Serbia: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Serbia

The Serbian solid vulcanised rubber sheet market amounted to $X in 2022, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a resilient increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Serbia

In 2022, approx. X tons of plates, sheets, strips for floor covering of solid vulcanised rubber were exported from Serbia; growing by 5.9% compared with 2021. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 227%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, solid vulcanised rubber sheet exports surged to $X in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of 155% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Russia (X tons), North Macedonia (X tons) and Turkey (X tons) were the main destinations of solid vulcanised rubber sheet exports from Serbia, with a combined 69% share of total exports.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +23.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for plates, sheets, strips for floor covering of solid vulcanised rubber exports from Serbia, comprising 53% of total exports. The second position in the ranking was taken by Turkey ($X), with a 25% share of total exports. It was followed by Montenegro, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Montenegro (+5.4% per year).

Export Prices by Country

The average solid vulcanised rubber sheet export price stood at $X per ton in 2022, with an increase of 138% against the previous year. Overall, the export price enjoyed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Croatia ($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 Switzerland (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Serbia

In 2022, approx. X tons of plates, sheets, strips for floor covering of solid vulcanised rubber were imported into Serbia; almost unchanged from the year before. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 31%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, solid vulcanised rubber sheet imports reached $X in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.2% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 37%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of solid vulcanised rubber sheet imports to Serbia, with a combined 45% share of total imports. Poland, Italy, Romania, Hungary, Bulgaria, Slovenia, Austria, India, the Czech Republic and Belgium lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +102.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) constituted the largest solid vulcanised rubber sheet suppliers to Serbia, together accounting for 50% of total imports. China, Turkey, Austria, Slovenia, Romania, Bulgaria, Hungary, the Czech Republic, India and Belgium lagged somewhat behind, together accounting for a further 40%.

Belgium, with a CAGR of +90.8%, recorded the highest rates of growth with regard to 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

In 2022, the average solid vulcanised rubber sheet import price amounted to $X per ton, with an increase of 2.6% against the previous year. Overall, the import price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of 18%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform