Serbia: Concrete Tile Market 2024

Concrete Tile Market Size in Serbia

The Serbian concrete tile market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, recorded a perceptible downturn. Concrete tile consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Concrete Tile Production in Serbia

In value terms, concrete tile production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced reduction. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Concrete Tile Exports

Exports from Serbia

Concrete tile exports from Serbia surged to X tons in 2022, growing by 26% compared with 2021 figures. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 135% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, concrete tile exports surged to $X in 2022. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 115%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for concrete tile exports from Serbia, with a 62% share of total exports. Moreover, concrete tile exports to Romania exceeded the volume sent to the second major destination, North Macedonia (X tons), fourfold. The third position in this ranking was taken by Bosnia and Herzegovina (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at +57.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+27.7% per year) and Bosnia and Herzegovina (+12.5% per year).

In value terms, Romania ($X) remains the key foreign market for tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone exports from Serbia, comprising 57% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 17% share of total exports. It was followed by Bosnia and Herzegovina, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Romania totaled +58.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+26.6% per year) and Bosnia and Herzegovina (+6.2% per year).

Export Prices by Country

In 2022, the average concrete tile export price amounted to $X per ton, falling by -4.1% against the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Tile Imports

Imports into Serbia

After two years of growth, supplies from abroad of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone decreased by -6% to X tons in 2022. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +31.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, concrete tile imports dropped modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of concrete tile to Serbia, with a 59% share of total imports. Moreover, concrete tile imports from Hungary exceeded the figures recorded by the second-largest supplier, Croatia (X tons), fourfold. The third position in this ranking was taken by Slovenia (X tons), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+16.6% per year) and Slovenia (+21.0% per year).

In value terms, Hungary ($X) constituted the largest supplier of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone to Serbia, comprising 43% of total imports. The second position in the ranking was taken by Croatia ($X), with a 12% share of total imports. It was followed by Italy, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from Hungary stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+17.2% per year) and Italy (+20.4% per year).

Import Prices by Country

The average concrete tile import price stood at $X per ton in 2022, rising by 4% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete tile import price increased by +58.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 14%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Italy ($X per ton), while the price for Hungary ($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 (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform