Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Serbia - 2024
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Serbia (FOB) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Serbia (CIF) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Serbia
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Serbia
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Serbia (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $92 per unit, with an increase of 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2018 an increase of 53% against the previous year. As a result, the export price attained the peak level of $97 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($92 per unit) and North Macedonia ($92 per unit), while the average price for exports to Spain ($91 per unit) and Switzerland ($92 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Serbia (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $102 per unit, rising by 13% against the previous year. In general, the import price, however, showed a mild curtailment. The import price peaked at $127 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were North Macedonia ($102 per unit) and Germany ($102 per unit), while the price for Spain ($102 per unit) and Slovenia ($102 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (-1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Serbia
In 2022, the amount of furniture; wooden, other than for office, kitchen or bedroom use exported from Serbia totaled 1.7M units, growing by 4.3% compared with the previous year's figure. The total export volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use rose remarkably to $158M in 2022. The total export value increased at an average annual rate of +10.5% 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 2021 with an increase of 23% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 24.6 | 29.5 | 29.7 | 27.6 | 3.9% |
| France | 12.6 | 14.5 | 17.0 | 18.6 | 13.9% |
| Belgium | 7.4 | 12.6 | 14.9 | 16.5 | 30.6% |
| Russia | 0.8 | 3.3 | 5.3 | 12.0 | 146.6% |
| Bosnia and Herzegovina | 9.8 | 8.0 | 11.1 | 11.2 | 4.6% |
| Germany | 6.9 | 5.7 | 7.8 | 9.0 | 9.3% |
| Montenegro | 8.4 | 5.3 | 7.2 | 8.9 | 1.9% |
| Croatia | 8.2 | 5.2 | 8.7 | 8.3 | 0.4% |
| Switzerland | 4.7 | 5.7 | 6.5 | 7.1 | 14.7% |
| Slovenia | 4.9 | 4.8 | 5.7 | 4.7 | -1.4% |
| Austria | 3.7 | 4.6 | 4.7 | 4.3 | 5.1% |
| Spain | 0.8 | 1.8 | 3.8 | 3.9 | 69.6% |
| North Macedonia | 3.4 | 3.4 | 4.1 | 3.3 | -1.0% |
| Others | 21.0 | 16.2 | 21.5 | 22.9 | 2.9% |
| Total | 117 | 121 | 148 | 158 | 10.5% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Serbia in 2022:
- Romania (301.6K units)
- France (203.6K units)
- Belgium (179.9K units)
- Russia (131.6K units)
- Bosnia and Herzegovina (122.3K units)
- Germany (97.9K units)
- Montenegro (97.2K units)
- Croatia (91.0K units)
- Switzerland (77.8K units)
- Slovenia (50.9K units)
- Austria (47.1K units)
- Spain (42.9K units)
- North Macedonia (36.4K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Serbia
After three years of growth, overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use decreased by -2.4% to 347K units in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 31%. Imports peaked at 356K units in 2021, and then fell in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use rose notably to $36M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +59.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 26%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 7.9 | 9.5 | 10.8 | 11.5 | 13.3% |
| Turkey | 1.6 | 2.6 | 3.8 | 5.9 | 54.5% |
| Italy | 2.2 | 2.3 | 3.2 | 5.1 | 32.3% |
| China | 2.1 | 2.3 | 3.2 | 3.4 | 17.4% |
| Germany | 1.3 | 1.9 | 1.8 | 1.5 | 4.9% |
| Bosnia and Herzegovina | 0.9 | 1.1 | 1.3 | 1.4 | 15.9% |
| North Macedonia | 0.2 | 0.3 | 0.4 | 0.7 | 51.8% |
| Croatia | 0.7 | 0.8 | 1.0 | 0.7 | 0.0% |
| Slovakia | 0.3 | 0.6 | 0.9 | 0.4 | 10.1% |
| Spain | 0.2 | 0.3 | 1.4 | 0.2 | 0.0% |
| Others | 4.9 | 3.8 | 4.4 | 4.8 | -0.7% |
| Total | 22.3 | 25.6 | 32.3 | 35.6 | 16.9% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Serbia in 2022:
- Poland (112.1K units)
- Turkey (58.0K units)
- Italy (49.3K units)
- China (32.9K units)
- Germany (14.3K units)
- Bosnia and Herzegovina (14.1K units)
- Croatia (7.3K units)
- North Macedonia (6.4K units)
- Slovakia (3.5K units)
- Spain (2.3K units)
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