Serbia: Aluminium Foil Market 2025

Aluminium Foil Market Size in Serbia

For the third year in a row, the Serbian aluminium foil market recorded growth in sales value, which increased by 7.3% to $X in 2022. Overall, consumption, however, recorded a buoyant increase. Aluminium foil consumption peaked in 2022 and is likely to continue growth in years to come.

Aluminium Foil Production in Serbia

In value terms, aluminium foil production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed measured growth. The most prominent rate of growth was recorded in 2018 with an increase of 115% against the previous year. Over the period under review, production attained the maximum level in 2022 and is likely to continue growth in years to come.

Aluminium Foil Exports

Exports from Serbia

In 2022, shipments abroad of aluminium foil decreased by -10.6% to X tons, falling for the second consecutive year after six years of growth. Overall, exports, however, recorded a mild increase. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium foil exports dropped slightly to $X in 2022. In general, exports, however, saw a tangible increase. The pace of growth was the most pronounced in 2018 with an increase of 35%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Bosnia and Herzegovina (X tons) and Poland (X tons) were the main destinations of aluminium foil exports from Serbia, together comprising 50% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +57.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium foil exported from Serbia were Germany ($X), Bosnia and Herzegovina ($X) and Poland ($X), with a combined 54% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +63.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium foil export price stood at $X per ton in 2022, surging by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Foil Imports

Imports into Serbia

For the third year in a row, Serbia recorded growth in purchases abroad of aluminium foil, which increased by 14% to X tons in 2022. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by 33%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, aluminium foil imports surged to $X in 2022. In general, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Slovenia (X tons) were the main suppliers of aluminium foil imports to Serbia, with a combined 65% share of total imports. Turkey, Croatia, Greece, Italy and Austria lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +34.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Croatia ($X) constituted the largest aluminium foil suppliers to Serbia, together accounting for 62% of total imports. Slovenia, Italy, Turkey, Greece and Austria lagged somewhat behind, together comprising a further 31%.

Turkey, with a CAGR of +32.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium foil import price stood at $X per ton in 2022, increasing by 18% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform