Serbia: Market for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip 2024

Market Size for Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip in Serbia

In 2022, the Serbian non-cellular polyvinyl chloride film market increased by 11% to $X, rising for the sixth year in a row after two years of decline. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +70.4% against 2016 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Exports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Exports from Serbia

In 2022, approx. X tons of non-cellular polyvinyl chloride films, sheets, foil and strip were exported from Serbia; shrinking by -19.2% against 2021 figures. Over the period under review, exports recorded a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-cellular polyvinyl chloride film exports contracted modestly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 74% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X tons), Montenegro (X tons) and Croatia (X tons) were the main destinations of non-cellular polyvinyl chloride film exports from Serbia, with a combined 86% share of total exports. North Macedonia, Germany, Albania and Turkey lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +16.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Montenegro ($X) and Croatia ($X) constituted the largest markets for non-cellular polyvinyl chloride film exported from Serbia worldwide, with a combined 84% share of total exports. North Macedonia, Albania, Turkey and Germany lagged somewhat behind, together comprising a further 11%.

Germany, with a CAGR of +15.5%, recorded the highest growth rate of 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 non-cellular polyvinyl chloride film export price amounted to $X per ton, with an increase of 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Germany ($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 Turkey (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Polyvinyl Chloride Films, Sheets, Foil and Strip

Imports into Serbia

In 2022, supplies from abroad of non-cellular polyvinyl chloride films, sheets, foil and strip decreased by -3.2% to X tons, falling for the second consecutive year after four years of growth. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 12% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, non-cellular polyvinyl chloride film imports stood at $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +71.0% against 2016 indices. The pace of growth was the most pronounced in 2018 when imports increased by 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), Hungary (X tons) and Turkey (X tons) were the main suppliers of non-cellular polyvinyl chloride film imports to Serbia, with a combined 60% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Switzerland ($X) appeared to be the largest non-cellular polyvinyl chloride film suppliers to Serbia, with a combined 56% share of total imports. Turkey, Hungary, China, Poland, South Korea and Croatia lagged somewhat behind, together accounting for a further 39%.

Turkey, with a CAGR of +26.2%, saw the highest growth rate of the value of imports, among the main suppliers 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 non-cellular polyvinyl chloride film import price amounted to $X per ton, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform