Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Serbia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Serbia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Serbia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Serbia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Serbia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Serbia (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,211 per ton, increasing by 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 83% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,311 per ton), while the price for Germany totaled $1,189 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Serbia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,681 per ton, growing by 55% against the previous year. Over the period under review, the export price saw a noticeable increase. The growth pace was the most rapid in 2013 an increase of 383%. As a result, the export price attained the peak level of $6,450 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($5,208 per ton), while the average price for exports to Bosnia and Herzegovina ($1,397 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 North Macedonia (+1.3%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Serbia
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; formic acids imported into Serbia shrank modestly to 2.3K tons, waning by -3.3% against 2021 figures. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 98% against the previous year. As a result, imports reached the peak of 2.4K tons, and then contracted slightly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids totaled $2.8M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 263%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 255 | 81.6 | 661 | 1,123 | 63.9% |
China | 150 | 257 | 576 | 252 | 18.9% |
Others | 413 | 367 | 1,325 | 1,386 | 49.7% |
Total | 818 | 706 | 2,561 | 2,761 | 50.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Serbia in 2022:
- Germany (944.7 tons)
- China (192.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Serbia
In 2022, exports of acids; saturated acyclic monocarboxylic acids; formic acids from Serbia shrank remarkably to 20 tons, which is down by -43.4% compared with 2021 figures. In general, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 25%.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids fell to $34K in 2022. Over the period under review, exports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2021 when exports increased by 51%.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
North Macedonia | 27.1 | 12.3 | 12.4 | 14.2 | -19.4% |
Montenegro | 0.4 | 0.7 | 0.2 | 2.8 | 91.3% |
Bosnia and Herzegovina | N/A | N/A | 7.0 | 0.1 | -98.6% |
Germany | 15.8 | N/A | N/A | N/A | 0% |
Others | 43.3 | 13.0 | 19.6 | 17.2 | -26.5% |
Total | 86.7 | 26.0 | 39.1 | 34.3 | -26.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Serbia in 2022:
- North Macedonia (9.6 tons)
- Montenegro (0.5 tons)
- Bosnia and Herzegovina (0.1 tons)
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