Serbia: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in Serbia

The Serbian wood chips and particles market contracted to $X in 2022, shrinking by -13.8% against the previous year. Over the period under review, consumption saw a abrupt curtailment. Wood chips and particles consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Wood Chips And Particles in Serbia

In value terms, wood chips and particles production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Wood Chips And Particles

Exports from Serbia

Wood chips and particles exports from Serbia shrank notably to X cubic meters in 2022, declining by -65.4% against 2021 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 166% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, wood chips and particles exports declined sharply to $X in 2022. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 144%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X cubic meters) was the main destination for wood chips and particles exports from Serbia, with a 82% share of total exports. Moreover, wood chips and particles exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, North Macedonia (X cubic meters), sixfold. The third position in this ranking was taken by Montenegro (X cubic meters), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +57.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-21.9% per year) and Montenegro (+9.6% per year).

In value terms, Bosnia and Herzegovina ($X), Montenegro ($X) and North Macedonia ($X) were the largest markets for wood chips and particles exported from Serbia worldwide, together comprising 96% of total exports.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of +26.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, growing by 8.6% against the previous year. Over the period under review, the export price, however, showed a deep setback. The pace of growth appeared the most rapid in 2013 when the average export price increased by 22%. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per cubic meter), while the average price for exports to Bosnia and Herzegovina ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Wood Chips And Particles

Imports into Serbia

In 2022, overseas purchases of wood chips and particles decreased by -39.9% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 2,209% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2021, and then shrank sharply in the following year.

In value terms, wood chips and particles imports fell significantly to $X in 2022. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 555% against the previous year. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, Bosnia and Herzegovina (X cubic meters) was the main supplier of wood chips and particles to Serbia, with a 94% share of total imports. Moreover, wood chips and particles imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Croatia (X cubic meters), more than tenfold. Germany (X cubic meters) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bosnia and Herzegovina totaled +51.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+10.1% per year) and Germany (+41.8% per year).

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of wood chips and particles to Serbia, comprising 58% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Croatia, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from Bosnia and Herzegovina totaled +51.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+39.9% per year) and Croatia (+13.5% per year).

Import Prices by Country

In 2022, the average wood chips and particles import price amounted to $X per cubic meter, increasing by 30% against the previous year. Overall, the import price, however, recorded a abrupt decline. The growth pace was the most rapid in 2016 an increase of 139%. As a result, import price reached the peak level of $X per cubic meter. From 2017 to 2022, the average 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 Hungary ($X per cubic meter), while the price for Bosnia and Herzegovina ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform