Serbia - Wadding - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Serbia - Wadding - Market Analysis, Forecast, Size, Trends And Insights

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Wadding Price in Serbia - 2023

Contents:

  1. Wadding Price in Serbia (CIF) - 2023
  2. Wadding Price in Serbia (FOB) - 2023
  3. Wadding Imports in Serbia
  4. Wadding Exports in Serbia

Wadding Price in Serbia (CIF) - 2023

In November 2023, the average wadding import price amounted to $10,220 per ton, falling by -10.5% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 24% against the previous month. As a result, import price reached the peak level of $13,113 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Lithuania ($19,923 per ton), while the price for China ($1,831 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 Italy (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Wadding Price in Serbia (FOB) - 2023

The average wadding export price stood at $5,797 per ton in November 2023, waning by -2.8% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 7.1% month-to-month. The export price peaked at $6,650 per ton in June 2023; however, from July 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Lebanon ($6,919 per ton), while the average price for exports to Bulgaria ($3,334 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wadding Imports in Serbia

In 2022, approx. 3.4K tons of wadding were imported into Serbia; with an increase of 1.7% on the previous year's figure. The total import volume increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. As a result, imports attained the peak of 3.6K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, wadding imports stood at $31M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 69% against the previous year. As a result, imports attained the peak of $33M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Wadding in Serbia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lithuania1.67.27.910.386.0%
Poland7.514.911.17.4-0.4%
Russia2.52.53.22.0-7.2%
BrazilN/AN/AN/A1.90%
Turkey0.70.70.81.528.9%
Hungary0.20.8N/A1.595.7%
Italy1.81.11.31.2-12.6%
Germany0.70.81.01.116.3%
Romania0.40.60.91.035.7%
Ukraine1.61.00.90.7-24.1%
Bulgaria0.60.80.90.3-20.6%
Others1.72.01.62.17.3%
Total19.332.629.731.117.2%

Top Suppliers of Wadding to Serbia in 2022:

  1. Poland (802.4 tons)
  2. Lithuania (516.6 tons)
  3. Turkey (465.1 tons)
  4. Russia (284.3 tons)
  5. Brazil (253.3 tons)
  6. Italy (223.6 tons)
  7. Germany (200.8 tons)
  8. Hungary (157.8 tons)
  9. Romania (137.8 tons)
  10. Ukraine (92.5 tons)
  11. Bulgaria (48.7 tons)

Wadding Exports in Serbia

In 2022, exports of wadding from Serbia plummeted to 826 tons, reducing by -17.4% against 2021. In general, exports saw a mild setback. The pace of growth was the most pronounced in 2021 when exports increased by 25%. As a result, the exports attained the peak of 1,000 tons, and then shrank remarkably in the following year.

In value terms, wadding exports declined to $4.7M in 2022. Overall, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, the exports attained the peak of $5.4M, and then contracted in the following year.

Export of Wadding in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lebanon6413321,0821,71638.9%
Montenegro3533554184024.4%
North Macedonia3223625873230.1%
Slovenia95.316526725939.6%
South KoreaN/A1611,19323621.1%
JordanN/A14312123528.2%
Slovakia271287264234-4.8%
Bosnia and Herzegovina287258248230-7.1%
Portugal381215296215-17.4%
Bulgaria11318524319419.7%
Ukraine12011916890.5-9.0%
Romania209119N/A37.8-43.4%
Lithuania77621341.126.5-67.6%
Others550583440507-2.7%
Total4,1173,4975,3684,7064.6%

Top Export Markets for Wadding from Serbia in 2022:

  1. Lebanon (285.2 tons)
  2. North Macedonia (58.6 tons)
  3. Slovakia (57.2 tons)
  4. Slovenia (54.7 tons)
  5. Montenegro (50.1 tons)
  6. Bulgaria (42.2 tons)
  7. Jordan (39.9 tons)
  8. South Korea (39.7 tons)
  9. Bosnia and Herzegovina (39.4 tons)
  10. Portugal (30.7 tons)
  11. Ukraine (20.5 tons)
  12. Romania (3.5 tons)
  13. Lithuania (2.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wadding 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 17221240 - Wadding, other articles of wadding

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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