Serbia: Plastic Packaging Market 2024

Plastic Packaging Market Size in Serbia

The Serbian plastic packaging market rose notably to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plastic Packaging Production in Serbia

In value terms, plastic packaging production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Plastic packaging production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Packaging Exports

Exports from Serbia

Plastic packaging exports from Serbia fell to X tons in 2022, with a decrease of X% on 2021 figures. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume 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, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic packaging exports reached $X in 2022. In general, total exports indicated resilient growth 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, exports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons), Croatia (X tons) and Romania (X tons) were the main destinations of plastic packaging exports from Serbia, together accounting for X% of total exports. Bosnia and Herzegovina, Italy, North Macedonia, Slovenia, Montenegro, Hungary, Poland, Bulgaria, the Czech Republic and Sweden lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), Croatia ($X) and Italy ($X) were the largest markets for plastic packaging exported from Serbia worldwide, together accounting for X% of total exports. Bosnia and Herzegovina, Romania, Hungary, Slovenia, Montenegro, North Macedonia, Poland, Sweden, Bulgaria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Hungary, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic packaging export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a slight decline. The most prominent rate of growth was recorded in 2013 an increase of X%. 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 somewhat lower figure.

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

Plastic Packaging Imports

Imports into Serbia

In 2022, supplies from abroad of plastic packaging increased by X% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic packaging imports soared to $X in 2022. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X%. 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 packaging to Serbia, accounting for a X% share of total imports. Moreover, plastic packaging imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Poland (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Bosnia and Herzegovina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, Germany ($X), Bosnia and Herzegovina ($X) and Italy ($X) appeared to be the largest plastic packaging suppliers to Serbia, together accounting for X% of total imports. Poland, Turkey, Hungary, Bulgaria, Romania, Croatia, Slovenia, the Czech Republic, Montenegro and Austria lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Montenegro, 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 plastic packaging import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then shrank 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 Italy ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform