Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Serbia - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Serbia (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Serbia (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Serbia
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Serbia
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Serbia (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $1,247 per ton in 2022, growing by 45% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses increased by +94.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($1,987 per ton), while the price for Italy ($759 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Serbia (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $1,505 per ton, picking up by 36% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses increased by +97.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 85% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($1,825 per ton), while the average price for exports to North Macedonia ($1,431 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 Greece (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Serbia
In 2022, after three years of growth, there was significant decline in overseas purchases of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, when their volume decreased by -16.9% to 2.9K tons. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.6% 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 +21.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of 3.5K tons, and then dropped dramatically in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $3.6M in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 89%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 151 | 287 | 763 | 1,020 | 89.0% |
| Germany | 526 | 477 | 664 | 723 | 11.2% |
| Spain | N/A | N/A | N/A | 29.3 | 0% |
| Lithuania | 159 | N/A | N/A | 19.0 | -50.7% |
| Sweden | 48.7 | 29.4 | 16.3 | 18.8 | -27.2% |
| Others | 978 | 808 | 1,589 | 1,831 | 23.2% |
| Total | 1,864 | 1,602 | 3,032 | 3,642 | 25.0% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Serbia in 2022:
- China (760.2 tons)
- Germany (626.3 tons)
- Spain (23.9 tons)
- Sweden (22.5 tons)
- Lithuania (20.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Serbia
In 2022, approx. 97 tons of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were exported from Serbia; waning by -43.7% on 2021. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 320%. As a result, the exports attained the peak of 173 tons, and then fell significantly in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses fell significantly to $147K in 2022. In general, exports, however, showed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 228% against the previous year. As a result, the exports reached the peak of $191K, and then contracted notably in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 22.1 | 13.8 | 50.4 | 38.6 | 20.4% |
| Bosnia and Herzegovina | 23.2 | 14.9 | 25.4 | 22.7 | -0.7% |
| Poland | N/A | N/A | N/A | 10.9 | 0% |
| Russia | 3.6 | N/A | N/A | N/A | 0% |
| Germany | N/A | N/A | 4.2 | N/A | 0% |
| Czech Republic | N/A | N/A | 15.2 | N/A | 0% |
| Others | 48.9 | 29.6 | 96.2 | 74.5 | 15.1% |
| Total | 97.7 | 58.4 | 191 | 147 | 14.6% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Serbia in 2022:
- North Macedonia (27.0 tons)
- Bosnia and Herzegovina (15.1 tons)
- Poland (6.0 tons)
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