Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Serbia - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Serbia (CIF) - 2023
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Serbia (FOB) - 2022
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Serbia
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Serbia
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Serbia (CIF) - 2023
The average import price for articles of apparel and clothing accessories, of leather or of composition leather stood at $20.0 per unit in December 2023, increasing by 2.7% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 42% against the previous month. Over the period under review, average import prices attained the maximum at $26.5 per unit in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Italy ($111 per unit), while the price for Turkey ($11.3 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Serbia (FOB) - 2022
The average export price for articles of apparel and clothing accessories, of leather or of composition leather stood at $21 per unit in 2022, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2020 an increase of 20% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($40 per unit), while the average price for exports to Bulgaria ($6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Serbia
In 2022, imports of articles of apparel and clothing accessories, of leather or of composition leather into Serbia declined to 364K units, reducing by -3.5% against the year before. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. As a result, imports attained the peak of 378K units, and then shrank slightly in the following year.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather contracted to $5.9M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 47%. As a result, imports reached the peak of $6.2M, and then contracted in the following year.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 838 | 860 | 1,241 | 1,239 | 13.9% |
| Italy | 663 | 574 | 770 | 1,013 | 15.2% |
| India | 889 | 737 | 1,083 | 956 | 2.5% |
| Turkey | 494 | 470 | 742 | 946 | 24.2% |
| Pakistan | 602 | 731 | 1,079 | 710 | 5.7% |
| Others | 965 | 820 | 1,261 | 1,024 | 2.0% |
| Total | 4,450 | 4,191 | 6,177 | 5,888 | 9.8% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Serbia in 2022:
- China (170.8K units)
- Pakistan (53.6K units)
- Turkey (45.9K units)
- India (36.3K units)
- Italy (28.4K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Serbia
Exports of articles of apparel and clothing accessories, of leather or of composition leather from Serbia expanded remarkably to 137K units in 2022, surging by 11% compared with the year before. The total export volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather skyrocketed to $2.8M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 450 | 550 | 755 | 955 | 28.5% |
| Italy | 522 | 413 | 689 | 855 | 17.9% |
| Montenegro | 260 | 218 | 268 | 340 | 9.4% |
| Croatia | 103 | 136 | 146 | 218 | 28.4% |
| North Macedonia | 144 | 169 | 232 | 164 | 4.4% |
| Germany | 58.8 | 38.1 | 42.3 | 38.5 | -13.2% |
| Bulgaria | 9.7 | 32.2 | 16.2 | 18.3 | 23.6% |
| Others | 131 | 266 | 104 | 229 | 20.5% |
| Total | 1,679 | 1,821 | 2,253 | 2,817 | 18.8% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Serbia in 2022:
- Italy (58.6K units)
- Bosnia and Herzegovina (35.7K units)
- Montenegro (10.7K units)
- North Macedonia (10.6K units)
- Croatia (5.4K units)
- Germany (3.3K units)
- Bulgaria (3.1K units)
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