Serbia: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in Serbia

In 2022, the Serbian paperboard case material market increased by 28% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.1% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Paperboard Case Material Production in Serbia

In value terms, paperboard case material production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 40%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Paperboard Case Material Exports

Exports from Serbia

For the seventh year in a row, Serbia recorded growth in shipments abroad of paperboard case materials, which increased by 9.7% to X tons in 2022. In general, exports posted prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 94%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, paperboard case material exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 97% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Greece (X tons), Bulgaria (X tons) and Romania (X tons) were the main destinations of paperboard case material exports from Serbia, with a combined 52% share of total exports. Slovenia, North Macedonia, the Czech Republic, Croatia, Ukraine, Hungary, Bosnia and Herzegovina and Turkey lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +113.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paperboard case material exported from Serbia were Greece ($X), Bulgaria ($X) and Romania ($X), with a combined 53% share of total exports. North Macedonia, Slovenia, the Czech Republic, Croatia, Hungary, Ukraine, Bosnia and Herzegovina and Turkey lagged somewhat behind, together accounting for a further 42%.

Ukraine, with a CAGR of +136.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average paperboard case material export price amounted to $X per ton, growing by 15% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paperboard case material export price increased by +83.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 60%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Ukraine ($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 Ukraine (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Paperboard Case Material Imports

Imports into Serbia

In 2022, approx. X tons of paperboard case materials were imported into Serbia; surging by 8.3% on 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +112.6% against 2013 indices. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, paperboard case material imports soared to $X in 2022. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Croatia (X tons), Austria (X tons) and Hungary (X tons) were the main suppliers of paperboard case material imports to Serbia, with a combined 66% share of total imports. Russia, Germany, Sweden, Finland, Italy, Bosnia and Herzegovina, the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +82.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paperboard case material suppliers to Serbia were Croatia ($X), Austria ($X) and Russia ($X), together comprising 60% of total imports. Hungary, Germany, Sweden, Finland, Italy, Bosnia and Herzegovina, the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further 35%.

Among the main suppliers, Sweden, with a CAGR of +74.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average paperboard case material import price amounted to $X per ton, surging by 28% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paperboard case material import price increased by +78.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform