Serbia: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Serbia

The Serbian market for flexible tubes, pipes and hoses of plastics, with fittings shrank modestly to $X in 2022, with a decrease of -4% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Serbia

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings surged to $X in 2022 estimated in export price. In general, production, however, showed significant growth. The growth pace was the most rapid in 2013 with an increase of 451%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Serbia

After three years of growth, shipments abroad of flexible tubes, pipes and hoses of plastics, with fittings decreased by -14% to X tons in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2015 with an increase of 1,160%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings fell to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 781% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Romania (X tons), Spain (X tons) and Russia (X tons) were the main destinations of exports of flexible tubes, pipes and hoses of plastics, with fittings from Serbia, with a combined 54% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +239.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for flexible tubes, pipes and hoses of plastics, with fittings exports from Serbia, comprising 61% of total exports. The second position in the ranking was held by Romania ($X), with an 8% share of total exports. It was followed by Spain, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +135.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+218.3% per year) and Spain (+75.5% per year).

Export Prices by Country

The average export price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, with an increase of 1.5% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 140%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 France (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Serbia

In 2022, supplies from abroad of flexible tubes, pipes and hoses of plastics, with fittings increased by 6.3% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by 232% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings shrank markedly to $X in 2022. In general, imports posted resilient growth. The growth pace was the most rapid in 2018 when imports increased by 117%. Over the period under review, imports of attained the peak figure at $X in 2021, and then fell sharply in the following year.

Imports by Country

Greece (X tons), North Macedonia (X tons) and Slovenia (X tons) were the main suppliers of imports of flexible tubes, pipes and hoses of plastics, with fittings to Serbia, together accounting for 71% of total imports. Italy, Bulgaria, China, Germany, Turkey and Austria lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +127.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, North Macedonia ($X), Greece ($X) and Italy ($X) constituted the largest flexible tubes, pipes and hoses of plastics, with fittings suppliers to Serbia, with a combined 51% share of total imports. Germany, China, Slovenia, Bulgaria, Turkey and Austria lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Bulgaria, with a CAGR of +119.7%, 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 import price for flexible tubes, pipes and hoses of plastics, with fittings amounted to $X per ton, with a decrease of -20.9% against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2013 an increase of 112% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform