Serbia: Shampoo Market 2024

Shampoo Market Size in Serbia

The Serbian shampoo market amounted to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, saw a mild curtailment. Shampoo consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Shampoo Production in Serbia

In value terms, shampoo production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Shampoo Exports

Exports from Serbia

In 2022, overseas shipments of shampoos decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, shampoo exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Montenegro (X tons), Bosnia and Herzegovina (X tons) and North Macedonia (X tons) were the main destinations of shampoo exports from Serbia, with a combined X% share of total exports. Russia, Romania and Croatia lagged somewhat behind, together accounting 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 Russia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Bosnia and Herzegovina ($X), Montenegro ($X) and North Macedonia ($X) constituted the largest markets for shampoo exported from Serbia worldwide, together comprising X% of total exports. Romania, Russia and Croatia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average shampoo export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, export price indicated a prominent 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, shampoo export price increased by X% against 2020 indices. As a result, the export price attained 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 North Macedonia ($X per ton), while the average price for exports to Montenegro ($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 North Macedonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Shampoo Imports

Imports into Serbia

In 2022, after eight years of growth, there was decline in purchases abroad of shampoos, when their volume decreased by X% to X tons. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell modestly in the following year.

In value terms, shampoo imports rose modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Italy (X tons) and Slovenia (X tons) were the main suppliers of shampoo imports to Serbia, together comprising X% of total imports. Romania, France, Bosnia and Herzegovina, Spain, Turkey, Poland and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Romania ($X) appeared to be the largest shampoo suppliers to Serbia, together accounting for X% of total imports. France, Spain, Slovenia, Turkey, Poland, Bosnia and Herzegovina and Greece lagged somewhat behind, together comprising a further X%.

Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average shampoo import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform