Serbia: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2025

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Serbia

In 2022, the Serbian propylene polymer rigid pipes market decreased by -17.1% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a mild slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Serbia

In value terms, propylene polymer rigid pipes production fell modestly to $X in 2022 estimated in export price. In general, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 76% against the previous year. Propylene polymer rigid pipes production peaked at $X in 2021, and then shrank in the following year.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Serbia

In 2022, exports of rigid tubes, pipes and hoses of polymers of propylene from Serbia stood at X tons, growing by 3.6% on the previous year. In general, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 35%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, propylene polymer rigid pipes exports expanded significantly to $X in 2022. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 40%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Croatia (X tons), the Czech Republic (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of propylene polymer rigid pipes exports from Serbia, with a combined 35% share of total exports. Italy, Belgium, Bulgaria, Switzerland, Slovenia, Slovakia, Poland, Montenegro, North Macedonia and Austria lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +89.6%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), the Czech Republic ($X) and Italy ($X) appeared to be the largest markets for propylene polymer rigid pipes exported from Serbia worldwide, together accounting for 34% of total exports. Bosnia and Herzegovina, Belgium, Bulgaria, Switzerland, Austria, Slovenia, Slovakia, Montenegro, Poland and North Macedonia lagged somewhat behind, together accounting for a further 50%.

Poland, with a CAGR of +88.4%, 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 propylene polymer rigid pipes export price stood at $X per ton in 2022, surging by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2021 when the average export price increased by 18%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Poland ($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 Belgium (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Serbia

Propylene polymer rigid pipes imports into Serbia fell to X tons in 2022, dropping by -6% compared with the previous year's figure. Overall, total imports indicated a measured increase from 2012 to 2022: its volume 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, imports increased by +27.9% against 2016 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 57% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, propylene polymer rigid pipes imports shrank to $X in 2022. In general, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 117% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Turkey (X tons) and China (X tons) were the main suppliers of propylene polymer rigid pipes imports to Serbia, together accounting for 46% of total imports. Italy, Romania, the Czech Republic, Bulgaria, Croatia, Greece, Austria, Poland and North Macedonia lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +187.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and Italy ($X) were the largest propylene polymer rigid pipes suppliers to Serbia, together comprising 44% of total imports. China, the Czech Republic, Romania, Bulgaria, Croatia, Austria, Poland, Greece and North Macedonia lagged somewhat behind, together accounting for a further 43%.

Among the main suppliers, Greece, with a CAGR of +198.6%, saw the highest growth rate of 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 propylene polymer rigid pipes import price stood at $X per ton in 2022, increasing by 3.1% against the previous year. In general, the import price showed noticeable growth. The most prominent rate of growth was recorded in 2013 an increase of 147%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform