Serbia: Market for Soap And Organic Surface-Active Products In Bars For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars For Toilet Use in Serbia

The Serbian market for soap and organic surface-active products in bars for toilet use reached $X in 2022, surging by 8.9% against the previous year. In general, consumption, however, saw a abrupt descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Soap And Organic Surface-Active Products In Bars For Toilet Use in Serbia

In value terms, production of soap and organic surface-active products in bars for toilet use surged to $X in 2022 estimated in export price. In general, production, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 108% against the previous year. Production of peaked in 2022 and is likely to see steady growth in the near future.

Exports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Exports from Serbia

After ten years of growth, overseas shipments of soap and organic surface-active products in bars for toilet use decreased by -6.1% to X tons in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 68% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, exports of soap and organic surface-active products in bars for toilet use fell to $X in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of 66% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Saudi Arabia (X tons), Poland (X tons) and North Macedonia (X tons) were the main destinations of exports of soap and organic surface-active products in bars for toilet use from Serbia, with a combined 71% share of total exports. The Czech Republic, Slovakia, Bosnia and Herzegovina, Montenegro, Hungary, Greece and Romania lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +68.5%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Poland ($X) and North Macedonia ($X) were the largest markets for soap in bars for toilet use exported from Serbia worldwide, together accounting for 69% of total exports. The Czech Republic, Montenegro, Bosnia and Herzegovina, Slovakia, Romania, Hungary and Greece lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Hungary, with a CAGR of +70.4%, 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

In 2022, the average export price for soap and organic surface-active products in bars for toilet use amounted to $X per ton, remaining constant against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 6.2%. The export price peaked at $X per ton in 2013; however, from 2014 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 Montenegro ($X per ton), while the average price for exports to Greece ($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 Saudi Arabia (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Imports into Serbia

In 2022, supplies from abroad of soap and organic surface-active products in bars for toilet use decreased by -3.5% to X tons, falling for the second consecutive year after three years of growth. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of soap and organic surface-active products in bars for toilet use declined slightly to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 31%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Germany (X tons) and Croatia (X tons) were the main suppliers of imports of soap and organic surface-active products in bars for toilet use to Serbia, together comprising 69% of total imports. Poland, Italy, Greece, Spain, the Netherlands and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +73.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in bars for toilet use suppliers to Serbia were Turkey ($X), Germany ($X) and Croatia ($X), together accounting for 60% of total imports. Italy, Greece, Poland, Spain, the Netherlands and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Spain, with a CAGR of +61.7%, recorded 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 import price for soap and organic surface-active products in bars for toilet use stood at $X per ton in 2022, with an increase of 2.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 8.8%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform