Price for Textiles; Worn Clothing and Other Worn Articles in Serbia - 2024

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Serbia (CIF) - 2024
2. Price for Textiles; Worn Clothing and Other Worn Articles in Serbia (FOB) - 2022
3. Imports of Textiles; Worn Clothing and Other Worn Articles in Serbia
4. Exports of Textiles; Worn Clothing and Other Worn Articles in Serbia

Price for Textiles; Worn Clothing and Other Worn Articles in Serbia (CIF) - 2024

In January 2024, the average import price for textiles; worn clothing and other worn articleses amounted to $1,399 per ton, picking up by 1.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in August 2023 when the average import price increased by 38% m-o-m. The import price peaked at $1,594 per ton in September 2023; however, from October 2023 to January 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($18,125 per ton), while the price for Germany ($663 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Italy (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textiles; Worn Clothing and Other Worn Articles in Serbia (FOB) - 2022

The average export price for textiles; worn clothing and other worn articleses stood at $282 per ton in 2022, reducing by -7.8% against the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 248% against the previous year. Over the period under review, the average export prices hit record highs at $1,233 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Russia ($1,140 per ton), while the average price for exports to Croatia ($135 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Textiles; Worn Clothing and Other Worn Articles in Serbia

In 2022, the amount of textiles; worn clothing and other worn articleses imported into Serbia totaled 5.6K tons, with an increase of 4.4% on 2021 figures. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 11% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of textiles; worn clothing and other worn articleses reached $5.8M in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Serbia in 2022:

1. Germany (3165.3 tons)
2. Slovakia (655.5 tons)
3. Netherlands (373.3 tons)
4. Bulgaria (275.5 tons)
5. Hungary (272.0 tons)
6. Poland (248.3 tons)
7. Romania (99.6 tons)
8. Austria (52.6 tons)

Exports of Textiles; Worn Clothing and Other Worn Articles in Serbia

In 2022, the amount of textiles; worn clothing and other worn articleses exported from Serbia reached 428 tons, standing approx. at 2021 figures. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 158% against the previous year. As a result, the exports attained the peak of 453 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of textiles; worn clothing and other worn articleses dropped to $121K in 2022. In general, exports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. As a result, the exports attained the peak of $177K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Serbia in 2022:

1. Turkey (347.6 tons)
2. Croatia (28.1 tons)
3. Libya (15.7 tons)
4. Russia (15.4 tons)
5. Germany (8.2 tons)

Source: IndexBox Market Intelligence Platform