Serbia: Scent Spray Market 2024

Scent Spray Market Size in Serbia

The Serbian scent spray market expanded to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Scent Spray Production in Serbia

In value terms, scent spray production stood at $X in 2022 estimated in export price. In general, production saw a dramatic decline. The pace of growth was the most pronounced in 2020 with a decrease of X% against the previous year. Scent spray production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Scent Spray Exports

Exports from Serbia

In 2022, shipments abroad of scent sprays increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, scent spray exports soared to $X in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Montenegro (X tons) was the main destination for scent spray exports from Serbia, accounting for a X% share of total exports. It was followed by Bosnia and Herzegovina (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Montenegro stood at X%.

In value terms, Montenegro ($X) emerged as the key foreign market for scent sprays exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Montenegro totaled X%.

Export Prices by Country

The average scent spray export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Bosnia and Herzegovina stood at $X per ton.

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

Scent Spray Imports

Imports into Serbia

In 2022, scent spray imports into Serbia surged to X tons, jumping by X% compared with the previous year. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, scent spray imports soared to $X in 2022. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of scent spray imports to Serbia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the largest scent spray suppliers to Serbia, together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average scent spray import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, import price indicated a buoyant expansion 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, scent spray import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform