Serbia: Market for Table, Kitchen Or Household Articles Of Cast Iron 2025

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Serbia

In 2022, the Serbian cast iron household articles market increased by 86% to $X, rising for the fourth year in a row after two years of decline. In general, consumption continues to indicate a prominent expansion. Cast iron household articles consumption peaked in 2022 and is likely to see gradual growth in years to come.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Serbia

In 2022, approx. X tons of table, kitchen or household articles of cast iron were exported from Serbia; picking up by 57% compared with the previous year. In general, exports, however, continue to indicate a perceptible curtailment. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cast iron household articles exports skyrocketed to $X in 2022. Overall, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 64%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X tons), Bosnia and Herzegovina (X tons) and Montenegro (X tons) were the main destinations of cast iron household articles exports from Serbia, with a combined 85% share of total exports. Croatia and Australia lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +63.3%), while the other leaders experienced more modest paces of growth.

In value terms, North Macedonia ($X), Bosnia and Herzegovina ($X) and Montenegro ($X) constituted the largest markets for cast iron household articles exported from Serbia worldwide, with a combined 80% share of total exports. Croatia and Australia lagged somewhat behind, together accounting for a further 17%.

Croatia, with a CAGR of +77.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cast iron household articles export price stood at $X per ton in 2022, shrinking by -18% against the previous year. In general, the export price saw a perceptible setback. The growth pace was the most rapid in 2014 when the average export price increased by 91%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Croatia ($X per ton) and Montenegro ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) and North Macedonia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Serbia

In 2022, overseas purchases of table, kitchen or household articles of cast iron increased by 71% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports posted pronounced growth. The pace of growth appeared the most rapid in 2016 when imports increased by 103% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cast iron household articles imports soared to $X in 2022. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 104%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) was the main cast iron household articles supplier to Serbia, with a 94% share of total imports. It was followed by Turkey (X tons), with a 2.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.3% per year) and Germany (+46.0% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles of cast iron to Serbia, comprising 89% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+3.3% per year) and Germany (+37.2% per year).

Import Prices by Country

In 2022, the average cast iron household articles import price amounted to $X per ton, rising by 9.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China ($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 (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform