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

In 2023, after two years of growth, there was decline in the Serbian market for rigid tubes, pipes and hoses of polymers of vinyl chloride, when its value decreased by X% to $X. In general, consumption recorded a relatively flat trend pattern. Vinyl chloride polymer rigid pipes consumption peaked at $X in 2022, and then reduced in the following year.

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

In value terms, vinyl chloride polymer rigid pipes production contracted to $X in 2023 estimated in export price. Over the period under review, production saw noticeable growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2022, and then dropped in the following year.

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

Exports from Serbia

In 2023, overseas shipments of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by X% to X tons, falling for the second consecutive year after five years of growth. Overall, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes exports shrank remarkably to $X in 2023. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

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, together accounting for X% of total exports. Hungary, Italy, Slovenia, Bosnia and Herzegovina, Bulgaria, Romania, Greece, North Macedonia and Montenegro lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Greece (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

Among the main countries of destination, Greece, with a CAGR of X%, saw 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

In 2023, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, reducing by X% against the previous year. In general, export price indicated a slight increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, vinyl chloride polymer rigid pipes export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2022, and then declined in the following year.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were North Macedonia ($X per ton) and Montenegro ($X per ton), while the average price for exports to Greece ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), 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

In 2023, supplies from abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes imports fell to $X in 2023. Overall, imports, however, showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

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, together accounting for X% of total imports. Spain, North Macedonia, Germany, Hungary and Bulgaria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 2023, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2023 and is likely to see gradual growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by North Macedonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform