Serbia: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Serbia

In 2022, the Serbian plastic self-adhesive plate market increased by 71% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a strong increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Plastic Self-Adhesive Plate Production in Serbia

In value terms, plastic self-adhesive plate production skyrocketed to $X in 2022 estimated in export price. Overall, production posted significant growth. The pace of growth was the most pronounced in 2016 with an increase of 297% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in the near future.

Plastic Self-Adhesive Plate Exports

Exports from Serbia

In 2022, overseas shipments of plastic self-adhesive plates, sheets and other flat shapes decreased by -26.3% to X tons, falling for the third consecutive year after eight years of growth. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 510% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic self-adhesive plate exports shrank to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 262%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Italy (X tons) was the main destination for plastic self-adhesive plate exports from Serbia, with a 51% share of total exports. Moreover, plastic self-adhesive plate exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was held by Romania (X tons), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +94.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+85.0% per year) and Romania (+63.6% per year).

In value terms, Italy ($X) remains the key foreign market for plastic self-adhesive plates, sheets and other flat shapes exports from Serbia, comprising 44% of total exports. The second position in the ranking was taken by Germany ($X), with a 10% share of total exports. It was followed by Romania, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled +84.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+62.4% per year) and Romania (+61.7% per year).

Export Prices by Country

The average plastic self-adhesive plate export price stood at $X per ton in 2022, picking up by 25% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Canada ($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 Canada (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports into Serbia

In 2022, after two years of decline, there was growth in overseas purchases of plastic self-adhesive plates, sheets and other flat shapes, when their volume increased by 1.4% to X tons. In general, imports showed prominent growth. The growth pace was the most rapid in 2019 with an increase of 28%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic self-adhesive plate imports rose to $X in 2022. Overall, imports recorded a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of plastic self-adhesive plate imports to Serbia, together comprising 65% of total imports. Turkey, Belgium, Luxembourg, Croatia, France, Montenegro, South Korea, the Netherlands, Slovenia and Poland lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of +122.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of plastic self-adhesive plates, sheets and other flat shapes to Serbia, comprising 30% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Italy, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.3% per year) and Italy (+4.8% per year).

Import Prices by Country

The average plastic self-adhesive plate import price stood at $X per ton in 2022, with an increase of 2.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 22%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 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 the Netherlands (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform