Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Serbia - 2024
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Serbia (CIF) - 2024
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Serbia (FOB) - 2024
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Serbia
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Serbia
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Serbia (CIF) - 2024
In January 2024, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $4,195 per ton, picking up by 8.2% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 20% month-to-month. The import price peaked at $5,116 per ton in July 2023; however, from August 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($5,583 per ton), while the price for the Czech Republic ($1,264 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Turkey (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Serbia (FOB) - 2024
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $2,752 per ton in January 2024, growing by 2.5% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average export price increased by 109% month-to-month. Over the period under review, the average export prices reached the peak figure at $4,784 per ton in October 2023; however, from November 2023 to January 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Bulgaria ($29,429 per ton), while the average price for exports to Slovakia ($1,022 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Serbia
In 2022, after three years of growth, there was significant decline in supplies from abroad of adhesives; prepared, based on rubber or plastics (including artificial resins), when their volume decreased by -5.7% to 5.8K tons. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 9.1% against the previous year. As a result, imports reached the peak of 6.1K tons, and then dropped in the following year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) rose rapidly to $24M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% 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 +55.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.9 | 5.5 | 7.7 | 8.6 | 20.6% |
| Italy | 2.9 | 3.2 | 3.6 | 3.3 | 4.4% |
| Switzerland | 1.9 | 2.1 | 1.9 | 2.3 | 6.6% |
| Hungary | 0.8 | 1.1 | 1.3 | 1.5 | 23.3% |
| Slovenia | 0.8 | 0.9 | 1.1 | 1.4 | 20.5% |
| Turkey | 0.6 | 0.7 | 1.1 | 1.3 | 29.4% |
| Poland | 0.2 | 0.3 | 0.6 | 0.8 | 58.7% |
| Czech Republic | 0.4 | 0.4 | 0.5 | 0.7 | 20.5% |
| Others | 2.6 | 2.5 | 3.4 | 3.7 | 12.5% |
| Total | 15.2 | 16.6 | 21.4 | 23.5 | 15.6% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Serbia in 2022:
- Germany (1365.6 tons)
- Italy (1077.2 tons)
- Switzerland (537.8 tons)
- Turkey (493.8 tons)
- Slovenia (484.8 tons)
- Hungary (391.9 tons)
- Czech Republic (385.9 tons)
- Poland (354.9 tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Serbia
In 2022, after three years of growth, there was decline in shipments abroad of adhesives; prepared, based on rubber or plastics (including artificial resins), when their volume decreased by -1.2% to 1.1K tons. The total export volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 17%.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) soared to $3.1M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +53.9% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | N/A | 16.2 | 22.2 | 610 | 513.6% |
| Bosnia and Herzegovina | 329 | 317 | 430 | 430 | 9.3% |
| North Macedonia | 316 | 270 | 299 | 301 | -1.6% |
| Montenegro | 632 | 546 | 425 | 264 | -25.2% |
| Slovakia | 105 | 220 | 210 | 221 | 28.2% |
| Slovenia | 99.6 | 54.1 | 99.7 | 138 | 11.5% |
| Albania | 126 | 95.6 | 149 | 134 | 2.1% |
| Bulgaria | 5.1 | 34.6 | 127 | 118 | 185.0% |
| Croatia | 56.8 | 94.7 | 81.3 | 95.6 | 19.0% |
| Ukraine | 4.4 | 55.1 | 165 | 85.9 | 169.3% |
| Kazakhstan | 3.0 | N/A | 0.1 | 81.6 | 200.7% |
| Hungary | 13.2 | 3.6 | 31.5 | 68.4 | 73.0% |
| Italy | 51.5 | 58.7 | 75.8 | 56.2 | 3.0% |
| Others | 248 | 344 | 434 | 458 | 22.7% |
| Total | 1,990 | 2,109 | 2,550 | 3,062 | 15.4% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Serbia in 2022:
- Slovakia (203.3 tons)
- Bosnia and Herzegovina (128.7 tons)
- Slovenia (98.1 tons)
- North Macedonia (92.5 tons)
- Bulgaria (77.7 tons)
- Belarus (73.0 tons)
- Croatia (69.1 tons)
- Montenegro (57.1 tons)
- Ukraine (43.1 tons)
- Hungary (36.1 tons)
- Albania (29.6 tons)
- Italy (29.6 tons)
- Kazakhstan (29.1 tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Serbia.
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This report provides an in-depth analysis of the global market for prepared glues and other prepared adhesives.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
