Non-refractory mortars and concretes market in North Macedonia

Earlier Report Observations

From 2018 to 2021, the market for non-refractory mortars and concretes in North Macedonia experienced significant volatility. The market value grew from USD 35.5 million in 2018 to USD 38.6 million in 2019, an increase of 8.7%. However, it fell by 21.9% to USD 30.2 million in 2020, and then contracted sharply by 46.5% to USD 16.1 million in 2021.

A strong recovery followed the 2021 downturn, with the market value rising by 54.3% to USD 24.9 million in 2022 and reaching USD 32.6 million in 2023. In 2024, the market value declined again by 12.2% to USD 28.6 million.

Production non-refractory mortars and concretes in North Macedonia

In value, 2017-2020, K $ US

North Macedonia's production of non-refractory mortars and concretes declined after two years of growth. In 2019, output reached its peak at 39 389 thousand US dollars, but then fell by 21.1% in 2020 to 31 078 thousand US dollars. The most significant increase occurred in 2018, with a rise of 15.7%.

Annual dynamics of production in North Macedonia in value, 2017-2020, K $ US

In kind, 2017-2020, K t

Production volume of non-refractory mortars and concretes in North Macedonia has been declining for three consecutive years. In 2020, output stood at 664.1 thousand tonnes, down 10.0% from the previous year. Over the period from 2017 to 2020, production decreased by 14.5%, which translates to an average annual decline of 5.1%.

Annual dynamics of production in North Macedonia in kind, 2017-2020, K t

Exports non-refractory mortars and concretes from North Macedonia

Exports in kind, t

Export volumes showed considerable volatility during the observed period. The lowest point was in 2018 at 10 510 tonnes, while exports peaked in 2020 at 53 274 tonnes, representing a 5.1-fold increase between these years. In 2020, exports grew by 38.3% compared to 2019. The most substantial decline occurred in 2018, falling 42.3%, while the largest increase was recorded in 2019 with a remarkable 266.6% surge.

Annual dynamics of product's exports from North Macedonia in kind, 2017-2020, t

From 2017 to 2020, Serbia was consistently the primary buyer of non-refractory mortars and concretes from North Macedonia, accounting for 84.4% of total export volumes throughout this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from North Macedonia in kind, 2017-2020

Exports in value, K $ US

Export values exhibited significant volatility during these years. The lowest point was in 2018 at 800 thousand US dollars, while the peak occurred in 2019 at 1 767 thousand US dollars, showing a 2.2-fold difference. In 2020, exports declined slightly to 1 744 thousand US dollars, down 1.3% from the previous year. The most substantial decrease was in 2018, falling 26.4%, while the largest increase was in 2019 with a 120.7% rise.

Annual dynamics of product's exports from North Macedonia in value, 2017-2020, K $ US

Between 2017 and 2020, Serbia dominated as the destination for North Macedonia's non-refractory mortars and concretes exports in value terms, representing 73.5% of total export value. The remaining share was distributed among various smaller markets.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from North Macedonia in value, 2017-2020

Imports non-refractory mortars and concretes to North Macedonia

Imports in kind, t

After two years of growth, North Macedonia's imports of non-refractory mortars and concretes declined in volume. Imports reached their highest point in 2019 at 3 836 tonnes, then fell by 17.9% in 2020 to 3 151 tonnes. The most significant increase occurred in 2019 with a 45.3% rise. Overall, from 2017 to 2020, imports increased by 38.4%, equivalent to an average annual growth rate of 11.5%.

Annual dynamics of product's imports to North Macedonia in kind, 2017-2020, t

During the 2017-2020 period, Bulgaria (46.4% of import volume), Serbia (14.1%), and Albania (12.0%) were the leading sources for North Macedonia's non-refractory mortars and concretes imports, together accounting for 72.5% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to North Macedonia in kind, 2017-2020

Imports in value, K $ US

Following two years of increase, North Macedonia's imports of non-refractory mortars and concretes declined in value terms. Imports peaked in 2019 at 1 007 thousand US dollars, then dropped by 16.3% in 2020 to 843 thousand US dollars. The most substantial increase was in 2019 with an 18.2% rise. Over the entire 2017-2020 period, import value grew by 16%, representing an average annual growth rate of 5.1%.

Annual dynamics of product's imports to North Macedonia in value, 2017-2020, K $ US

From 2017 to 2020, Bulgaria (37.4% of import value), Greece (11.1%), and Italy (9.2%) remained the primary sources for North Macedonia's non-refractory mortars and concretes imports in value terms, collectively accounting for 57.6% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to North Macedonia in value, 2017-2020