Serbia: Lamp Holder Market 2024

Lamp Holder Market Size in Serbia

In 2022, the Serbian lamp holder market was finally on the rise to reach $X after three years of decline. In general, consumption enjoyed a strong expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Lamp Holder Production in Serbia

In value terms, lamp holder production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 61%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Lamp Holder Exports

Exports from Serbia

In 2022, after four years of growth, there was decline in shipments abroad of lamp holders, plugs and sockets, when their volume decreased by -3.5% to X tons. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.7% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, lamp holder exports fell rapidly to $X in 2022. Overall, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 101% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell significantly in the following year.

Exports by Country

Germany (X tons) was the main destination for lamp holder exports from Serbia, accounting for a 0.5% share of total exports. Moreover, lamp holder exports to Germany exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), twofold. Montenegro (X tons) ranked third in terms of total exports with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +50.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+3.5% per year) and Montenegro (+3.2% per year).

In value terms, the largest markets for lamp holder exported from Serbia were Germany ($X), Hungary ($X) and Bosnia and Herzegovina ($X), with a combined 67% share of total exports.

Among the main countries of destination, Hungary, with a CAGR of +147.2%, recorded 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 2021, the average lamp holder export price amounted to $X per ton, growing by 4.2% against the previous year. Over the period under review, the export price posted a strong expansion. The growth pace was the most rapid in 2018 an increase of 87%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Serbia

In 2022, imports of lamp holders, plugs and sockets into Serbia amounted to X tons, surging by 11% compared with the year before. Over the period under review, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 94%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, lamp holder imports declined to $X in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 102%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest lamp holder supplier to Serbia, accounting for a 0.3% share of total imports. Moreover, lamp holder imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.6% per year) and South Korea (+131.9% per year).

In value terms, Germany ($X) constituted the largest supplier of lamp holders, plugs and sockets to Serbia, comprising 45% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by China, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +39.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+122.1% per year) and China (+16.2% per year).

Import Prices by Country

In 2021, the average lamp holder import price amounted to $X per ton, jumping by 30% against the previous year. Overall, the import price posted a resilient increase. The growth pace was the most rapid in 2013 when the average import price increased by 40%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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