Serbia: Handbag Market 2024

Handbag Market Size in Serbia

The Serbian handbag market reduced to $X in 2022, shrinking by X% against the previous year. Overall, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted in the following year.

Handbag Production in Serbia

In value terms, handbag production expanded slightly to $X in 2022 estimated in export price. In general, production posted a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Handbag production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Handbag Exports

Exports from Serbia

Handbag exports from Serbia declined to X units in 2022, reducing by X% on 2021 figures. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, handbag exports skyrocketed to $X in 2022. In general, exports, however, enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X units), Croatia (X units) and North Macedonia (X units) were the main destinations of handbag exports from Serbia, together accounting for X% of total exports. Montenegro, Germany, Bulgaria, Italy and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for handbags exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Montenegro ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

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

Export Prices by Country

In 2022, the average handbag export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, continues to indicate a deep slump. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Croatia ($X 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 Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced a decline.

Handbag Imports

Imports into Serbia

In 2022, approx. X units of handbags were imported into Serbia; which is down by X% compared with 2021 figures. In general, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, handbag imports totaled $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of handbag to Serbia, accounting for a X% share of total imports. Moreover, handbag imports from China exceeded the figures recorded by the second-largest supplier, India (X units), sixfold. Turkey (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of handbags to Serbia, comprising X% of total imports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Turkey (X% per year).

Import Prices by Country

The average handbag import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a deep slump. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cambodia ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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