Serbia: Market for Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms 2024

Market Size for Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms in Serbia

The Serbian market for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms skyrocketed to $X in 2023, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2023: its value 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms

Exports from Serbia

For the third year in a row, Serbia recorded growth in shipments abroad of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms, which increased by X% to X tons in 2023. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms skyrocketed to $X in 2023. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports of hit record highs in 2023 and are likely to see steady growth in the near future.

Exports by Country

Lithuania (X tons) was the main destination for exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms from Serbia, with a X% share of total exports. Moreover, exports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms to Lithuania exceeded the volume sent to the second major destination, Russia (X tons), ninefold.

From 2012 to 2023, the average annual growth rate of volume to Lithuania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and France (X% per year).

In value terms, Lithuania ($X) remains the key foreign market for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Lithuania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and France (X% per year).

Export Prices by Country

The average export price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vinyl Chloride-Vinyl Acetate Copolymers and Other Vinyl Chloride Copolymers in Primary Forms

Imports into Serbia

Imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms into Serbia soared to X tons in 2023, with an increase of X% against 2022. Overall, total imports indicated a notable expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms surged to $X in 2023. Over the period under review, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Germany (X tons) constituted the largest vinyl chloride-vinyl acetate and other vinyl chloride copolymers supplier to Serbia, accounting for a X% share of total imports. Moreover, imports of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms from Germany exceeded the figures recorded by the second-largest supplier, North Macedonia (X tons), eightfold. The third position in this ranking was taken by China (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms to Serbia, comprising X% of total imports. The second position in the ranking was taken by North Macedonia ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average import price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated a notable expansion 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, import price for vinyl chloride-vinyl acetate copolymers and other vinyl chloride copolymers in primary forms increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform