Key Market Indicators
Serbian fishing equipment import and export are both set to increase in the next five years, though imports will grow at a slower rate than exports. Imports are projected to reach $1.5 million by 2026, a 4.2% year-on-year decrease from the $1.9 million recorded in 2021. This follows a modest 1.1% year-on-year growth since 2010. In 2021, Serbia ranked 64th for imports, overtaken by Saudi Arabia at $1.9 million. Japan, South Korea, and Singapore ranked 2nd, 3rd, and 4th respectively. Exports from Serbia are set to increase to $4.9 million by 2026, with a year-on-year CAGR of 2.3%. This follows a 9.3% year-on-year growth since 2010. In 2021, Serbia ranked 37th for exports, overtaken by Slovakia at $4.3 million. Japan, the United States, and Malaysia ranked 2nd, 3rd, and 4th respectively.
