Serbia: Plastic Box Market 2024

Plastic Box Market Size in Serbia

The Serbian plastic box market skyrocketed to $X in 2022, jumping by 20% against the previous year. Overall, consumption enjoyed prominent growth. Plastic box consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Plastic Box Production in Serbia

In value terms, plastic box production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 54%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

Plastic Box Exports

Exports from Serbia

In 2022, plastic box exports from Serbia expanded modestly to X tons, surging by 4.7% compared with the year before. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +12.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 143% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, plastic box exports reduced modestly to $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 177%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for plastic box exports from Serbia, with a 26% share of total exports. Moreover, plastic box exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), threefold. The third position in this ranking was held by Hungary (X tons), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+18.9% per year) and Hungary (+21.0% per year).

In value terms, Germany ($X) remains the key foreign market for plastic boxes, cases, crates and similar packing articles exports from Serbia, comprising 28% of total exports. The second position in the ranking was taken by Hungary ($X), with a 9.1% share of total exports. It was followed by Romania, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+21.4% per year) and Romania (+15.7% per year).

Export Prices by Country

In 2022, the average plastic box export price amounted to $X per ton, dropping by -5.3% against the previous year. Over the period under review, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2013 when the average export price increased by 14%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Belgium ($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 Russia (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Box Imports

Imports into Serbia

In 2022, purchases abroad of plastic boxes, cases, crates and similar packing articles increased by 40% to X tons, rising for the sixth consecutive year after two years of decline. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 218%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic box imports surged to $X in 2022. Overall, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 204%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Bosnia and Herzegovina (X tons) constituted the largest supplier of plastic box to Serbia, accounting for a 38% share of total imports. Moreover, plastic box imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bosnia and Herzegovina amounted to +54.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+35.4% per year) and Turkey (+19.2% per year).

In value terms, Germany ($X) constituted the largest supplier of plastic boxes, cases, crates and similar packing articles to Serbia, comprising 35% of total imports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 15% share of total imports. It was followed by Hungary, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (+41.5% per year) and Hungary (+39.8% per year).

Import Prices by Country

In 2022, the average plastic box import price amounted to $X per ton, which is down by -14.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform