Serbia: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Serbia

In 2022, the Serbian stainless steel angle market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Stainless steel angle consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Stainless Steel Angle Production in Serbia

In value terms, stainless steel angle production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Stainless Steel Angle Exports

Exports from Serbia

In 2022, the amount of angles, shapes and sections of stainless steel or other alloy steel exported from Serbia fell sharply to X tons, which is down by X% on the previous year's figure. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel angle exports shrank rapidly to $X in 2022. Over the period under review, exports recorded a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for stainless steel angle exports from Serbia, accounting for a X% share of total exports. Moreover, stainless steel angle exports to Italy exceeded the volume sent to the second major destination, North Macedonia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Germany (X% per year).

In value terms, Italy ($X) remains the key foreign market for angles, shapes and sections of stainless steel or other alloy steel exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Germany (X% per year).

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to North Macedonia ($X 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 Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Stainless Steel Angle Imports

Imports into Serbia

After three years of growth, overseas purchases of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, stainless steel angle imports shrank to $X in 2022. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

Italy (X tons), South Korea (X tons) and India (X tons) were the main suppliers of stainless steel angle imports to Serbia, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), South Korea ($X) and India ($X) were the largest stainless steel angle suppliers to Serbia, with a combined X% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, recorded 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

In 2022, the average stainless steel angle import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :