Key Market Indicators
The Serbian metal manufacturing sector is projected to see its revenue plummet to approximately €2.3 million by 2028, a stark drop from €27 million in 2023. This decline represents an annual compound rate of 36.5%. Since 2019, the Serbian metal market has been on a downward trajectory, shrinking by 14% each year. As of 2023, Serbia ranked 25th in the global market. Finland narrowly edged out Serbia with an equivalent revenue of €27 million. In the broader European context, Italy, France, and Spain held the second, third, and fourth positions respectively in the metal manufacturing rankings.
