Serbia: Particle Board Market 2024

Particle Board Market Size in Serbia

The Serbian particle board market expanded remarkably to $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated a buoyant increase 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, consumption increased by X% against 2016 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Particle Board Production in Serbia

In value terms, particle board production fell rapidly to $X in 2022 estimated in export price. In general, production showed a abrupt slump. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Particle Board Exports

Exports from Serbia

For the third consecutive year, Serbia recorded decline in shipments abroad of particle board, which decreased by X% to X cubic meters in 2022. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, particle board exports dropped to $X in 2022. Overall, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Montenegro (X cubic meters), North Macedonia (X cubic meters) and Italy (X cubic meters) were the main destinations of particle board exports from Serbia, with a combined X% share of total exports. Bosnia and Herzegovina, Albania, Germany, Croatia, Bulgaria and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Montenegro ($X), North Macedonia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for particle board exported from Serbia worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Montenegro, 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 particle board export price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Overall, export price indicated a prominent 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, particle board export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per cubic meter), while the average price for exports to Turkey ($X per cubic meter) was amongst the lowest.

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

Particle Board Imports

Imports into Serbia

In 2022, overseas purchases of particle board decreased by X% to X cubic meters, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a buoyant 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, particle board imports expanded remarkably to $X in 2022. In general, total imports indicated a buoyant increase 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Romania (X cubic meters) constituted the largest supplier of particle board to Serbia, accounting for a X% share of total imports. Moreover, particle board imports from Romania exceeded the figures recorded by the second-largest supplier, Bulgaria (X cubic meters), fourfold. The third position in this ranking was held by Hungary (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Romania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Hungary (X% per year).

In value terms, Romania ($X) constituted the largest supplier of particle board to Serbia, comprising X% of total imports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Romania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Austria (X% per year).

Import Prices by Country

The average particle board import price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a perceptible 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, particle board import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per cubic meter), while the price for Croatia ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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