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Serbia - Argon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArgon Price in Serbia - 2023
Contents:
- Argon Price in Serbia (FOB) - 2023
- Argon Price in Serbia (CIF) - 2022
- Argon Exports in Serbia
- Argon Imports in Serbia
Argon Price in Serbia (FOB) - 2023
The average argon export price stood at $1.1 per cubic meter in October 2023, reducing by -2.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.5%. The most prominent rate of growth was recorded in December 2022 an increase of 44% against the previous month. Over the period under review, the average export prices reached the peak figure at $1.2 per cubic meter in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Greece ($1.9 per cubic meter), while the average price for exports to Bulgaria ($980 per thousand cubic meters) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Argon Price in Serbia (CIF) - 2022
The average argon import price stood at $1.2 per cubic meter in 2022, increasing by 47% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, argon import price increased by +107.4% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Austria ($17 per cubic meter), while the price for Ukraine ($0.9 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+43.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Argon Exports in Serbia
In 2022, approx. 9.5M cubic meters of argon were exported from Serbia; increasing by 19% against the previous year's figure. In general, exports, however, recorded a deep setback. The exports peaked at 12M cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, argon exports soared to $6.3M in 2022. Overall, total exports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Argon in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hungary | 2,942 | 1,825 | 2,169 | 2,417 | -6.3% |
Bulgaria | 994 | 848 | 955 | 1,019 | 0.8% |
Albania | 308 | 332 | 423 | 699 | 31.4% |
Slovenia | 159 | 12.3 | 44.6 | 539 | 50.2% |
North Macedonia | 184 | 210 | 324 | 419 | 31.6% |
Romania | 503 | 220 | 68.8 | 412 | -6.4% |
Greece | 498 | 305 | 282 | 280 | -17.5% |
Others | 464 | 314 | 331 | 519 | 3.8% |
Total | 6,051 | 4,066 | 4,598 | 6,305 | 1.4% |
Top Export Markets for Argon from Serbia in 2022:
- Hungary (4.4M cubic meters)
- Bulgaria (1.6M cubic meters)
- Albania (0.9M cubic meters)
- Romania (0.7M cubic meters)
- North Macedonia (0.7M cubic meters)
- Slovenia (0.7M cubic meters)
- Greece (0.2M cubic meters)
Argon Imports in Serbia
Argon imports into Serbia expanded rapidly to 1M cubic meters in 2022, growing by 15% against 2021. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, argon imports soared to $1.3M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Argon in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 220 | 219 | 221 | 554 | 36.0% |
Turkey | 3.4 | N/A | N/A | 206 | 292.8% |
Croatia | 46.1 | 202 | 115 | 111 | 34.0% |
North Macedonia | 3.4 | 39.3 | 26.2 | 99.8 | 208.5% |
Bulgaria | 1.4 | 7.9 | 26.0 | 77.9 | 281.8% |
Ukraine | N/A | N/A | 204 | 76.5 | -62.5% |
Slovenia | 91.3 | 174 | 130 | 48.6 | -19.0% |
Russia | 10.8 | N/A | N/A | 41.7 | 56.9% |
Others | 24.7 | 9.2 | 39.0 | 67.2 | 39.6% |
Total | 401 | 650 | 761 | 1,282 | 47.3% |
Top Suppliers of Argon to Serbia in 2022:
- Romania (585.5K cubic meters)
- Croatia (120.9K cubic meters)
- Ukraine (89.0K cubic meters)
- Turkey (66.6K cubic meters)
- Bulgaria (41.8K cubic meters)
- North Macedonia (39.1K cubic meters)
- Slovenia (38.2K cubic meters)
- Russia (36.9K cubic meters)
This report provides an in-depth analysis of the argon 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 20111120 - Argon
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
-
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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