Serbia: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Serbia

The Serbian market for tiles, flagstones and similar articles of cement, concrete or artificial stone declined to $X in 2023, shrinking by X% against the previous year. Overall, consumption, however, recorded strong growth. Consumption of peaked at $X in 2022, and then contracted in the following year.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Serbia

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone reduced to $X in 2023 estimated in export price. In general, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Production of peaked at $X in 2022, and then dropped in the following year.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Serbia

Exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Serbia soared to X tons in 2023, jumping by X% compared with 2022 figures. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2023 and are likely to see steady growth in years to come.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone contracted notably to $X in 2023. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Montenegro (X tons), North Macedonia (X tons) and Hungary (X tons) were the main destinations of exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Serbia, together comprising X% of total exports. Germany, Austria, Slovenia, Croatia, Bulgaria, France, Switzerland and Bosnia and Herzegovina 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 Slovenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Montenegro ($X), North Macedonia ($X) and Switzerland ($X) appeared to be the largest markets for tiles, flagstones and similar articles of cement, concrete or artificial stone exported from Serbia worldwide, together comprising X% of total exports. Hungary, Germany, Slovenia, Bosnia and Herzegovina, France, Bulgaria, Croatia and Austria lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, continues to indicate a mild increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

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

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Serbia

In 2023, purchases abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by X% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone expanded remarkably to $X in 2023. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of reached the peak figure in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Hungary (X tons) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Serbia, with a X% share of total imports. Moreover, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Hungary exceeded the figures recorded by the second-largest supplier, Bosnia and Herzegovina (X tons), twofold. The third position in this ranking was taken by Croatia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Hungary amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (X% per year) and Croatia (X% per year).

In value terms, Hungary ($X), Bosnia and Herzegovina ($X) and Croatia ($X) appeared to be the largest tiles, flagstones and similar articles of cement, concrete or artificial stone suppliers to Serbia, with a combined X% share of total imports. Poland, Bulgaria, Slovenia and Romania lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for tiles, flagstones and similar articles of cement, concrete or artificial stone increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform