Serbia - Wood Fuel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWood Fuel Price in Serbia - 2023
Contents:
- Wood Fuel Price in Serbia (CIF) - 2022
- Wood Fuel Price in Serbia (FOB) - 2022
- Wood Fuel Imports in Serbia
- Wood Fuel Exports in Serbia
Wood Fuel Price in Serbia (CIF) - 2022
The average wood fuel import price stood at $52 per cubic meter in 2022, with an increase of 12% against the previous year. Overall, the import price showed a buoyant expansion. The growth pace was the most rapid in 2016 an increase of 116% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Croatia ($61 per cubic meter), while the price for Bosnia and Herzegovina totaled $51 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Wood Fuel Price in Serbia (FOB) - 2022
The average wood fuel export price stood at $40 per cubic meter in 2022, surging by 3.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 31%. As a result, the export price reached the peak level of $51 per cubic meter. From 2015 to 2022, the average 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 Switzerland ($153 per cubic meter), while the average price for exports to North Macedonia ($27 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Fuel Imports in Serbia
For the fourth year in a row, Serbia recorded growth in overseas purchases of wood fuel, which increased by 40% to 21K cubic meters in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 125% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, wood fuel imports soared to $1.1M in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 159% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Wood Fuel in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 124 | 275 | 682 | 1,030 | 102.5% |
| Croatia | 0.2 | N/A | 28.2 | 88.4 | 661.7% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 124 | 275 | 711 | 1,119 | 108.2% |
Top Suppliers of Wood Fuel to Serbia in 2022:
- Bosnia and Herzegovina (20.0K cubic meters)
- Croatia (1.4K cubic meters)
Wood Fuel Exports in Serbia
In 2022, exports of wood fuel from Serbia contracted rapidly to 16K cubic meters, dropping by -49.8% on the previous year. In general, exports faced a significant decrease. The smallest decline of -1.1% was in 2021. Over the period under review, the exports reached the maximum at 46K cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, wood fuel exports reduced markedly to $627K in 2022. Over the period under review, exports recorded a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 10%. Over the period under review, the exports attained the maximum at $1.7M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Wood Fuel in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 166 | 197 | 349 | 128 | -8.3% |
| Montenegro | 19.3 | 5.7 | 1.1 | 105 | 75.9% |
| Italy | 692 | 251 | 216 | 98.8 | -47.7% |
| Albania | 101 | 110 | 172 | 89.6 | -3.9% |
| North Macedonia | 377 | 352 | 260 | 86.5 | -38.8% |
| Switzerland | 138 | 139 | 137 | 52.2 | -27.7% |
| Greece | 35.0 | 4.7 | 15.6 | 1.6 | -64.2% |
| Others | 201 | 36.1 | 57.7 | 64.5 | -31.5% |
| Total | 1,729 | 1,096 | 1,209 | 627 | -28.7% |
Top Export Markets for Wood Fuel from Serbia in 2022:
- Bosnia and Herzegovina (4.7K cubic meters)
- Montenegro (3.8K cubic meters)
- North Macedonia (3.2K cubic meters)
- Albania (2.4K cubic meters)
- Italy (1.0K cubic meters)
- Switzerland (0.3K cubic meters)
This report provides an in-depth analysis of the wood fuel market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1627 - Wood fuel, coniferous
- FCL 1628 - Wood fuel, non-coniferous
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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