Price for Carboxyimide-function compounds (including saccharin and its salts) and imine-function compounds in Serbia - 2023

Contents:

1. Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Serbia (CIF) - 2023
2. Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Serbia (FOB) - 2022
3. Imports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Serbia
4. Exports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Serbia

Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Serbia (CIF) - 2023

In November 2023, the average import price for carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses amounted to $7,539 per ton, with an increase of 24% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 266% month-to-month. As a result, import price attained the peak level of $27,430 per ton. From January 2023 to November 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Hungary ($36,159 per ton), while the price for the Czech Republic ($4,599 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Hungary (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Serbia (FOB) - 2022

In 2022, the average export price for carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses amounted to $7,261 per ton, shrinking by -12.9% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses increased by +78.4% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by 82%. As a result, the export price reached the peak level of $8,338 per ton, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($7,326 per ton), while the average price for exports to the United Arab Emirates ($4,155 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 the United Arab Emirates (+4.6%), while the prices for the other major destinations experienced a decline.

Imports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Serbia

After three years of growth, overseas purchases of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses decreased by -4.1% to 237 tons in 2022. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 4.6% against the previous year.

In value terms, imports of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses expanded rapidly to $1.7M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.5% 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 +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds to Serbia in 2022:

1. Czech Republic (156.6 tons)
2. China (38.0 tons)
3. India (21.1 tons)
4. Germany (7.3 tons)
5. Hungary (6.4 tons)

Exports of Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds in Serbia

After two years of decline, shipments abroad of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses increased by 33% to 62 tons in 2022. The total export volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of carboxyimide-function compounds (including saccharin and its salts) and imine-function compoundses skyrocketed to $451K in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 59%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Carboxyimide-Function Compounds (Including Saccharin and Its Salts) and Imine-Function Compounds from Serbia in 2022:

1. Bosnia and Herzegovina (51.6 tons)
2. United Arab Emirates (1.8 tons)
3. Austria (1.7 tons)
4. United Kingdom (1.5 tons)

Source: IndexBox Market Intelligence Platform