Report Update: May 1, 2024

Serbia - Table, Kitchen Or Household Articles And Parts Of Iron - Market Analysis, Forecast, Size, Trends And Insights

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Iron Household Articles Price in Serbia - 2023

Iron Household Articles Price in Serbia (CIF) - 2023

In November 2023, the average iron household articles import price amounted to $4,307 per ton, increasing by 16% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in August 2023 an increase of 36% against the previous month. The import price peaked at $4,880 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Czech Republic ($7,195 per ton), while the price for Bulgaria ($2,171 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Iron Household Articles Price in Serbia (FOB) - 2022

The average iron household articles export price stood at $5,092 per ton in 2022, leveling off at the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron household articles export price increased by +68.9% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24%. The export price peaked at $5,103 per ton in 2021, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($8,800 per ton), while the average price for exports to Montenegro ($4,022 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 Italy (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports in Serbia

In 2022, after three years of growth, there was decline in overseas purchases of table, kitchen or household articles and parts of iron, when their volume decreased by -4.8% to 1.6K tons. The total import volume increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 26%.

In value terms, iron household articles imports reduced to $6.6M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of $6.7M, and then shrank modestly in the following year.

Import of Iron Household Articles in Serbia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.8	1.3	2.4	2.1	37.9%
Turkey	0.7	0.9	0.9	1.5	28.9%
Germany	0.9	1.1	1.6	1.2	10.1%
Italy	0.9	1.0	1.2	1.1	6.9%
Ukraine	0.1	0.2	0.1	0.1	0.0%
Others	0.4	0.3	0.4	0.5	7.7%
Total	3.9	4.9	6.7	6.6	19.2%

Top Suppliers of Iron Household Articles to Serbia in 2022:

Turkey (517.3 tons)
China (441.0 tons)
Italy (362.5 tons)
Germany (206.4 tons)
Ukraine (24.5 tons)

Iron Household Articles Exports in Serbia

In 2022, the amount of table, kitchen or household articles and parts of iron exported from Serbia dropped dramatically to 92 tons, reducing by -22.4% against the previous year's figure. Over the period under review, exports faced a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 5.2% against the previous year.

In value terms, iron household articles exports declined markedly to $466K in 2022. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 19%.

Export of Iron Household Articles in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Montenegro	117	121	111	145	7.4%
Bosnia and Herzegovina	167	114	140	111	-12.7%
Croatia	64.0	65.8	67.8	86.1	10.4%
Russia	N/A	N/A	N/A	36.9	0%
North Macedonia	30.0	36.8	51.4	33.7	4.0%
Slovenia	166	114	178	14.4	-55.7%
Germany	28.7	9.0	5.6	N/A	-55.8%
Italy	54.5	N/A	N/A	N/A	0%
Others	57.6	45.0	48.7	38.8	-12.3%
Total	685	505	602	466	-12.1%

Top Export Markets for Iron Household Articles from Serbia in 2022:

Montenegro (36.1 tons)
Croatia (20.4 tons)
Bosnia and Herzegovina (18.2 tons)
North Macedonia (7.1 tons)
Russia (4.2 tons)
Slovenia (2.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron household articles market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991245 - Table, kitchen or household articles and parts thereof of iron other than cast iron, or steel other than stainless (excl. enamelled)

Country coverage:

Serbia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Serbia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023