Serbia: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in Serbia

The Serbian metal advertising sign market expanded markedly to $X in 2020, with an increase of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Metal advertising sign consumption peaked at $X in 2014; however, from 2015 to 2020, consumption failed to regain momentum.

Metal Advertising Sign Production in Serbia

In value terms, metal advertising sign production soared to $X in 2020 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Metal Advertising Sign Exports

Exports from Serbia

In 2020, after six years of growth, there was significant decline in shipments abroad of metal advertising signs, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2019, and then fell in the following year.

In value terms, metal advertising sign exports contracted to $X in 2020. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

Exports by Country

Switzerland (X tons), Montenegro (X tons) and Hungary (X tons) were the main destinations of metal advertising sign exports from Serbia, together accounting for X% of total exports. Turkey, Slovenia, Sweden and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for metal advertising signs exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Montenegro ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Switzerland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2020, the average metal advertising sign export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a mild downturn. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Metal Advertising Sign Imports

Imports into Serbia

In 2020, metal advertising sign imports into Serbia contracted to X tons, falling by X% against 2019. In general, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2019, and then dropped in the following year.

In value terms, metal advertising sign imports fell to $X in 2020. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Bosnia and Herzegovina (X tons) constituted the largest supplier of metal advertising sign to Serbia, accounting for a X% share of total imports. Moreover, metal advertising sign imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Bosnia and Herzegovina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, the largest metal advertising sign suppliers to Serbia were China ($X), Bosnia and Herzegovina ($X) and Germany ($X), with a combined X% share of total imports. Italy, Spain, Turkey, Poland, Switzerland and the UK lagged somewhat behind, together accounting for a further X%.

Switzerland, with a CAGR of X%, 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 metal advertising sign import price stood at $X per ton in 2020, waning by X% against the previous year. Overall, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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