Serbia - Asphalt or Bitumen Articles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Asphalt or Bitumen Article in Serbia - 2023
Contents:
- Price for Asphalt or Bitumen Article in Serbia (FOB) - 2023
- Price for Asphalt or Bitumen Article in Serbia (CIF) - 2023
- Exports of Asphalt or Bitumen Article in Serbia
- Imports of Asphalt or Bitumen Article in Serbia
Price for Asphalt or Bitumen Article in Serbia (FOB) - 2023
The average asphalt or bitumen article export price stood at $1,050 per ton in November 2023, flattening at the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in July 2023 an increase of 33% against the previous month. As a result, the export price attained the peak level of $1,268 per ton. From August 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was the United States ($1,576 per ton), while the average price for exports to Bulgaria ($467 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Asphalt or Bitumen Article in Serbia (CIF) - 2023
In November 2023, the average asphalt or bitumen article import price amounted to $835 per ton, increasing by 12% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 28% m-o-m. As a result, import price attained the peak level of $932 per ton. From May 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($978 per ton), while the price for North Macedonia ($486 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belarus (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Asphalt or Bitumen Article in Serbia
Asphalt or bitumen article exports from Serbia soared to 21K tons in 2022, rising by 27% against the previous year. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, asphalt or bitumen article exports surged to $20M in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 95%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
Export of Asphalt or Bitumen Article in Serbia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 886 | 3,189 | 6,722 | 9,837 | 123.1% |
Italy | 750 | 642 | 1,813 | 2,147 | 42.0% |
Romania | 45.8 | 67.1 | 370 | 1,681 | 232.3% |
Montenegro | 967 | 895 | 908 | 994 | 0.9% |
Slovenia | 0.4 | N/A | 887 | 915 | 1217.6% |
Hungary | 564 | 435 | 505 | 721 | 8.5% |
Croatia | 390 | 307 | 381 | 674 | 20.0% |
North Macedonia | 355 | 299 | 426 | 528 | 14.1% |
Bulgaria | 155 | 71.5 | 36.1 | 456 | 43.3% |
Bosnia and Herzegovina | 301 | 284 | 378 | 437 | 13.2% |
New Zealand | 292 | 273 | 482 | 426 | 13.4% |
Others | 755 | 645 | 923 | 903 | 6.1% |
Total | 5,462 | 7,109 | 13,831 | 19,720 | 53.4% |
Top Export Markets for Asphalt or Bitumen Article from Serbia in 2022:
- United States (8.0K tons)
- Romania (2.7K tons)
- Slovenia (1.6K tons)
- Montenegro (1.3K tons)
- Croatia (1.1K tons)
- North Macedonia (1.0K tons)
- Hungary (1.0K tons)
- Bulgaria (1.0K tons)
- Italy (0.8K tons)
- Bosnia and Herzegovina (0.7K tons)
- New Zealand (0.5K tons)
Imports of Asphalt or Bitumen Article in Serbia
In 2022, asphalt or bitumen article imports into Serbia fell markedly to 8.5K tons, which is down by -23.1% on the previous year. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. As a result, imports reached the peak of 11K tons, and then contracted notably in the following year.
In value terms, asphalt or bitumen article imports reached $6.5M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
Import of Asphalt or Bitumen Article in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 929 | 1,119 | 1,262 | 1,332 | 12.8% |
Austria | 1,121 | 912 | 1,083 | 1,190 | 2.0% |
Italy | 1,312 | 1,013 | 1,290 | 1,065 | -6.7% |
Germany | 506 | 484 | 961 | 868 | 19.7% |
Turkey | 311 | 378 | 493 | 674 | 29.4% |
Poland | 346 | 597 | 417 | 491 | 12.4% |
Slovakia | 488 | 517 | 499 | 412 | -5.5% |
North Macedonia | 527 | 240 | 286 | 292 | -17.9% |
Others | 228 | 171 | 226 | 201 | -4.1% |
Total | 5,768 | 5,431 | 6,516 | 6,524 | 4.2% |
Top Suppliers of Asphalt or Bitumen Article to Serbia in 2022:
- Russia (1888.8 tons)
- Austria (1418.8 tons)
- Italy (1155.8 tons)
- Turkey (1049.9 tons)
- Germany (843.6 tons)
- Slovakia (792.6 tons)
- North Macedonia (607.1 tons)
- Poland (505.9 tons)
This report provides an in-depth analysis of the market for asphalt or bitumen article 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 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls
- Prodcom 23991290 - Products based on bitumen (excluding in rolls)
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
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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
This report provides an in-depth analysis of the market for asphalt or bitumen article in Serbia.
This report provides an in-depth analysis of the rolled bitumen articles market in Serbia.
This report provides an in-depth analysis of the non-rolled bitumen products market in Serbia.
This report provides an in-depth analysis of the global market for asphalt or bitumen article.
This report provides an in-depth analysis of the global rolled bitumen articles market.
This report provides an in-depth analysis of the global non-rolled bitumen products market.
This report provides an in-depth analysis of the market for asphalt or bitumen article in Serbia.
This report provides an in-depth analysis of the rolled bitumen articles market in Serbia.
This report provides an in-depth analysis of the non-rolled bitumen products market in Serbia.
This report provides an in-depth analysis of the global market for asphalt or bitumen article.
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