Wood Manufacturing Market in Serbia 2016-2020

Overview of the wood manufacturing market in Serbia

The wood manufacturing market in Serbia will exhibit steady growth during the forecast period and will be positively affected by the augmented demand for biomass-based energy. In this region, more than 60% of the renewable energy produced is from biomass-based resources and approximately 50% of the raw materials used in the production of biomass-based energy are wood-based materials including sawdust, chopped wood, wood chips, fuel wood, wood pellets, and wood briquettes. The Serbian government’s energy development strategy encompasses the development of renewable sources, which is expected to lead to an increase in the production of biomass-based energy in the country. This preference for biomass-based energy will lead to the high demand for wood-based raw materials that are otherwise discarded as by-products by manufacturers of wood-based products, such as furniture. According to this market research, the wood manufacturing market in Serbia will grow at a moderate CAGR of more than 3% by 2020.

The wood manufacturing market in Serbia will also be affected by the rising demand for furniture from the US. In the US, home, office, and school furniture are the major contributors to the furniture market. Most of the wood-based exported furniture consists of kitchen and office furniture. The strong growth of the furniture market in the US is expected to lead to the subsequent demand for wood-based furniture manufactured in Serbia, which will, in turn, have a positive impact on this market’s growth over the next few years.

Competitive landscape and key vendors

This market is market by the presence of a large number of regional manufacturers. Due to the proliferation of local players, the international players are yet to establish their footprint in the market. To sustain themselves in the market, manufacturers have to collaborate closely with customers to provide customized solutions. Also, major manufacturers compete based on parameters such as pricing, availability, variety, and quality to gain a competitive edge over their peers.

Top manufacturers in this market are -

• Angro-Impex
• MicroTri
• Simpo SIK
• Kolarevic
• Saga Drvo
• Jela Jagodina
• Srbijasume
• Vojvodinašume
• MK-Product

Segmentation by product and analysis of the wood manufacturing market in Serbia

• Veneer sheets and wood-based panels
• Sawmilled and planed wood
• Other wood products (cork and wooden canvas)

In this market research and analysis, the research analysts have observed that the veneer sheets and wood-based panels product segment dominated this market and accounted for a market share of more than 48% during 2015. Veneers can be broadly classified into plywood veneers and decorative veneers. Decorative veneers are primarily used in the furniture and wood-paneling industries. Rising export of wood-based panels to Italy, Germany, Macedonia, and Hungary is a major contributor to the growth of this market segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the wood manufacturing market in Serbia?
• What are the key market trends impacting the growth of the wood manufacturing market in Serbia?
• What are the challenges to market growth?
• Who are the key vendors in wood manufacturing market in Serbia?
• What are the market opportunities and threats faced by the vendors in the wood manufacturing market in Serbia?
• Trending factors influencing the market shares of Serbia.
• What are the key outcomes of the five forces analysis of wood manufacturing market in Serbia?

Technavio also offers customization on reports based on specific client requirement.

Related Reports

• Global Engineered Wood Products Market 2016-2020