Serbia: Textile Wall Covering Market 2024

Textile Wall Covering Market Size in Serbia

The Serbian textile wall covering market surged to $X in 2023, increasing by X% against the previous year. In general, consumption, however, showed significant growth. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

Textile Wall Covering Production in Serbia

In value terms, textile wall covering production stood at less than $X in 2023 estimated in export price. Overall, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when the production volume decreased by X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Textile Wall Covering Exports

Exports from Serbia

Textile wall covering exports from Serbia soared to X square meters in 2023, with an increase of X% compared with the year before. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile wall covering exports skyrocketed to $X in 2023. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

Switzerland (X square meters), Austria (X square meters) and Kazakhstan (X square meters) were the main destinations of textile wall covering exports from Serbia, with a combined X% share of total exports. Bosnia and Herzegovina and Croatia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile wall covering exported from Serbia were Switzerland ($X), Austria ($X) and Kazakhstan ($X), together accounting for X% of total exports. Bosnia and Herzegovina and Croatia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the average textile wall covering export price amounted to $X per square meter, shrinking by X% against the previous year. Overall, the export price, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2023, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Croatia ($X per square meter) and Kazakhstan ($X per square meter), while the average price for exports to Bosnia and Herzegovina ($X per square meter) and Austria ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wall Covering Imports

Imports into Serbia

In 2023, overseas purchases of textile wall coverings decreased by X% to X square meters, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X square meters in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, textile wall covering imports shrank rapidly to $X in 2023. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then fell markedly in the following year.

Imports by Country

Italy (X square meters), Bulgaria (X square meters) and the UK (X square meters) were the main suppliers of textile wall covering imports to Serbia, together accounting for X% of total imports. Denmark, Belgium, the Netherlands, China and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Bulgaria ($X) and the UK ($X) constituted the largest textile wall covering suppliers to Serbia, with a combined X% share of total imports. Denmark, Belgium, the Netherlands, China and India lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Denmark, with a CAGR of X%, saw the highest growth rate of 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 textile wall covering import price stood at $X per square meter in 2023, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2020 to 2023, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Italy ($X per square meter) and the UK ($X per square meter), while the price for the Netherlands ($X per square meter) and China ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform