Serbia: Market for Leather Further Prepared After Tanning or Crusting 2024

Market Size for Leather Further Prepared After Tanning or Crusting in Serbia

The Serbian market for leather further prepared after tanning or crusting shrank markedly to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Leather Further Prepared After Tanning or Crusting in Serbia

In value terms, production of leather further prepared after tanning or crusting declined significantly to $X in 2022 estimated in export price. Over the period under review, production showed a deep reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Leather Further Prepared After Tanning or Crusting

Exports from Serbia

In 2022, shipments abroad of leather further prepared after tanning or crusting increased by X% to X square meters, rising for the second year in a row after four years of decline. In general, exports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of leather further prepared after tanning or crusting rose notably to $X in 2022. Over the period under review, exports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by X%. 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

North Macedonia (X square meters) was the main destination for exports of leather further prepared after tanning or crusting from Serbia, with a X% share of total exports. Moreover, exports of leather further prepared after tanning or crusting to North Macedonia exceeded the volume sent to the second major destination, Albania (X square meters), sevenfold. Turkey (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to North Macedonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (X% per year) and Turkey (X% per year).

In value terms, North Macedonia ($X) remains the key foreign market for leather further prepared after tanning or crusting exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Albania ($X), with an X% share of total exports. It was followed by Turkey, with a X% share.

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

Export Prices by Country

The average export price for leather further prepared after tanning or crusting stood at $X per square meter in 2022, rising by X% against the previous year. Over the period under review, export price indicated a slight expansion 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, export price for leather further prepared after tanning or crusting decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per square meter in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Turkey ($X per square meter), while the average price for exports to Bosnia and Herzegovina ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Leather Further Prepared After Tanning or Crusting

Imports into Serbia

In 2022, purchases abroad of leather further prepared after tanning or crusting increased by X% to X square meters, rising for the second consecutive year after six years of decline. In general, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports of hit record highs at X square meters in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of leather further prepared after tanning or crusting skyrocketed to $X in 2022. Overall, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X square meters), Italy (X square meters) and Taiwan (Chinese) (X square meters) were the main suppliers of imports of leather further prepared after tanning or crusting to Serbia, together accounting for X% of total imports.

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

In value terms, Thailand ($X) constituted the largest supplier of leather further prepared after tanning or crusting to Serbia, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average import price for leather further prepared after tanning or crusting stood at $X per square meter in 2022, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a 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 Taiwan (Chinese) ($X per square meter), while the price for Slovenia ($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 Greece (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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