Serbia: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

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

The Serbian market for rigid tubes, pipes and hoses of polymers of vinyl chloride skyrocketed to $X in 2022, surging by 25% against the previous year. Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.2% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Serbia

In value terms, vinyl chloride polymer rigid pipes production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 50% against the previous year. Vinyl chloride polymer rigid pipes production peaked in 2022 and is likely to see steady growth in years to come.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Serbia

After five years of growth, overseas shipments of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -18.1% to X tons in 2022. In general, exports, however, posted buoyant growth. The growth pace was the most rapid in 2019 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined remarkably in the following year.

In value terms, vinyl chloride polymer rigid pipes exports fell to $X in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, the exports reached the peak of $X, and then contracted slightly in the following year.

Exports by Country

Croatia (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from Serbia, with a combined 50% share of total exports. Hungary, Bosnia and Herzegovina, Bulgaria, Slovenia, Greece, Italy, Romania, North Macedonia, Montenegro and Russia lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +45.6%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), the Czech Republic ($X) and Slovakia ($X) were the largest markets for vinyl chloride polymer rigid pipes exported from Serbia worldwide, together comprising 49% of total exports. Hungary, Bosnia and Herzegovina, Bulgaria, Slovenia, Italy, Greece, Romania, North Macedonia, Montenegro and Russia lagged somewhat behind, together comprising a further 44%.

Among the main countries of destination, Greece, with a CAGR of +48.8%, recorded the highest rates of growth with regard to the value of exports, 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 rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, increasing by 18% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes export price increased by +66.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 40%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Russia ($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 Slovenia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Serbia

After two years of growth, purchases abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -33.5% to X tons in 2022. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, vinyl chloride polymer rigid pipes imports fell markedly to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 109% against the previous year. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

Turkey (X tons), Romania (X tons) and Italy (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Serbia, with a combined 71% share of total imports. Spain, Hungary, North Macedonia, Germany and Poland lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +35.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Turkey ($X) and Romania ($X) were the largest vinyl chloride polymer rigid pipes suppliers to Serbia, with a combined 65% share of total imports. Spain, Hungary, Poland, North Macedonia and Germany lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Spain, with a CAGR of +29.5%, recorded 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 rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, rising by 5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2021 an increase of 26%. The import price peaked 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 Poland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform