Serbia: Vehicle Seat Market 2025

Vehicle Seat Market Size in Serbia

In 2022, the Serbian vehicle seat market decreased by -98.7% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption recorded a significant decrease. Vehicle seat consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Vehicle Seat Production in Serbia

In value terms, vehicle seat production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 70%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Vehicle Seat Exports

Exports from Serbia

In 2022, overseas shipments of seats for motor vehicles increased by 116% to X units, rising for the second year in a row after four years of decline. Overall, exports, however, showed a abrupt slump. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, vehicle seat exports soared to $X in 2022. In general, exports, however, continue to indicate a abrupt slump. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units), Croatia (X units) and Greece (X units) were the main destinations of vehicle seat exports from Serbia, with a combined 72% share of total exports. Bosnia and Herzegovina, Russia, Montenegro, Hungary, North Macedonia, Mauritania, Germany, Italy and Slovenia lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +2,100.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vehicle seat exported from Serbia were Croatia ($X), the Czech Republic ($X) and Greece ($X), with a combined 68% share of total exports. Bosnia and Herzegovina, Montenegro, Hungary, North Macedonia, Russia, Mauritania, Germany, Italy and Slovenia lagged somewhat behind, together accounting for a further 28%.

Russia, with a CAGR of +2,447.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vehicle seat export price stood at $X per unit in 2022, which is down by -20.4% against the previous year. Over the period under review, the export price, however, recorded a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 78%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+98.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Seat Imports

Imports into Serbia

For the third year in a row, Serbia recorded growth in supplies from abroad of seats for motor vehicles, which increased by 26% to X units in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 29%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, vehicle seat imports dropped markedly to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.5% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, Turkey (X units) constituted the largest vehicle seat supplier to Serbia, with a 55% share of total imports. Moreover, vehicle seat imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+34.1% per year) and Germany (+8.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of seats for motor vehicles to Serbia, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Germany, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+36.1% per year) and Germany (+10.0% per year).

Import Prices by Country

The average vehicle seat import price stood at $X per unit in 2022, with a decrease of -37.1% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 an increase of 30%. As a result, import price attained the peak level of $X per unit, and then declined sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per unit) and India ($X per unit), while the price for Turkey ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+65.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform