Serbia: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2025

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Serbia

The Serbian market for plasticised mixed polyvinyl chloride in primary forms shrank remarkably to $X in 2022, which is down by -22.8% against the previous year. Over the period under review, consumption continues to indicate a abrupt downturn. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Serbia

In value terms, production of plasticised mixed polyvinyl chloride in primary forms reached $X in 2022 estimated in export price. In general, production saw a tangible increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 100% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Serbia

In 2022, approx. X tons of plasticised mixed polyvinyl chloride in primary forms were exported from Serbia; growing by 61% against 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 212%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms surged to $X in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 348%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Romania (X tons), the Czech Republic (X tons) and Russia (X tons) were the main destinations of exports of plasticised mixed polyvinyl chloride in primary forms from Serbia, together accounting for 69% of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +8,969.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), the Czech Republic ($X) and Belarus ($X) constituted the largest markets for plasticised mixed polyvinyl chloride in primary forms exported from Serbia worldwide, together comprising 74% of total exports. Slovakia, Russia, Croatia, Bosnia and Herzegovina, Hungary, Luxembourg and North Macedonia lagged somewhat behind, together accounting for a further 22%.

Russia, with a CAGR of +8,857.8%, recorded the highest growth rate of the value of exports, among 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

The average export price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, with a decrease of -3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 when the average export price increased by 44%. As a result, the export price attained the peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Luxembourg ($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 Belarus (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Serbia

In 2022, overseas purchases of plasticised mixed polyvinyl chloride in primary forms decreased by -0.8% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, imports saw a mild decrease. The pace of growth appeared the most rapid in 2013 with an increase of 30% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms skyrocketed to $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +53.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, North Macedonia (X tons) constituted the largest supplier of plasticised mixed polyvinyl chloride in primary forms to Serbia, accounting for a 32% share of total imports. Moreover, imports of plasticised mixed polyvinyl chloride in primary forms from North Macedonia exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from North Macedonia stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.0% per year) and South Korea (-1.3% per year).

In value terms, North Macedonia ($X), Italy ($X) and South Korea ($X) constituted the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Serbia, together accounting for 62% of total imports. Slovenia, Romania, the Czech Republic, Hungary, Poland and Portugal lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Slovenia, with a CAGR of +27.5%, saw 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

The average import price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, picking up by 16% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for plasticised mixed polyvinyl chloride in primary forms increased by +80.2% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 55%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform