Serbia - Primary Polyethylene with a Specific Gravity of over 0,94 - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPolyethylene Price in Serbia - 2023
Contents:
- Polyethylene Price in Serbia (FOB) - 2022
- Polyethylene Price in Serbia (CIF) - 2022
- Polyethylene Exports in Serbia
- Polyethylene Imports in Serbia
Polyethylene Price in Serbia (FOB) - 2022
The average polyethylene export price stood at $1,584 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 64%. The export price peaked at $1,661 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovakia ($1,646 per ton) and Italy ($1,642 per ton), while the average price for exports to Hungary ($1,508 per ton) and Bulgaria ($1,554 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Polyethylene Price in Serbia (CIF) - 2022
In 2022, the average polyethylene import price amounted to $1,543 per ton, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 57% against the previous year. Over the period under review, average import prices reached the peak figure at $1,649 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,891 per ton), while the price for Bulgaria ($1,031 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Polyethylene Exports in Serbia
In 2022, shipments abroad of primary polyethylene with a specific gravity of over 0,94 decreased by -6.8% to 72K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. As a result, the exports reached the peak of 79K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, polyethylene exports fell to $114M in 2022. In general, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 60%. As a result, the exports reached the peak of $122M, and then contracted in the following year.
Export of Polyethylene in Serbia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bulgaria | 15.2 | 13.0 | 17.9 | 16.6 | 3.0% |
Hungary | 12.2 | 11.9 | 19.5 | 15.9 | 9.2% |
Bosnia and Herzegovina | 8.6 | 7.1 | 11.0 | 13.8 | 17.1% |
Slovenia | 7.1 | 4.1 | 10.8 | 11.9 | 18.8% |
Italy | 3.6 | 6.8 | 16.6 | 11.6 | 47.7% |
Greece | 3.3 | 4.5 | 11.5 | 8.7 | 38.1% |
Slovakia | 2.1 | 2.5 | 6.6 | 8.4 | 58.7% |
Ukraine | 0.2 | N/A | 0.4 | 6.4 | 217.5% |
Romania | 2.6 | 2.6 | 3.9 | 4.0 | 15.4% |
Croatia | 1.9 | 2.1 | 4.2 | 4.0 | 28.2% |
North Macedonia | 1.7 | 2.7 | 3.4 | 2.0 | 5.6% |
Lithuania | 3.5 | 3.0 | 2.3 | 0.2 | -61.5% |
Turkey | N/A | 10.3 | 0.3 | N/A | -97.1% |
Others | 4.4 | 5.5 | 13.1 | 10.8 | 34.9% |
Total | 66.3 | 76.0 | 122 | 114 | 19.8% |
Top Export Markets for Polyethylene from Serbia in 2022:
- Turkey (undefinedK tons)
- Bulgaria (10.7K tons)
- Hungary (10.5K tons)
- Bosnia and Herzegovina (8.7K tons)
- Slovenia (7.5K tons)
- Italy (7.1K tons)
- Greece (5.5K tons)
- Slovakia (5.1K tons)
- Ukraine (4.0K tons)
- Romania (2.5K tons)
- Croatia (2.5K tons)
- North Macedonia (1.3K tons)
- Lithuania (0.1K tons)
Polyethylene Imports in Serbia
Polyethylene imports into Serbia shrank to 51K tons in 2022, almost unchanged from the year before. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of 52K tons, leveling off in the following year.
In value terms, polyethylene imports reduced modestly to $79M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 78%. As a result, imports attained the peak of $79M, leveling off in the following year.
Import of Polyethylene in Serbia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 3.8 | 2.0 | 5.7 | 15.0 | 58.0% |
Iran | 1.8 | 0.5 | 8.9 | 12.7 | 91.8% |
Germany | 3.6 | 5.5 | 12.3 | 7.5 | 27.7% |
Hungary | 6.8 | 5.8 | 11.3 | 6.9 | 0.5% |
Italy | 4.8 | 4.5 | 10.0 | 6.6 | 11.2% |
Austria | 6.3 | 3.9 | 4.2 | 5.3 | -5.6% |
Russia | 15.0 | 9.5 | 7.5 | 3.7 | -37.3% |
Netherlands | 3.0 | 1.4 | 1.1 | 3.1 | 1.1% |
United States | 0.8 | 1.0 | 1.2 | 2.8 | 51.8% |
Spain | 1.2 | 1.3 | 2.4 | 2.3 | 24.2% |
Czech Republic | 1.1 | 1.9 | 3.1 | 2.1 | 24.1% |
United Arab Emirates | N/A | N/A | 0.3 | 1.7 | 466.7% |
Bulgaria | 1.2 | 1.4 | 1.0 | 1.4 | 5.3% |
Others | 9.1 | 5.8 | 10.2 | 7.9 | -4.6% |
Total | 58.6 | 44.5 | 79.3 | 79.1 | 10.5% |
Top Suppliers of Polyethylene to Serbia in 2022:
- Saudi Arabia (9.7K tons)
- Iran (8.3K tons)
- Germany (4.6K tons)
- Hungary (4.4K tons)
- Italy (4.3K tons)
- Austria (2.9K tons)
- Russia (2.4K tons)
- Netherlands (2.0K tons)
- United States (1.9K tons)
- Spain (1.8K tons)
- Czech Republic (1.5K tons)
- Bulgaria (1.3K tons)
- United Arab Emirates (0.9K tons)
This report provides an in-depth analysis of the polyethylene market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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