Serbia: Plastic Bag Market 2024

Plastic Bag Market Size in Serbia

The Serbian plastic bag market stood at $X in 2022, picking up by 3.5% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Plastic bag consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Plastic Bag Production in Serbia

In value terms, plastic bag production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 38%. Plastic bag production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Plastic Bag Exports

Exports from Serbia

In 2022, exports of plastic sacks and bags from Serbia expanded remarkably to X tons, increasing by 7.3% on the year before. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +9.0% 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 +3.2% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by 21% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, plastic bag exports rose sharply to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +79.7% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 17%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Montenegro (X tons), Croatia (X tons) and Romania (X tons) were the main destinations of plastic bag exports from Serbia, with a combined 41% share of total exports. Italy, Bosnia and Herzegovina, Slovenia, Sweden, North Macedonia, France, Germany, the United States, Denmark and Hungary lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +44.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Croatia ($X) and Montenegro ($X) constituted the largest markets for plastic bag exported from Serbia worldwide, with a combined 41% share of total exports. Bosnia and Herzegovina, the United States, Romania, Sweden, Slovenia, Germany, North Macedonia, France, Hungary and Denmark lagged somewhat behind, together comprising a further 49%.

In terms of the main countries of destination, Hungary, with a CAGR of +31.6%, recorded the highest rates of growth with regard to 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 bag export price stood at $X per ton in 2022, with an increase of 2.1% against the previous year. Over the period under review, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the 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 the United States ($X per ton), while the average price for exports to Romania ($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 Germany (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into Serbia

In 2022, approx. X tons of plastic sacks and bags were imported into Serbia; increasing by 18% compared with 2021. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +9.2% 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 +94.8% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, plastic bag imports skyrocketed to $X in 2022. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2018 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Poland (X tons), Italy (X tons) and Montenegro (X tons) were the main suppliers of plastic bag imports to Serbia, together accounting for 56% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Montenegro (with a CAGR of +37.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and Germany ($X) were the largest plastic bag suppliers to Serbia, with a combined 58% share of total imports. Turkey, Bosnia and Herzegovina, China, Montenegro, Slovenia and Austria lagged somewhat behind, together comprising a further 28%.

Montenegro, with a CAGR of +31.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic bag import price stood at $X per ton in 2022, dropping by -1.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 18%. As a result, import price reached the peak level of $X per ton, and then contracted 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 ($X per ton), while the price for Montenegro ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform