Serbia: Sanitary Alluminium Ware Market 2024

Sanitary Alluminium Ware Market Size in Serbia

In 2022, the Serbian sanitary alluminium ware market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded buoyant growth. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Sanitary Alluminium Ware Production in Serbia

In value terms, sanitary alluminium ware production declined to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Sanitary alluminium ware production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Sanitary Alluminium Ware Exports

Exports from Serbia

In 2022, shipments abroad of sanitary ware and parts of aluminium decreased by X% to X tons, falling for the sixth consecutive year after three years of growth. Over the period under review, exports saw a precipitous slump. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sanitary alluminium ware exports surged to $X in 2022. In general, exports continue to indicate a significant decline. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Croatia (X tons), Montenegro (X tons) and Bosnia and Herzegovina (X kg) were the main destinations of sanitary alluminium ware exports from Serbia, together accounting for X% of total exports. These countries were followed by the Dominican Republic, which accounted for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Croatia ($X) emerged as the key foreign market for sanitary ware and parts of aluminium exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Montenegro ($X), with an X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Croatia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

In 2022, the average sanitary alluminium ware export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sanitary alluminium ware export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Montenegro ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (X%), while the prices for the other major destinations experienced a decline.

Sanitary Alluminium Ware Imports

Imports into Serbia

In 2022, imports of sanitary ware and parts of aluminium into Serbia shrank markedly to X tons, reducing by X% on the year before. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sanitary alluminium ware imports dropped remarkably to $X in 2022. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of sanitary alluminium ware to Serbia, accounting for a X% share of total imports. It was followed by Turkey (X kg), with a X% share of total imports. The third position in this ranking was taken by Slovenia (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Slovenia (X% per year).

In value terms, China ($X) constituted the largest supplier of sanitary ware and parts of aluminium to Serbia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average sanitary alluminium ware import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform