Serbia: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Serbia

The Serbian plastic ornamental articles market skyrocketed to $X in 2022, with an increase of 1,133% against the previous year. Overall, consumption continues to indicate a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Ornamental Articles Production in Serbia

In value terms, plastic ornamental articles production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. Plastic ornamental articles production peaked in 2022 and is likely to continue growth in the near future.

Plastic Ornamental Articles Exports

Exports from Serbia

Plastic ornamental articles exports from Serbia skyrocketed to X tons in 2022, picking up by 76% against 2021. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 947%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, plastic ornamental articles exports surged to $X in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 280%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Montenegro (X tons) was the main destination for plastic ornamental articles exports from Serbia, with a 95% share of total exports. It was followed by Croatia (X tons), with a 1.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Montenegro amounted to +72.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+0.9% per year) and Germany (-33.4% per year).

In value terms, Montenegro ($X) remains the key foreign market for statuettes and other ornamental articles of plastic exports from Serbia, comprising 78% of total exports. The second position in the ranking was held by Croatia ($X), with an 8.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Montenegro amounted to +57.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+13.4% per year) and Germany (-28.9% per year).

Export Prices by Country

In 2022, the average plastic ornamental articles export price amounted to $X per ton, reducing by -2.6% against the previous year. In general, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2013 an increase of 42%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Montenegro ($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 Croatia (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Ornamental Articles Imports

Imports into Serbia

For the third year in a row, Serbia recorded growth in overseas purchases of statuettes and other ornamental articles of plastic, which increased by 28% to X tons in 2022. Over the period under review, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic ornamental articles imports soared to $X in 2022. Overall, imports showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic ornamental articles to Serbia, with a 82% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+67.5% per year) and Turkey (+55.2% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Serbia, comprising 79% of total imports. The second position in the ranking was taken by Poland ($X), with a 3.8% share of total imports. It was followed by Turkey, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+58.2% per year) and Turkey (+56.7% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, shrinking by -3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform