{ "id": "market_hub/rs_furniture", "slug": "serbia-furniture-market-hub", "title": "Serbia Furniture Market Hub", "description": "Country market hub for the Serbia furniture market, built from Furnilytics indicator pages and reusable supplemental market calculations.", "country": { "name": "Serbia", "geo": "RS", "role": "export-oriented Southeast European furniture market with growing domestic demand" }, "market": { "name": "Furniture", "scope": "Furniture retail, production, consumption, exports, exchange-rate and demand context" }, "generated_at": "2026-07-20T13:49:03.507746+00:00", "market_data_updated_at": "2026-07-20", "refresh_frequency": "monthly", "page": { "canonical_path": "/market/serbia-furniture-market-hub/", "left_navigation": true, "source_reference_style": "numeric_notes", "draft_slug": "serbia-furniture-market-hub", "meta_title": "Serbia Furniture Market Hub | Furnilytics", "meta_description": "Monthly Serbia furniture market hub with consumer demand, retail turnover, production, exports, producer prices, housing, confidence, search and RSD/EUR indicators.", "tags": [ "market-hubs", "#market-hubs", "#mi-markets", "#mi-serbia" ] }, "source_references": [ { "ref": 1, "key": "consumer_market_size", "title": "Serbia Furniture Consumer Market Size", "url": "/indicators/retail/market-size/serbia-furniture-consumer-market-size/", "path": "docs/serbia-furniture-consumer-market-size.json", "role": "Market size", "last_refresh": "2026-07-13" }, { "ref": 2, "key": "retail_turnover", "title": "Serbia Furniture Retail Market Size", "url": "/indicators/retail/market-size/serbia-furniture-retail-turnover/", "path": "docs/serbia-furniture-retail-turnover-yearly.json", "role": "Retail", "last_refresh": "2026-07-01" }, { "ref": 3, "key": "production_turnover", "title": "Serbia Furniture Production Market Size", "url": "/indicators/industry/market-size/serbia-furniture-production-turnover/", "path": "docs/serbia-furniture-production-turnover.json", "role": "Industry", "last_refresh": "2026-07-13" }, { "ref": 4, "key": "producer_price", "title": "Serbia Furniture Producer Price Index", "url": "/indicators/industry/indexes/serbia-furniture-producer-price-index/", "path": "docs/serbia-furniture-producer-price-index.json", "role": "Price pressure", "last_refresh": "2026-07-06" }, { "ref": 5, "key": "exports_yearly", "title": "Serbia Furniture Exports by Year", "url": "/indicators/industry/trade/serbia-furniture-exports/", "path": "docs/industry-serbia-furniture-exports-yearly.json", "role": "Exports", "last_refresh": "2026-07-06" }, { "ref": 6, "key": "exports_by_country", "title": "Serbia Furniture Exports by Country", "url": "/indicators/industry/trade/serbia-furniture-exports-by-country/", "path": "docs/industry-serbia-furniture-exports-by-country.json", "role": "Exports", "last_refresh": "2026-07-06" }, { "ref": 7, "key": "exchange_rate", "title": "RSD per EUR Exchange Rate", "url": "/indicators/macroeconomics/exchange-rates/rsd-eur-exchange-rate/", "path": "docs/rsd-eur-exchange-rate.json", "role": "Currency", "last_refresh": "2026-07-20" }, { "ref": 8, "key": "housing_market_activity", "title": "Serbia Housing Market Activity", "url": "/indicators/macroeconomics/housing/serbia-housing-market-activity/", "path": "docs/housing_market_rs.json", "role": "Macroeconomics", "last_refresh": "2026-07-13" }, { "ref": 9, "key": "consumer_confidence", "title": "Serbia Consumer Confidence", "url": "/indicators/macroeconomics/consumer-sentiment/serbia-consumer-confidence/", "path": "docs/consumer_confidence_rs.json", "role": "Macroeconomics", "last_refresh": "2026-07-13" }, { "ref": 10, "key": "product_search", "title": "Serbia Furniture Product Search Trend", "url": "/indicators/retail/online/serbia-furniture-products-search-trend/", "path": "docs/web_search_trends_product_rs.json", "role": "Retail demand context", "last_refresh": "2026-07-07" } ], "summary": { "headline": "Serbia is an export-oriented Southeast European furniture market with a growing domestic demand base and a meaningful local production role. The Serbia furniture market is shaped by household spending, specialist retail activity, production turnover, exports, housing activity, consumer confidence, online product-search interest and the RSD/EUR exchange rate.", "context": "This monthly refreshed Serbia Furniture Market Hub brings together furniture market data on market size, retail demand, manufacturing activity, producer prices, trade flows, currency movement and macro demand signals in one country briefing.", "purpose": "It helps readers assess Serbian furniture market trends, compare domestic demand with production and export exposure, and understand how local-currency market growth interacts with euro-denominated trade and regional buyer markets." }, "key_measurements": [ { "id": "consumer_market_size", "label": "Consumer market size", "section": "market_size", "indicator_key": "consumer_market_size", "indicator_ref": 1, "period": "2025", "value": 96565.9, "unit": "RSD million", "previous_period": "2024", "previous_value": 85762.7, "change_abs": 10803.2, "change_pct": 12.6, "secondary_value": 823.9, "secondary_unit": "EUR million", "status": "Expanding", "context": "+12.6% annual change" }, { "id": "retail_turnover", "label": "Retail market size", "section": "retail", "indicator_key": "retail_turnover", "indicator_ref": 2, "period": "2025", "value": 58627.9, "unit": "RSD million", "previous_period": "2024", "previous_value": 52072.8, "change_abs": 6555.1, "change_pct": 12.59, "secondary_value": 500.2, "secondary_unit": "EUR million", "short_term_yoy_pct": 12.96, "context": "+13.0% six-month YoY", "status": "Expanding" }, { "id": "production_turnover", "label": "Production market size", "section": "industry", "indicator_key": "production_turnover", "indicator_ref": 3, "period": "2025", "value": 94286.4, "unit": "RSD million", "previous_period": "2024", "previous_value": 97543.5, "change_abs": -3257.1, "change_pct": -3.34, "secondary_value": 804.4, "secondary_unit": "EUR million", "short_term_yoy_pct": -2.08, "status": "Under pressure", "context": "-2.1% six-month YoY" }, { "id": "producer_price", "label": "Producer price index", "section": "industry", "indicator_key": "producer_price", "indicator_ref": 4, "period": "2026-05-01", "value": 121.4, "unit": "Index [2021=100]", "previous_period": "2026-04-01", "previous_value": 121.3, "change_abs": 0.12, "change_pct": 0.1, "yoy_pct": -0.0, "previous_year_value": 121.4, "previous_year_date": "2025-05", "short_term_yoy_pct": 0.39, "status": "Easing pressure", "context": "+0.4 pp six-month YoY" }, { "id": "exports_yearly", "label": "Furniture exports", "section": "supply_chain", "indicator_key": "exports_yearly", "indicator_ref": 5, "period": "2025", "value": 96.55, "unit": "RSD billion", "previous_period": "2024", "previous_value": 87.57, "change_abs": 8.98, "change_pct": 10.25, "secondary_value": 0.82, "secondary_unit": "EUR billion", "export_recent_change_pct": 10.25, "status": "Export growth", "context": "+10.2% latest export change" }, { "id": "export_to_production_ratio", "label": "Export exposure", "section": "supply_chain", "indicator_key": "exports_yearly", "indicator_ref": 5, "period": "2025", "value": 102.4, "unit": "Export share [%]", "derived_from": [ "exports_yearly", "production_turnover" ], "derived_from_refs": [ 5, 3 ], "note": "Derived as annual export value divided by production turnover. Values can differ from a domestic-demand reading because export values and production turnover can differ in scope, margins and re-export activity.", "status": "High export exposure", "context": "exports relative to production turnover" }, { "id": "exchange_rate", "label": "RSD per EUR", "section": "currency", "indicator_key": "exchange_rate", "indicator_ref": 7, "period": "2026-07-01", "value": 117.4, "unit": "RSD per EUR", "previous_period": "2026-06-01", "previous_value": 117.4, "change_abs": -0.01, "change_pct": -0.01, "short_term_yoy_pct": 0.16, "status": "FX broadly stable", "context": "+0.1% YoY" }, { "id": "housing_market_activity", "label": "Housing market activity", "section": "macroeconomics", "indicator_key": "housing_market_activity", "indicator_ref": 8, "period": "2026-05-01", "value": 129.9, "unit": "Index [2019=100]", "previous_period": "2026-04-01", "previous_value": 129.1, "change_abs": 0.77, "change_pct": 0.6, "short_term_yoy_pct": 35.27, "status": "Strong; strong expansion", "context": "+30 pts vs 2019" }, { "id": "consumer_confidence", "label": "Consumer confidence", "section": "macroeconomics", "indicator_key": "consumer_confidence", "indicator_ref": 9, "period": "2026-06-01", "value": -4.2, "unit": "Balance [PP]", "previous_period": "2026-05-01", "previous_value": -4.5, "change_abs": 0.3, "change_pct": 6.67, "short_term_yoy_pct": 14.36, "short_term_change_abs": 0.43, "status": "Recovering", "context": "+0.4 pp six-month change" }, { "id": "product_search", "label": "Product search trend", "section": "retail", "indicator_key": "product_search", "indicator_ref": 10, "period": "2026-05-01", "value": 101.5, "unit": "Index", "previous_period": "2026-04-01", "previous_value": 108.4, "change_abs": -6.92, "change_pct": -6.38, "short_term_yoy_pct": 6.01, "status": "Softening", "context": "32.2% below 2020 peak" } ], "page_content": { "intro": [ "Serbia is an export-oriented Southeast European furniture market with a growing domestic demand base and a meaningful local production role. The Serbia furniture market is shaped by household spending, specialist retail activity, production turnover, exports, housing activity, consumer confidence, online product-search interest and the RSD/EUR exchange rate.", "This monthly refreshed Serbia Furniture Market Hub brings together furniture market data on market size, retail demand, manufacturing activity, producer prices, trade flows, currency movement and macro demand signals in one country briefing.", "It helps readers assess Serbian furniture market trends, compare domestic demand with production and export exposure, and understand how local-currency market growth interacts with euro-denominated trade and regional buyer markets." ], "market_snapshot": [ "Serbia is positioned as an export-oriented Southeast European furniture market, benefiting from rising domestic demand and strong regional trade links. The consumer market size is expanding, reflecting a 12.6% annual increase, which is bolstered by robust retail turnover growth of 13.0% year-on-year. However, production turnover is currently under pressure, indicating potential challenges in meeting both domestic and export demands. This dynamic suggests a need for strategic adjustments in production to align with the growing consumption trends [1].", "Housing market activity remains strong, significantly above pre-2019 levels, which supports ongoing demand for furniture. Despite this positive backdrop, consumer confidence has shown signs of recovery but remains a headwind, reflecting cautious spending behavior. The stable exchange rate against the euro further enhances Serbia's competitiveness in export markets, with furniture exports experiencing a notable 10.2% growth. This interplay between retail demand, production capabilities, and housing activity underscores the evolving landscape of the Serbian furniture market [5]. The latest export trend is +10.2%, which frames the external demand signal for producers. [5]" ], "key_findings": [ "Serbia is an export-oriented Southeast European furniture market with rising domestic demand and relevant regional trade links. Consumer market size is 96,565.9 RSD million [1], while the specialist furniture retail market is 58,627.9 RSD million [2]. The market's current position is best described as expanding with +12.6% annual change.", "Retail demand, production and price pressure need to be read together. Retail is expanding, with +13.0% six-month YoY, while production is under pressure at 94,286.4 RSD million [3], with -2.1% six-month YoY.", "Export exposure is also material at 102.4% [5], with exports relative to production turnover. The macro backdrop is strong; strong expansion, with housing activity at 129.9 index points [8], +30 pts vs 2019. Overall, the market structure links foreign demand, manufacturing pressure and domestic retail momentum." ], "sections": [ { "section_id": "market_size", "title": "Market Size & Consumption", "paragraphs": [ "The consumer market size for furniture in Serbia is currently expanding, with a value of 96,565.9 RSD million (approximately EUR 820 million) and an annual growth rate of 12.6% [1]. This growth reflects a robust demand environment, driven by both export-oriented activities and increasing domestic consumption, positioning Serbia as a significant player in the Southeast European furniture market.", "In 2024, the Serbian furniture market is currently set to reach a size of 85,762.7 RSD million (around EUR 730 million), indicating a strong upward trajectory from previous years [1]. The retail sector is also experiencing positive momentum, with year-on-year growth rates of 13.5% and 12.4% in recent periods, suggesting a healthy retail landscape that supports both production and consumption dynamics in the country." ], "indicator_refs": [ 1 ] }, { "section_id": "retail", "title": "Retail & Demand", "paragraphs": [ "The Serbian furniture retail market is currently expanding, with a retail market size reaching 58,627.9 RSD million (approximately EUR 496 million), reflecting a 13.0% increase year-over-year [2]. This growth indicates a robust domestic demand, which is crucial for the overall health of the furniture sector, particularly as Serbia positions itself as an export-oriented market within Southeast Europe.", "Despite the positive retail growth, the product search trend has softened, currently at 101.5 index points, which is 32.2% below the peak observed in 2020 [10]. This decline suggests a potential weakening in consumer interest or market saturation, which could impact future demand dynamics. The contrasting trends between retail expansion and product search indicate a complex market environment that requires careful monitoring to align production and supply strategies effectively." ], "indicator_refs": [ 2, 10 ] }, { "section_id": "industry", "title": "Industry & Production", "paragraphs": [ "The Serbian furniture market is currently experiencing pressure, with a production market size of 94,286.4 RSD million (approximately EUR 800 million) reflecting a -2.1% decline year-on-year over the past six months [3]. This downturn indicates a challenging environment for producers, as domestic demand grows but is not yet sufficient to offset the pressures faced in production and retail sectors. The producer price index stands at 121.4 index points, showing easing pressure with a slight increase of +0.4 percentage points year-on-year [4].", "Despite the current challenges, the long-term outlook for Serbia's furniture production remains positive, with projections indicating a significant increase in turnover to 97,543.5 RSD million (around EUR 840 million) by 2024 [3]. This current growth suggests a potential recovery phase, driven by both export-oriented strategies and increasing domestic consumption. However, the recent -2.2% year-on-year change in production metrics highlights the need for strategic adjustments to stabilize the market and harness the growing domestic demand effectively [3]." ], "indicator_refs": [ 3, 4 ] }, { "section_id": "supply_chain", "title": "Trade & Competitiveness", "paragraphs": [ "Serbia's furniture market is characterized by a robust export orientation, with furniture exports reaching 96.5 RSD billion (approximately EUR 820 million), reflecting a notable export growth of 10.2% [5]. This high export exposure, indicated by an export to production ratio of 102.4%, underscores the critical role of international markets in driving domestic production and economic stability [5].", "The concentration of Serbia's furniture exports is evident, with significant shares directed towards key partners such as the Czech Republic (20.5%) and Germany (11.8%) [6]. This strategic exposure to a limited number of markets may pose risks, yet it also highlights opportunities for targeted growth and enhanced competitiveness in the Southeast European furniture sector, particularly as domestic demand continues to grow." ], "indicator_refs": [ 5, 6, 3 ] }, { "section_id": "currency", "title": "Currency & Exchange Rate", "paragraphs": [ "The Serbian furniture market is currently characterized by a stable exchange rate, with the RSD per EUR valued at 117.4 RSD per EUR, reflecting a slight increase of 0.1% year-on-year [7]. This stability is crucial for both domestic demand and export-oriented production, as it mitigates currency risk for manufacturers and retailers engaged in international trade.", "In the context of Serbia's growing domestic demand for furniture, the stable exchange rate supports consumer purchasing power and encourages investment in local production [7]. As the market continues to evolve, maintaining this stability will be essential for sustaining export competitiveness and meeting the increasing needs of the domestic market." ], "indicator_refs": [ 7 ] }, { "section_id": "macroeconomics", "title": "Macroeconomics", "paragraphs": [ "Serbia's furniture market is currently characterized by strong housing market activity, registering 129.9 index points, which indicates robust expansion and a significant increase of 30 points compared to 2019 [8]. This growth in housing activity is likely to stimulate demand for furniture, as increased housing transactions typically correlate with higher consumption of home furnishings, thereby benefiting both domestic production and retail sectors.", "Consumer confidence in Serbia is on a recovery path, currently at -4.2 points, reflecting a slight improvement of 0.4 percentage points over the past six months [9]. This gradual recovery may enhance consumer spending in the furniture market, supporting both retail and production as households become more willing to invest in home improvements and furnishings. The interplay between strong housing market activity and recovering consumer sentiment suggests a favorable environment for the furniture sector in the near term." ], "indicator_refs": [ 8, 9 ] } ], "methodology_note": "This market hub combines multiple Furnilytics indicators into a single country-level furniture market overview. The source layer includes linked indicator pages for demand, specialist retail turnover, production, trade, pricing and macroeconomic context, plus deterministic supplemental calculations where the hub needs comparable market structure metrics. Consumer market size captures household furniture spending, while retail market size captures specialist furniture-store turnover; production and trade metrics describe the industry and supply side. Detailed source notes, definitions, chart payloads, latest-data tables and methodology explanations remain available on the underlying indicator pages listed in the Sources section.", "faq": [ { "question": "What does the Serbia Furniture Market Hub cover?", "answer": "The Serbia Furniture Market Hub brings together the main indicators needed to assess Serbia as a furniture demand market, specialist retail market, production base and export-linked furniture economy." }, { "question": "Why are production and exports important for Serbia?", "answer": "Serbia has a relevant domestic furniture industry with meaningful foreign buyer exposure. Production and export indicators help show whether manufacturing activity is linked to local demand, international demand or both." }, { "question": "What is the difference between consumer market size and retail market size?", "answer": "Consumer market size captures household furniture spending. Retail market size captures specialist furniture-store turnover, so the scope can differ by product mix and sales channel." }, { "question": "Why are values shown primarily in Serbian dinar?", "answer": "Serbian dinar is the local-market currency and gives the clearest view of domestic turnover, production value and local demand. Euro values remain useful for international comparison and trade analysis where the underlying indicators include euro-adjusted fields." }, { "question": "Why is the RSD/EUR exchange rate included?", "answer": "The RSD/EUR exchange rate affects euro-denominated comparisons, export competitiveness and the translation of Serbian furniture market values." }, { "question": "How should Serbia trade indicators be interpreted?", "answer": "Exports show Serbia's exposure to foreign buyer markets, regional furniture demand and the international demand signal behind the domestic production base." }, { "question": "How often is the Serbia Furniture Market Hub updated?", "answer": "The Serbia hub is designed to refresh monthly when the underlying indicators and market-hub calculations are updated." }, { "question": "Where does the Serbia market data come from?", "answer": "The hub is built from linked Furnilytics indicator pages covering Serbian furniture demand, retail, production, prices, trade, currency and macroeconomic context." }, { "question": "How current is the market hub data?", "answer": "Most monthly indicators in the market hub are generally published with about a three-month reporting lag. Annual market-size indicators can follow a separate source schedule and update when full-year data becomes available." } ], "generation": { "mode": "ai_sectioned", "ai_blocks": [ { "block": "market_snapshot", "model": "gpt-4o-mini", "attempt": 1 }, { "block": "section:market_size", "model": "gpt-4o-mini", "attempt": 1 }, { "block": "section:retail", "model": "gpt-4o-mini", "attempt": 1 }, { "block": "section:industry", "model": "gpt-4o-mini", "attempt": 1 }, { "block": "section:supply_chain", "model": "gpt-4o-mini", "attempt": 1 }, { "block": "section:currency", "model": "gpt-4o-mini", "attempt": 1 }, { "block": "section:macroeconomics", "model": "gpt-4o-mini", "attempt": 1 } ], "fallback_blocks": [] } }, "sections": [ { "id": "summary", "title": "Summary", "summary": "Key measurements for the Serbia furniture market.", "main_indicator": "", "main_graph": null, "extra_graphs": [], "metric_card_ids": [ "consumer_market_size", "retail_turnover", "production_turnover", "producer_price", "exports_yearly", "export_to_production_ratio", "housing_market_activity" ], "supplemental_table_ids": [], "indicator_refs": [ 1, 2, 3, 4, 5, 6, 8 ] }, { "id": "market_size", "title": "Market Size & Consumption", "summary": "Buyer-side furniture demand in Serbian dinar with euro comparison context.", "main_indicator": "consumer_market_size", "main_graph": { "id": "consumer_market_size_main_graph", "indicator_key": "consumer_market_size", "indicator_ref": 1, "title": "Serbia Furniture Consumer Market Size", "chart_type": "bar", "series_type": "single", "x_axis_label": "", "y_axis_label": "RSD million", "legend": false, "data": [ { "x_axis": "2015", "value": 30372.4, "value_label": 30372.4, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 30372.4, "cur": "RSD", "local_currency": "RSD", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018", "value_original": 251.5 }, { "x_axis": "2016", "value": 31624.9, "value_label": 31624.9, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 31624.9, "cur": "RSD", "local_currency": "RSD", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018", "value_original": 257.0 }, { "x_axis": "2017", "value": 34102.4, "value_label": 34102.4, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 34102.4, "cur": "RSD", "local_currency": "RSD", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018", "value_original": 280.1 }, { "x_axis": "2018", "value": 38612.1, "value_label": 38612.1, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 38612.1, "cur": "RSD", "local_currency": "RSD", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018", "value_original": 326.4 }, { "x_axis": "2019", "value": 43156.8, "value_label": 43156.8, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 43156.8, "cur": "RSD", "local_currency": "RSD", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018", "value_original": 366.0 }, { "x_axis": "2020", "value": 47547.7, "value_label": 47547.7, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 47547.7, "cur": "RSD", "local_currency": "RSD", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018", "value_original": 404.4 }, { "x_axis": "2021", "value": 57270.2, "value_label": 57270.2, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 57270.2, "cur": "RSD", "local_currency": "RSD", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018", "value_original": 487.1 }, { "x_axis": "2022", "value": 65192.3, "value_label": 65192.3, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 65192.3, "cur": "RSD", "local_currency": "RSD", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018", "value_original": 554.9 }, { "x_axis": "2023", "value": 78381.1, "value_label": 78381.1, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 78381.1, "cur": "RSD", "local_currency": "RSD", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018", "value_original": 668.5 }, { "x_axis": "2024", "value": 85762.7, "value_label": 85762.7, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 85762.7, "cur": "RSD", "local_currency": "RSD", "classification": "COICOP 2018 CP051", "source_method": "eurostat_coicop_2018", "value_original": 732.3 }, { "x_axis": "2025", "value": 96565.9, "value_label": 96565.9, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 96565.9, "cur": "RSD", "local_currency": "RSD", "classification": "COICOP 2018 CP051", "source_method": "retail_turnover_nowcast", "value_original": 823.9 } ], "source_url": "/indicators/retail/market-size/serbia-furniture-consumer-market-size/", "currency_options": { "default": "RSD", "series": { "RSD": { "field": "value_local", "axisLabel": "RSD million" }, "EUR": { "field": "value", "axisLabel": "EUR million" } } } }, "extra_graphs": [], "metric_card_ids": [ "consumer_market_size" ], "supplemental_table_ids": [ "consumer_market_size_peer_comparison", "consumer_expenditure_per_capita_peer_comparison", "retail_latest_rows" ], "indicator_refs": [ 1 ] }, { "id": "retail", "title": "Retail & Demand", "summary": "Specialist furniture retail turnover, online product-search interest and household demand context.", "main_indicator": "retail_turnover", "main_graph": { "id": "retail_turnover_main_graph", "indicator_key": "retail_turnover", "indicator_ref": 2, "title": "Serbia Furniture Retail Market Size", "chart_type": "bar", "series_type": "single", "x_axis_label": "", "y_axis_label": "RSD million", "legend": false, "data": [ { "x_axis": "2016", "value": 12133.1, "value_label": 12133.1, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 12133.1, "value_eur": 98.6, "cur": "RSD", "source_basis": "eurostat_sbs_g4759", "months_available": null, "value_original": 12133.1 }, { "x_axis": "2017", "value": 14573.6, "value_label": 14573.6, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 14573.6, "value_eur": 119.7, "cur": "RSD", "source_basis": "eurostat_sbs_g4759", "months_available": null, "value_original": 14573.6 }, { "x_axis": "2018", "value": 22630.3, "value_label": 22630.3, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 22630.3, "value_eur": 191.3, "cur": "RSD", "source_basis": "eurostat_sbs_g4759", "months_available": null, "value_original": 22630.3 }, { "x_axis": "2019", "value": 15930.3, "value_label": 15930.3, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 15930.3, "value_eur": 135.1, "cur": "RSD", "source_basis": "eurostat_sbs_g4759", "months_available": null, "value_original": 15930.3 }, { "x_axis": "2020", "value": 24526.4, "value_label": 24526.4, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 24526.4, "value_eur": 208.6, "cur": "RSD", "source_basis": "eurostat_sbs_g4759", "months_available": null, "value_original": 24526.4 }, { "x_axis": "2021", "value": 37365.1, "value_label": 37365.1, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 37365.1, "value_eur": 317.8, "cur": "RSD", "source_basis": "eurostat_sbs_g4759", "months_available": null, "value_original": 37365.1 }, { "x_axis": "2022", "value": 43081.6, "value_label": 43081.6, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 43081.6, "value_eur": 366.7, "cur": "RSD", "source_basis": "eurostat_sbs_g4759", "months_available": null, "value_original": 43081.6 }, { "x_axis": "2023", "value": 47016.8, "value_label": 47016.8, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 47016.8, "value_eur": 401.0, "cur": "RSD", "source_basis": "eurostat_sbs_g4759", "months_available": null, "value_original": 47016.8 }, { "x_axis": "2024", "value": 52072.8, "value_label": 52072.8, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 52072.8, "value_eur": 444.6, "cur": "RSD", "source_basis": "nowcast_from_rzs_coicop_0500_consumption", "months_available": null, "value_original": 52072.8 }, { "x_axis": "2025", "value": 58627.9, "value_label": 58627.9, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_local": 58627.9, "value_eur": 500.2, "cur": "RSD", "source_basis": "nowcast_from_rzs_coicop_0500_consumption", "months_available": null, "value_original": 58627.9 } ], "source_url": "/indicators/retail/market-size/serbia-furniture-retail-turnover/", "currency_options": { "default": "RSD", "series": { "RSD": { "field": "value_local", "axisLabel": "RSD million" }, "EUR": { "field": "value_eur", "axisLabel": "EUR million" } } } }, "extra_graphs": [], "metric_card_ids": [ "retail_turnover", "product_search" ], "supplemental_table_ids": [ "retail_latest_rows", "product_search_latest_rows" ], "indicator_refs": [ 2, 10 ] }, { "id": "industry", "title": "Industry & Production", "summary": "Production turnover and producer-price pressure show Serbia furniture manufacturing conditions.", "main_indicator": "production_turnover", "main_graph": { "id": "production_turnover_main_graph", "indicator_key": "production_turnover", "indicator_ref": 3, "title": "Serbia Furniture Production Turnover", "chart_type": "bar", "series_type": "single", "x_axis_label": "", "y_axis_label": "RSD million", "legend": false, "data": [ { "x_axis": "2016", "value": 40937.3, "value_label": 40937.3, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_nominal": 332.5, "cur": "RSD", "local_currency": "RSD", "value_nominal_local": 40937.3, "value_local": 40937.3, "source_basis": "eurostat_c31_sbs", "value_original": 40937.3 }, { "x_axis": "2017", "value": 45026.3, "value_label": 45026.3, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_nominal": 370.2, "cur": "RSD", "local_currency": "RSD", "value_nominal_local": 45026.3, "value_local": 45026.3, "source_basis": "eurostat_c31_sbs", "value_original": 45026.3 }, { "x_axis": "2018", "value": 49434.6, "value_label": 49434.6, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_nominal": 417.9, "cur": "RSD", "local_currency": "RSD", "value_nominal_local": 49434.6, "value_local": 49434.6, "source_basis": "eurostat_c31_sbs", "value_original": 49434.6 }, { "x_axis": "2019", "value": 61528.8, "value_label": 61528.8, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_nominal": 521.9, "cur": "RSD", "local_currency": "RSD", "value_nominal_local": 61528.8, "value_local": 61528.8, "source_basis": "eurostat_c31_sbs", "value_original": 61528.8 }, { "x_axis": "2020", "value": 66586.3, "value_label": 66586.3, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_nominal": 566.3, "cur": "RSD", "local_currency": "RSD", "value_nominal_local": 66586.3, "value_local": 66586.3, "source_basis": "eurostat_c31_sbs", "value_original": 66586.3 }, { "x_axis": "2021", "value": 83163.3, "value_label": 83163.3, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_nominal": 707.3, "cur": "RSD", "local_currency": "RSD", "value_nominal_local": 83163.3, "value_local": 83163.3, "source_basis": "eurostat_c31_sbs", "value_original": 83163.3 }, { "x_axis": "2022", "value": 97408.2, "value_label": 97408.2, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_nominal": 829.2, "cur": "RSD", "local_currency": "RSD", "value_nominal_local": 97408.2, "value_local": 97408.2, "source_basis": "eurostat_c31_sbs", "value_original": 97408.2 }, { "x_axis": "2023", "value": 98525.4, "value_label": 98525.4, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_nominal": 840.3, "cur": "RSD", "local_currency": "RSD", "value_nominal_local": 98525.4, "value_local": 98525.4, "source_basis": "eurostat_c31_sbs", "value_original": 98525.4 }, { "x_axis": "2024", "value": 97543.5, "value_label": 97543.5, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_nominal": 832.9, "cur": "RSD", "local_currency": "RSD", "value_nominal_local": 97543.5, "value_local": 97543.5, "source_basis": "rzs_monthly_nowcast_complete_year", "value_original": 97543.5 }, { "x_axis": "2025", "value": 94286.4, "value_label": 94286.4, "comment": "", "is_preliminary": false, "style_hint": "solid", "fill_hint": "solid", "value_nominal": 804.4, "cur": "RSD", "local_currency": "RSD", "value_nominal_local": 94286.4, "value_local": 94286.4, "source_basis": "rzs_monthly_nowcast_complete_year", "value_original": 94286.4 } ], "source_url": "/indicators/industry/market-size/serbia-furniture-production-turnover/", "currency_options": { "default": "RSD", "series": { "RSD": { "field": "value_local", "axisLabel": "RSD million" }, "EUR": { "field": "value_nominal", "axisLabel": "EUR million" } } } }, "extra_graphs": [], "metric_card_ids": [ "production_turnover", "producer_price" ], "supplemental_table_ids": [ "production_latest_rows", "ppi_peer_six_month_yoy" ], "indicator_refs": [ 3, 4 ] }, { "id": "supply_chain", "title": "Trade & Competitiveness", "summary": "Export value and destination markets show Serbia's furniture trade position.", "main_indicator": "exports_by_country", "main_graph": { "id": "exports_by_country_main_graph", "indicator_key": "exports_by_country", "indicator_ref": 6, "title": "Serbia Furniture Exports by Country", "chart_type": "pie", "series_type": "single", "x_axis_label": "", "y_axis_label": "Share of exports", "legend": false, "data": [ { "name": "CZ", "label": "CZ", "value": 0.2052 }, { "name": "DE", "label": "DE", "value": 0.1181 }, { "name": "IT", "label": "IT", "value": 0.1137 }, { "name": "PL", "label": "PL", "value": 0.0743 }, { "name": "RO", "label": "RO", "value": 0.058 }, { "name": "ME", "label": "ME", "value": 0.0497 }, { "name": "HR", "label": "HR", "value": 0.0452 }, { "name": "FR", "label": "FR", "value": 0.0413 }, { "name": "BA", "label": "BA", "value": 0.0362 }, { "name": "CH", "label": "CH", "value": 0.0272 }, { "name": "Others", "label": "Others", "value": 0.231 } ], "source_url": "/indicators/industry/trade/serbia-furniture-exports-by-country/" }, "extra_graphs": [], "metric_card_ids": [ "export_to_production_ratio", "exports_yearly" ], "supplemental_table_ids": [ "exports_monthly_latest_rows", "exports_latest_rows", "export_partner_latest_rows" ], "indicator_refs": [ 5, 6, 3 ] }, { "id": "currency", "title": "Currency & Exchange Rate", "summary": "The RSD/EUR exchange rate frames euro comparisons and export competitiveness.", "main_indicator": "exchange_rate", "main_graph": { "id": "exchange_rate_main_graph", "indicator_key": "exchange_rate", "indicator_ref": 7, "title": "RSD per EUR Exchange Rate", "chart_type": "line", "series_type": "single", "x_axis_label": "", "y_axis_label": "RSD per EUR", "legend": false, "data": [ { "date": "2015-01-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.689, "eur_per_currency": 0.00828576, "value": 120.689, "observations": 1, "value_eur": 120.689 }, { "date": "2015-02-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.413, "eur_per_currency": 0.00810287, "value": 123.413, "observations": 1, "value_eur": 123.413 }, { "date": "2015-03-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.238, "eur_per_currency": 0.00831684, "value": 120.238, "observations": 1, "value_eur": 120.238 }, { "date": "2015-04-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.633, "eur_per_currency": 0.00828961, "value": 120.633, "observations": 1, "value_eur": 120.633 }, { "date": "2015-05-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.812, "eur_per_currency": 0.00827732, "value": 120.812, "observations": 1, "value_eur": 120.812 }, { "date": "2015-06-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.842, "eur_per_currency": 0.00827527, "value": 120.842, "observations": 1, "value_eur": 120.842 }, { "date": "2015-07-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.422, "eur_per_currency": 0.00830413, "value": 120.422, "observations": 1, "value_eur": 120.422 }, { "date": "2015-08-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.222, "eur_per_currency": 0.00831795, "value": 120.222, "observations": 1, "value_eur": 120.222 }, { "date": "2015-09-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.65, "eur_per_currency": 0.00828844, "value": 120.65, "observations": 1, "value_eur": 120.65 }, { "date": "2015-10-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.034, "eur_per_currency": 0.00833097, "value": 120.034, "observations": 1, "value_eur": 120.034 }, { "date": "2015-11-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.275, "eur_per_currency": 0.00831428, "value": 120.275, "observations": 1, "value_eur": 120.275 }, { "date": "2015-12-01", "year": 2015, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.951, "eur_per_currency": 0.00826781, "value": 120.951, "observations": 1, "value_eur": 120.951 }, { "date": "2016-01-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 121.334, "eur_per_currency": 0.00824171, "value": 121.334, "observations": 1, "value_eur": 121.334 }, { "date": "2016-02-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.063, "eur_per_currency": 0.00812592, "value": 123.063, "observations": 1, "value_eur": 123.063 }, { "date": "2016-03-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.374, "eur_per_currency": 0.00810544, "value": 123.374, "observations": 1, "value_eur": 123.374 }, { "date": "2016-04-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 122.595, "eur_per_currency": 0.00815694, "value": 122.595, "observations": 1, "value_eur": 122.595 }, { "date": "2016-05-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 122.8273, "eur_per_currency": 0.00814151, "value": 122.8273, "observations": 1, "value_eur": 122.8273 }, { "date": "2016-06-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.0261, "eur_per_currency": 0.00812836, "value": 123.0261, "observations": 1, "value_eur": 123.0261 }, { "date": "2016-07-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.9531, "eur_per_currency": 0.00806757, "value": 123.9531, "observations": 1, "value_eur": 123.9531 }, { "date": "2016-08-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.4497, "eur_per_currency": 0.00810047, "value": 123.4497, "observations": 1, "value_eur": 123.4497 }, { "date": "2016-09-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.3789, "eur_per_currency": 0.00810511, "value": 123.3789, "observations": 1, "value_eur": 123.3789 }, { "date": "2016-10-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.1719, "eur_per_currency": 0.00811873, "value": 123.1719, "observations": 1, "value_eur": 123.1719 }, { "date": "2016-11-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.1973, "eur_per_currency": 0.00811706, "value": 123.1973, "observations": 1, "value_eur": 123.1973 }, { "date": "2016-12-01", "year": 2016, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.2784, "eur_per_currency": 0.00811172, "value": 123.2784, "observations": 1, "value_eur": 123.2784 }, { "date": "2017-01-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.4423, "eur_per_currency": 0.00810095, "value": 123.4423, "observations": 1, "value_eur": 123.4423 }, { "date": "2017-02-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.9234, "eur_per_currency": 0.0080695, "value": 123.9234, "observations": 1, "value_eur": 123.9234 }, { "date": "2017-03-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.9458, "eur_per_currency": 0.00806804, "value": 123.9458, "observations": 1, "value_eur": 123.9458 }, { "date": "2017-04-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.9949, "eur_per_currency": 0.00806485, "value": 123.9949, "observations": 1, "value_eur": 123.9949 }, { "date": "2017-05-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 123.4583, "eur_per_currency": 0.0080999, "value": 123.4583, "observations": 1, "value_eur": 123.4583 }, { "date": "2017-06-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 122.7691, "eur_per_currency": 0.00814537, "value": 122.7691, "observations": 1, "value_eur": 122.7691 }, { "date": "2017-07-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 121.3203, "eur_per_currency": 0.00824264, "value": 121.3203, "observations": 1, "value_eur": 121.3203 }, { "date": "2017-08-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 120.6229, "eur_per_currency": 0.0082903, "value": 120.6229, "observations": 1, "value_eur": 120.6229 }, { "date": "2017-09-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 119.2134, "eur_per_currency": 0.00838832, "value": 119.2134, "observations": 1, "value_eur": 119.2134 }, { "date": "2017-10-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 119.3972, "eur_per_currency": 0.00837541, "value": 119.3972, "observations": 1, "value_eur": 119.3972 }, { "date": "2017-11-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 119.49, "eur_per_currency": 0.0083689, "value": 119.49, "observations": 1, "value_eur": 119.49 }, { "date": "2017-12-01", "year": 2017, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 119.4323, "eur_per_currency": 0.00837294, "value": 119.4323, "observations": 1, "value_eur": 119.4323 }, { "date": "2018-01-01", "year": 2018, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 118.2934, "eur_per_currency": 0.00845356, "value": 118.2934, "observations": 1, "value_eur": 118.2934 }, { "date": "2018-02-01", "year": 2018, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 118.6244, "eur_per_currency": 0.00842997, "value": 118.6244, "observations": 1, "value_eur": 118.6244 }, { "date": "2018-03-01", "year": 2018, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", 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"observations": 1, "value_eur": 117.425 }, { "date": "2026-04-01", "year": 2026, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 117.385, "eur_per_currency": 0.00851898, "value": 117.385, "observations": 1, "value_eur": 117.385 }, { "date": "2026-05-01", "year": 2026, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 117.42, "eur_per_currency": 0.00851644, "value": 117.42, "observations": 1, "value_eur": 117.42 }, { "date": "2026-06-01", "year": 2026, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 117.39, "eur_per_currency": 0.00851861, "value": 117.39, "observations": 1, "value_eur": 117.39 }, { "date": "2026-07-01", "year": 2026, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 117.38, "eur_per_currency": 0.00851934, "value": 117.38, "observations": 1, "value_eur": 117.38 } ], "source_url": "/indicators/macroeconomics/exchange-rates/rsd-eur-exchange-rate/" }, "extra_graphs": [], "metric_card_ids": [ "exchange_rate" ], "supplemental_table_ids": [ "exchange_rate_latest_rows" ], "indicator_refs": [ 7 ] }, { "id": "macroeconomics", "title": "Macroeconomics", "summary": "Housing activity and consumer confidence give demand context for furniture, kitchens and home-related categories.", "main_indicator": "housing_market_activity", "main_graph": { "id": "housing_market_activity_main_graph", "indicator_key": "housing_market_activity", "indicator_ref": 8, "title": "Serbia Housing Market Activity", "chart_type": "line", "series_type": "single", "x_axis_label": "", "y_axis_label": "Index [2019=100]", "legend": false, "data": [ { "date": "2015-03-01", "geo": "RS", "value": 33.48 }, { "date": "2015-04-01", "geo": "RS", "value": 45.77 }, { "date": "2015-05-01", "geo": "RS", "value": 46.55 }, { "date": "2015-06-01", "geo": "RS", "value": 48.97 }, { "date": "2015-07-01", "geo": "RS", 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"date": "2018-08-01", "geo": "RS", "value": 71.26 }, { "date": "2018-09-01", "geo": "RS", "value": 68.72 }, { "date": "2018-10-01", "geo": "RS", "value": 76.22 }, { "date": "2018-11-01", "geo": "RS", "value": 76.63 }, { "date": "2018-12-01", "geo": "RS", "value": 76.41 }, { "date": "2019-01-01", "geo": "RS", "value": 76.88 }, { "date": "2019-02-01", "geo": "RS", "value": 75.57 }, { "date": "2019-03-01", "geo": "RS", "value": 76.72 }, { "date": "2019-04-01", "geo": "RS", "value": 72.24 }, { "date": "2019-05-01", "geo": "RS", "value": 80.69 }, { "date": "2019-06-01", "geo": "RS", "value": 107.05 }, { "date": "2019-07-01", "geo": "RS", "value": 122.26 }, { "date": "2019-08-01", "geo": "RS", "value": 123.66 }, { "date": "2019-09-01", "geo": "RS", "value": 123.25 }, { "date": "2019-10-01", "geo": "RS", "value": 128.03 }, { "date": "2019-11-01", "geo": "RS", "value": 119.61 }, { "date": "2019-12-01", "geo": "RS", "value": 94.04 }, { "date": "2020-01-01", "geo": "RS", "value": 87.79 }, { 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"geo": "RS", "value": 83.58 }, { "date": "2024-09-01", "geo": "RS", "value": 84.46 }, { "date": "2024-10-01", "geo": "RS", "value": 92.35 }, { "date": "2024-11-01", "geo": "RS", "value": 93.61 }, { "date": "2024-12-01", "geo": "RS", "value": 99.32 }, { "date": "2025-01-01", "geo": "RS", "value": 91.02 }, { "date": "2025-02-01", "geo": "RS", "value": 91.4 }, { "date": "2025-03-01", "geo": "RS", "value": 93.26 }, { "date": "2025-04-01", "geo": "RS", "value": 98.37 }, { "date": "2025-05-01", "geo": "RS", "value": 101.12 }, { "date": "2025-06-01", "geo": "RS", "value": 101.33 }, { "date": "2025-07-01", "geo": "RS", "value": 98.84 }, { "date": "2025-08-01", "geo": "RS", "value": 100.89 }, { "date": "2025-09-01", "geo": "RS", "value": 105.84 }, { "date": "2025-10-01", "geo": "RS", "value": 125.18 }, { "date": "2025-11-01", "geo": "RS", "value": 126.15 }, { "date": "2025-12-01", "geo": "RS", "value": 129.15 }, { "date": "2026-01-01", "geo": "RS", "value": 129.41 }, { "date": "2026-02-01", "geo": "RS", "value": 130.53 }, { "date": "2026-03-01", "geo": "RS", "value": 129.08 }, { "date": "2026-04-01", "geo": "RS", "value": 129.1 }, { "date": "2026-05-01", "geo": "RS", "value": 129.87 } ], "source_url": "/indicators/macroeconomics/housing/serbia-housing-market-activity/" }, "extra_graphs": [], "metric_card_ids": [ "housing_market_activity", "consumer_confidence" ], "supplemental_table_ids": [], "indicator_refs": [ 8, 9 ] } ], "supplemental_tables": [ { "id": "consumer_market_size_peer_comparison", "title": "Consumer market size peer comparison", "summary": "Consumer market size peer comparison", "indicator_key": "consumer_market_size", "indicator_ref": 1, "source_table_id": "consumer_market_size_peer_comparison", "columns": [ "name", "label", "year", "value_local", "value", "cur", "local_currency" ], "rows": [ { "name": "Germany", "label": "DE", "value": 39173.0, "year": "2024", "period_label": "2024", "previous_year": "2023", "previous_value": 40579.0, "value_local": null, 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5089.2, "previous_year_date": "2024-12" }, { "date": "2026-01-01", "geo": "RS", "value": 4467.498, "value_local": 4467.498, "value_eur": 38.081, "cur": "RSD", "local_currency": "RSD", "source_dataset_id": "retail/market_size/rs_furniture_retail_turnover_monthly", "source_frequency": "monthly", "yoy_pct": 11.2, "previous_year_value": 4018.5, "previous_year_date": "2025-01" }, { "date": "2026-02-01", "geo": "RS", "value": 4251.404, "value_local": 4251.404, "value_eur": 36.213, "cur": "RSD", "local_currency": "RSD", "source_dataset_id": "retail/market_size/rs_furniture_retail_turnover_monthly", "source_frequency": "monthly", "yoy_pct": 8.5, "previous_year_value": 3918.6, "previous_year_date": "2025-02" }, { "date": "2026-03-01", "geo": "RS", "value": 5216.968, "value_local": 5216.968, "value_eur": 44.428, "cur": "RSD", "local_currency": "RSD", "source_dataset_id": "retail/market_size/rs_furniture_retail_turnover_monthly", "source_frequency": "monthly", "yoy_pct": 17.8, 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"exchange_rate_latest_rows", "title": "RSD/EUR exchange rate latest months", "summary": "", "indicator_key": "exchange_rate", "indicator_ref": 7, "columns": [ "date", "value" ], "rows": [ { "date": "2026-02-01", "year": 2026, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 117.4, "eur_per_currency": 0.00851789, "value": 117.4, "observations": 1, "value_eur": 117.4 }, { "date": "2026-03-01", "year": 2026, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 117.425, "eur_per_currency": 0.00851607, "value": 117.425, "observations": 1, "value_eur": 117.425 }, { "date": "2026-04-01", "year": 2026, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 117.385, "eur_per_currency": 0.00851898, "value": 117.385, "observations": 1, "value_eur": 117.385 }, { "date": "2026-05-01", "year": 2026, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 117.42, "eur_per_currency": 0.00851644, "value": 117.42, "observations": 1, "value_eur": 117.42 }, { "date": "2026-06-01", "year": 2026, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 117.39, "eur_per_currency": 0.00851861, "value": 117.39, "observations": 1, "value_eur": 117.39 }, { "date": "2026-07-01", "year": 2026, "frequency": "monthly", "currency": "RSD", "currency_name": "Serbian dinar", "currency_per_eur": 117.38, "eur_per_currency": 0.00851934, "value": 117.38, "observations": 1, "value_eur": 117.38 } ] } ], "crawl": { "type": "country_furniture_market_hub", "canonical_url": "https://www.furnilytics.com/market/serbia-furniture-market-hub/", "json_url": "https://data.furnilytics.com/market-hubs/serbia-furniture-market-hub.json", "title": "Serbia Furniture Market Hub", "meta_title": "Serbia Furniture Market Hub | Furnilytics", "meta_description": "Monthly Serbia furniture market hub with consumer demand, retail turnover, production, exports, producer prices, housing, confidence, search and RSD/EUR indicators.", "country": { "name": "Serbia", "geo": "RS", "role": "export-oriented Southeast European furniture market with growing domestic demand" }, "market": { "name": "Furniture", "scope": "Furniture retail, production, consumption, exports, exchange-rate and demand context" }, "market_data_updated_at": "2026-07-20", "refresh_frequency": "monthly", "executive_summary": "Serbia is positioned as an export-oriented Southeast European furniture market, benefiting from rising domestic demand and strong regional trade links. The consumer market size is expanding, reflecting a 12.6% annual increase, which is bolstered by robust retail turnover growth of 13.0% year-on-year. However, production turnover is currently under pressure, indicating potential challenges in meeting both domestic and export demands. This dynamic suggests a need for strategic adjustments in production to align with the growing consumption trends [1]. Housing market activity remains strong, significantly above pre-2019 levels, which supports ongoing demand for furniture. Despite this positive backdrop, consumer confidence has shown signs of recovery but remains a headwind, reflecting cautious spending behavior. The stable exchange rate against the euro further enhances Serbia's competitiveness in export markets, with furniture exports experiencing a notable 10.2% growth. This interplay between retail demand, production capabilities, and housing activity underscores the evolving landscape of the Serbian furniture market [5]. The latest export trend is +10.2%, which frames the external demand signal for producers. [5]", "key_measurements": [ { "metric": "Consumer market size", "latest_value": "96,565.9 RSD million", "status": "Expanding", "context": "+12.6% annual change", "source_ref": 1 }, { "metric": "Retail market size", "latest_value": "58,627.9 RSD million", "status": "Expanding", "context": "+13.0% six-month YoY", "source_ref": 2 }, { "metric": "Production market size", "latest_value": "94,286.4 RSD million", "status": "Under pressure", "context": "-2.1% six-month YoY", "source_ref": 3 }, { "metric": "Producer price index", "latest_value": "121.4 index points", "status": "Easing pressure", "context": "+0.4 pp six-month YoY", "source_ref": 4 }, { "metric": "Furniture exports", "latest_value": "96.5 RSD billion", "status": "Export growth", "context": "+10.2% latest export change", "source_ref": 5 }, { "metric": "Export exposure", "latest_value": "102.4%", "status": "High export exposure", "context": "exports relative to production turnover", "source_ref": 5 }, { "metric": "RSD per EUR", "latest_value": "117.4 RSD per EUR", "status": "FX broadly stable", "context": "+0.1% YoY", "source_ref": 7 }, { "metric": "Housing market activity", "latest_value": "129.9 index points", "status": "Strong; strong expansion", "context": "+30 pts vs 2019", "source_ref": 8 }, { "metric": "Consumer confidence", "latest_value": "-4.2 points", "status": "Recovering", "context": "+0.4 pp six-month change", "source_ref": 9 }, { "metric": "Product search trend", "latest_value": "101.5 index points", "status": "Softening", "context": "32.2% below 2020 peak", "source_ref": 10 } ], "sections": [ { "id": "market_size", "title": "Market Size & Consumption", "main_indicator": "consumer_market_size", "summary": "The consumer market size for furniture in Serbia is currently expanding, with a value of 96,565.9 RSD million (approximately EUR 820 million) and an annual growth rate of 12.6% [1]. This growth reflects a robust demand environment, driven by both export-oriented activities and increasing domestic consumption, positioning Serbia as a significant player in the Southeast European furniture market. In 2024, the Serbian furniture market is currently set to reach a size of 85,762.7 RSD million (around EUR 730 million), indicating a strong upward trajectory from previous years [1]. The retail sector is also experiencing positive momentum, with year-on-year growth rates of 13.5% and 12.4% in recent periods, suggesting a healthy retail landscape that supports both production and consumption dynamics in the country." }, { "id": "retail", "title": "Retail & Demand", "main_indicator": "retail_turnover", "summary": "The Serbian furniture retail market is currently expanding, with a retail market size reaching 58,627.9 RSD million (approximately EUR 496 million), reflecting a 13.0% increase year-over-year [2]. This growth indicates a robust domestic demand, which is crucial for the overall health of the furniture sector, particularly as Serbia positions itself as an export-oriented market within Southeast Europe. Despite the positive retail growth, the product search trend has softened, currently at 101.5 index points, which is 32.2% below the peak observed in 2020 [10]. This decline suggests a potential weakening in consumer interest or market saturation, which could impact future demand dynamics. The contrasting trends between retail expansion and product search indicate a complex market environment that requires careful monitoring to align production and supply strategies effectively." }, { "id": "industry", "title": "Industry & Production", "main_indicator": "production_turnover", "summary": "The Serbian furniture market is currently experiencing pressure, with a production market size of 94,286.4 RSD million (approximately EUR 800 million) reflecting a -2.1% decline year-on-year over the past six months [3]. This downturn indicates a challenging environment for producers, as domestic demand grows but is not yet sufficient to offset the pressures faced in production and retail sectors. The producer price index stands at 121.4 index points, showing easing pressure with a slight increase of +0.4 percentage points year-on-year [4]. Despite the current challenges, the long-term outlook for Serbia's furniture production remains positive, with projections indicating a significant increase in turnover to 97,543.5 RSD million (around EUR 840 million) by 2024 [3]. This current growth suggests a potential recovery phase, driven by both export-oriented strategies and increasing domestic consumption. However, the recent -2.2% year-on-year change in production metrics highlights the need for strategic adjustments to stabilize the market and harness the growing domestic demand effectively [3]." }, { "id": "supply_chain", "title": "Trade & Competitiveness", "main_indicator": "exports_by_country", "summary": "Serbia's furniture market is characterized by a robust export orientation, with furniture exports reaching 96.5 RSD billion (approximately EUR 820 million), reflecting a notable export growth of 10.2% [5]. This high export exposure, indicated by an export to production ratio of 102.4%, underscores the critical role of international markets in driving domestic production and economic stability [5]. The concentration of Serbia's furniture exports is evident, with significant shares directed towards key partners such as the Czech Republic (20.5%) and Germany (11.8%) [6]. This strategic exposure to a limited number of markets may pose risks, yet it also highlights opportunities for targeted growth and enhanced competitiveness in the Southeast European furniture sector, particularly as domestic demand continues to grow." }, { "id": "currency", "title": "Currency & Exchange Rate", "main_indicator": "exchange_rate", "summary": "The Serbian furniture market is currently characterized by a stable exchange rate, with the RSD per EUR valued at 117.4 RSD per EUR, reflecting a slight increase of 0.1% year-on-year [7]. This stability is crucial for both domestic demand and export-oriented production, as it mitigates currency risk for manufacturers and retailers engaged in international trade. In the context of Serbia's growing domestic demand for furniture, the stable exchange rate supports consumer purchasing power and encourages investment in local production [7]. As the market continues to evolve, maintaining this stability will be essential for sustaining export competitiveness and meeting the increasing needs of the domestic market." }, { "id": "macroeconomics", "title": "Macroeconomics", "main_indicator": "housing_market_activity", "summary": "Serbia's furniture market is currently characterized by strong housing market activity, registering 129.9 index points, which indicates robust expansion and a significant increase of 30 points compared to 2019 [8]. This growth in housing activity is likely to stimulate demand for furniture, as increased housing transactions typically correlate with higher consumption of home furnishings, thereby benefiting both domestic production and retail sectors. Consumer confidence in Serbia is on a recovery path, currently at -4.2 points, reflecting a slight improvement of 0.4 percentage points over the past six months [9]. This gradual recovery may enhance consumer spending in the furniture market, supporting both retail and production as households become more willing to invest in home improvements and furnishings. The interplay between strong housing market activity and recovering consumer sentiment suggests a favorable environment for the furniture sector in the near term." } ], "source_count": 10 }, "notes": [ "The hub is a composition layer over existing indicator JSON files. Indicator pages remain the canonical source pages for methodology, charts and source-specific notes.", "Serbia is configured as an exporter hub. RSD is the primary local-market view, while EUR fields remain available for international comparison." ] }