Serbia: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Serbia

In 2022, the Serbian market for plastics pipes and pipe fittings decreased by -36% to $X, falling for the fourth consecutive year after four years of growth. Overall, consumption continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Serbia

In value terms, plastics pipe and pipe fitting production contracted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 32%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Serbia

After five years of growth, overseas shipments of plastics pipes and pipe fittings decreased by -0.9% to X tons in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 18%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, plastics pipe and pipe fitting exports dropped to $X in 2022. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2013 with an increase of 32% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Croatia (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main destinations of plastics pipe and pipe fitting exports from Serbia, with a combined 35% share of total exports. Bosnia and Herzegovina, Slovakia, Italy, Slovenia, Bulgaria, Denmark, Romania, Germany, Montenegro and Russia lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +251.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastics pipe and pipe fitting exported from Serbia were Hungary ($X), Germany ($X) and Croatia ($X), together comprising 40% of total exports. The Czech Republic, Bosnia and Herzegovina, Slovakia, Italy, Bulgaria, Slovenia, Denmark, Montenegro, Romania and Russia lagged somewhat behind, together accounting for a further 36%.

Denmark, with a CAGR of +171.6%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, stabilizing at the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastics pipe and pipe fitting export price increased by +2.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 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 Germany ($X per ton), while the average price for exports to Slovenia ($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 (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Serbia

In 2022, purchases abroad of plastics pipes and pipe fittings increased by 6.6% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, plastics pipe and pipe fitting imports rose notably to $X in 2022. Overall, imports recorded a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by 58% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Turkey (X tons), Italy (X tons) and North Macedonia (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Serbia, with a combined 51% share of total imports. Poland, Germany, China, Romania, Hungary, Bulgaria, Croatia, Austria, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +17.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to Serbia were Germany ($X), Italy ($X) and Poland ($X), with a combined 45% share of total imports. Turkey, China, North Macedonia, Bulgaria, Hungary, Romania, Austria, the Czech Republic, the Netherlands and Croatia lagged somewhat behind, together comprising a further 41%.

North Macedonia, with a CAGR of +21.8%, saw the highest growth rate of the value of imports, among 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 import price for plastics pipes and pipe fittings stood at $X per ton in 2022, growing by 6.3% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastics pipe and pipe fitting import price decreased by -8.8% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 27% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform