Serbia: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Serbia

After two years of growth, the Serbian market for coconut, abaca, ramie and other vegetable textile fibres decreased by X% to $X in 2022. Overall, consumption, however, saw a noticeable increase. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Serbia

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decrease. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of coconut, abaca, ramie and other vegetable textile fibres in Serbia stood at less than X kg per ha, flattening at 2021 figures. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of coconut, abaca, ramie and other vegetable textile fibres were harvested in Serbia; leveling off at the year before. Overall, the harvested area recorded a relatively flat trend pattern.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Serbia

After two years of decline, shipments abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by X% to X kg in 2022. Overall, exports saw a perceptible decrease. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres contracted sharply to $X in 2022. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Germany (X kg) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Serbia, with a X% share of total exports. It was followed by Norway (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and France (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and France (X% per year).

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to France ($X 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 Germany (X%).

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Serbia

After two years of growth, supplies from abroad of coconut, abaca, ramie and other vegetable textile fibres decreased by X% to X tons in 2022. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then reduced notably in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres shrank remarkably to $X in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then shrank notably in the following year.

Imports by Country

India (X tons), Sri Lanka (X tons) and the Netherlands (X tons) were the main suppliers of imports of coconut, abaca, ramie and other vegetable textile fibres to Serbia, with a combined X% share of total imports.

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

In value terms, the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Serbia were Sri Lanka ($X), India ($X) and the Netherlands ($X), together comprising X% of total imports.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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