Serbia: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Serbia

The Serbian market for floor, wall or ceiling coverings of plastics surged to $X in 2022, with an increase of 27% against the previous year. In general, consumption showed a prominent expansion. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Serbia

In value terms, production of floor, wall or ceiling coverings of plastics dropped to $X in 2022 estimated in export price. Overall, production recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17%. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Serbia

In 2022, overseas shipments of floor, wall or ceiling coverings of plastics decreased by -25.7% to X square meters, falling for the third year in a row after three years of growth. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Over the period under review, the exports of attained the peak figure at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics contracted to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 19%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ukraine (X square meters), Romania (X square meters) and Saudi Arabia (X square meters) were the main destinations of exports of floor, wall or ceiling coverings of plastics from Serbia, together accounting for 49% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +82.5%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Romania ($X) and Saudi Arabia ($X) constituted the largest markets for plastic floor, wall and ceiling coverings exported from Serbia worldwide, with a combined 49% share of total exports.

Saudi Arabia, with a CAGR of +80.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, rising by 18% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bosnia and Herzegovina ($X per square meter) and Bulgaria ($X per square meter), while the average price for exports to Saudi Arabia ($X per square meter) and Iraq ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Serbia

In 2022, after eight years of growth, there was significant decline in supplies from abroad of floor, wall or ceiling coverings of plastics, when their volume decreased by -13.3% to X square meters. Over the period under review, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by 41% against the previous year. Over the period under review, imports of reached the peak figure at X square meters in 2021, and then reduced in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics rose rapidly to $X in 2022. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of plastic floor, wall and ceiling coverings to Serbia, accounting for a 29% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), twofold. The third position in this ranking was held by Russia (X square meters), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+56.5% per year) and Russia (+46.8% per year).

In value terms, the largest plastic floor, wall and ceiling coverings suppliers to Serbia were China ($X), Sweden ($X) and Russia ($X), together accounting for 39% of total imports. Turkey, France, Germany, the Netherlands, Slovenia, Hungary, Italy, Ukraine, Belgium and Bulgaria lagged somewhat behind, together comprising a further 46%.

Among the main suppliers, Bulgaria, with a CAGR of +66.3%, recorded 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

The average import price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, picking up by 33% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per square meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per square meter), while the price for Bulgaria ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform