Serbia: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Serbia

The Serbian metal flexible tubing market stood at $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Metal flexible tubing consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal Flexible Tubing Production in Serbia

In value terms, metal flexible tubing production expanded slightly to $X in 2022 estimated in export price. In general, production recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Metal flexible tubing production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Metal Flexible Tubing Exports

Exports from Serbia

In 2022, overseas shipments of iron or steel flexible tubing decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, metal flexible tubing exports rose sharply to $X in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Sweden (X tons), Germany (X tons) and Austria (X tons) were the main destinations of metal flexible tubing exports from Serbia, together accounting for X% of total exports. Turkey, Italy, Finland, Slovakia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further X%.

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

In value terms, Sweden ($X) remains the key foreign market for iron or steel flexible tubing exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average metal flexible tubing export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Turkey ($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 Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Flexible Tubing Imports

Imports into Serbia

In 2022, the amount of iron or steel flexible tubing imported into Serbia fell dramatically to X tons, which is down by X% on 2021. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, metal flexible tubing imports dropped notably to $X in 2022. Overall, imports, however, showed strong growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

Bosnia and Herzegovina (X tons), Turkey (X tons) and China (X tons) were the main suppliers of metal flexible tubing imports to Serbia, with a combined X% share of total imports. Italy, Croatia and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest metal flexible tubing suppliers to Serbia were Turkey ($X), Bosnia and Herzegovina ($X) and China ($X), with a combined X% share of total imports. Croatia, Italy and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Czech Republic, with a CAGR of X%, 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

In 2022, the average metal flexible tubing import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform