Serbia: Net Fabric Market 2024

Net Fabric Market Size in Serbia

The Serbian net fabric market stood at $X in 2022, surging by 1.8% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -18.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Net Fabric Production in Serbia

In value terms, net fabric production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 37%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Net Fabric Exports

Exports from Serbia

In 2022, approx. X kg of tulles and other net fabrics were exported from Serbia; picking up by 126% on the year before. Overall, exports, however, recorded a sharp descent. The pace of growth was the most pronounced in 2019 with an increase of 216%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, net fabric exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 397% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Croatia (X kg) was the main destination for net fabric exports from Serbia, with a 71% share of total exports. Moreover, net fabric exports to Croatia exceeded the volume sent to the second major destination, Turkey (X kg), fourfold. The third position in this ranking was taken by Montenegro (X kg), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume to Croatia stood at +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+42.2% per year) and Montenegro (+3.9% per year).

In value terms, Croatia ($X) remains the key foreign market for tulles and other net fabrics exports from Serbia, comprising 87% of total exports. The second position in the ranking was held by Turkey ($X), with a 4.9% share of total exports. It was followed by Montenegro, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value to Croatia amounted to +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+46.4% per year) and Montenegro (-0.2% per year).

Export Prices by Country

The average net fabric export price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 181% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 Croatia (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Net Fabric Imports

Imports into Serbia

In 2022, purchases abroad of tulles and other net fabrics decreased by -0.8% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 284% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, net fabric imports contracted dramatically to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 197% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of net fabric to Serbia, accounting for a 72% share of total imports. Moreover, net fabric imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.9% per year) and Italy (-2.1% per year).

In value terms, Turkey ($X), China ($X) and Italy ($X) constituted the largest net fabric suppliers to Serbia, with a combined 90% share of total imports.

Turkey, with a CAGR of +33.6%, recorded 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

The average net fabric import price stood at $X per ton in 2022, shrinking by -18% against the previous year. In general, the import price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2021 when the average import price increased by 33%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform