Serbia: Glass Ampoules Market 2024

Glass Ampoules Market Size in Serbia

The Serbian glass ampoules market dropped to $X in 2022, waning by -12.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +124.4% against 2020 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Glass Ampoules Exports

Exports from Serbia

In 2022, overseas shipments of glass ampoules for packing of goods decreased by -91.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 1,246%. The exports peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, glass ampoules exports declined notably to $X in 2022. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 502%. The exports peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Japan (X units) and Montenegro (X units) were the main destinations of glass ampoules exports from Serbia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Montenegro (with a CAGR of +43.7%).

In value terms, Japan ($X) emerged as the key foreign market for glass ampoules for packing of goods exports from Serbia, comprising 69% of total exports. The second position in the ranking was held by Montenegro ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan was relatively modest.

Export Prices by Country

In 2022, the average glass ampoules export price amounted to $X per unit, increasing by 106% against the previous year. Overall, the export price posted perceptible growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 237%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Montenegro totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+30.7%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Ampoules Imports

Imports into Serbia

In 2022, imports of glass ampoules for packing of goods into Serbia dropped to X units, which is down by -14.6% on 2021 figures. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +105.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 141%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, glass ampoules imports contracted to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 154%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Croatia (X units) constituted the largest glass ampoules supplier to Serbia, with a 69% share of total imports. Moreover, glass ampoules imports from Croatia exceeded the figures recorded by the second-largest supplier, Hungary (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from Croatia stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-1.6% per year) and Germany (+74.9% per year).

In value terms, Croatia ($X) constituted the largest supplier of glass ampoules for packing of goods to Serbia, comprising 63% of total imports. The second position in the ranking was taken by Hungary ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Croatia amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-0.3% per year) and Germany (+58.0% per year).

Import Prices by Country

In 2022, the average glass ampoules import price amounted to $X per thousand units, growing by 2% against the previous year. Overall, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of 5.6% against the previous year. Over the period under review, average import prices attained the maximum at $X per thousand units in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per thousand units), while the price for Croatia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform