Serbia: Soap And Detergent Market 2024

Soap And Detergent Market Size in Serbia

The Serbian soap and detergent market rose slightly to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, recorded a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Soap And Detergent Production in Serbia

In value terms, soap and detergent production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Soap and detergent production peaked in 2022 and is likely to see steady growth in years to come.

Soap And Detergent Exports

Exports from Serbia

In 2022, overseas shipments of soap and detergents decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, soap and detergent exports declined slightly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Germany (X tons) was the main destination for soap and detergent exports from Serbia, accounting for a X% share of total exports. Moreover, soap and detergent exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), twofold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Germany ($X) remains the key foreign market for soap and detergents exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with an X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average soap and detergent export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price posted strong growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Albania ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soap And Detergent Imports

Imports into Serbia

In 2022, after two years of growth, there was decline in supplies from abroad of soap and detergents, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined slightly in the following year.

In value terms, soap and detergent imports totaled $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of soap and detergent imports to Serbia, with a combined X% share of total imports. Austria, Italy, Poland, Croatia, Norway, Hungary, Belgium, Romania and Greece lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest soap and detergent suppliers to Serbia were Germany ($X), Turkey ($X) and Italy ($X), together accounting for X% of total imports. Norway, Poland, the Czech Republic, Belgium, Hungary, Austria, Croatia, Romania and Greece lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Norway, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soap and detergent import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($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