Serbia: Ceramic Tile Market 2024

Ceramic Tile Market Size in Serbia

The Serbian ceramic tile market skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw significant growth. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Ceramic Tile Production in Serbia

In value terms, ceramic tile production reached $X in 2022 estimated in export price. Overall, production posted a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Ceramic Tile Exports

Exports from Serbia

After two years of growth, overseas shipments of ceramic tiles decreased by X% to X square meters in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X square meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, ceramic tile exports skyrocketed to $X in 2022. In general, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X square meters), North Macedonia (X square meters) and Croatia (X square meters) were the main destinations of ceramic tile exports from Serbia, together comprising X% of total exports. Hungary, Montenegro, Poland and Slovakia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Croatia ($X) and Hungary ($X) were the largest markets for ceramic tile exported from Serbia worldwide, with a combined X% share of total exports. Montenegro, North Macedonia, Slovakia and Poland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ceramic tile export price stood at $X per square meter in 2022, with an increase of X% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ceramic tile export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Montenegro ($X per square meter) and Hungary ($X per square meter), while the average price for exports to North Macedonia ($X per square meter) and Poland ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Tile Imports

Imports into Serbia

In 2022, ceramic tile imports into Serbia reduced to X square meters, waning by X% on the year before. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X square meters in 2021, and then reduced in the following year.

In value terms, ceramic tile imports surged to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X square meters), Spain (X square meters) and Turkey (X square meters) were the main suppliers of ceramic tile imports to Serbia, with a combined X% share of total imports. Poland, Bulgaria, India and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ceramic tile suppliers to Serbia were Italy ($X), Spain ($X) and Turkey ($X), together comprising X% of total imports. Poland, Bulgaria, India and China lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 ceramic tile import price stood at $X per square meter in 2022, jumping by X% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ceramic tile import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2016 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 China ($X per square meter), while the price for Bulgaria ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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