Serbia: Tissue Paper Market 2024

Tissue Paper Market Size in Serbia

The Serbian tissue paper market reduced to $X in 2022, waning by -8.9% against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Tissue paper consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Tissue Paper Production in Serbia

In value terms, tissue paper production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.8% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 56%. Tissue paper production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Tissue Paper Exports

Exports from Serbia

In 2022, approx. X tons of toilet or facial tissue stock, towel and similar paper were exported from Serbia; jumping by 70% against the previous year. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 313%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, tissue paper exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 252%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The UK (X tons) was the main destination for tissue paper exports from Serbia, accounting for a 66% share of total exports. Moreover, tissue paper exports to the UK exceeded the volume sent to the second major destination, Greece (X tons), sevenfold. The third position in this ranking was taken by Bosnia and Herzegovina (X tons), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +5,273.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+95.1% per year) and Bosnia and Herzegovina (+46.3% per year).

In value terms, the UK ($X) emerged as the key foreign market for toilet or facial tissue stock, towel and similar paper exports from Serbia, comprising 69% of total exports. The second position in the ranking was taken by Greece ($X), with an 8.1% share of total exports. It was followed by Bosnia and Herzegovina, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +3,931.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+92.3% per year) and Bosnia and Herzegovina (+49.8% per year).

Export Prices by Country

The average tissue paper export price stood at $X per ton in 2022, jumping by 52% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price 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, tissue paper export price increased by +65.4% against 2020 indices. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Croatia ($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 Hungary (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tissue Paper Imports

Imports into Serbia

In 2022, the amount of toilet or facial tissue stock, towel and similar paper imported into Serbia stood at X tons, therefore, remained relatively stable against the previous year's figure. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.1% 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 +5.0% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 20%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, tissue paper imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Bosnia and Herzegovina (X tons), Romania (X tons) and Russia (X tons) were the main suppliers of tissue paper imports to Serbia, with a combined 73% share of total imports. Italy, Greece, Slovenia, Turkey, Ukraine, Bulgaria and Hungary lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +76.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tissue paper suppliers to Serbia were Bosnia and Herzegovina ($X), Romania ($X) and Russia ($X), together accounting for 72% of total imports. Italy, Greece, Slovenia, Turkey, Ukraine, Bulgaria and Hungary lagged somewhat behind, together accounting for a further 21%.

Among the main suppliers, Slovenia, with a CAGR of +73.1%, 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 tissue paper import price stood at $X per ton in 2022, rising by 48% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ukraine ($X per ton) and Turkey ($X per ton), while the price for Russia ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform