Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Serbia - 2023

Contents:

1. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Serbia (CIF) - 2022
2. Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Serbia (FOB) - 2023
3. Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Serbia
4. Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Serbia

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Serbia (CIF) - 2022

The average import price for paints and varnishes, based on polyesters, non-aqueous medium stood at $5,646 per ton in 2022, growing by 20% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($7,896 per ton), while the price for Slovakia ($3,401 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Serbia (FOB) - 2023

The average export price for paints and varnishes, based on polyesters, non-aqueous medium stood at $4,158 per ton in November 2023, approximately mirroring the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 20% against the previous month. The export price peaked at $5,541 per ton in January 2023; however, from February 2023 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Turkey ($11,780 per ton), while the average price for exports to North Macedonia ($2,809 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Serbia

In 2022, approx. 1.7K tons of paints and varnishes, based on polyesters, non-aqueous medium were imported into Serbia; which is down by -3.9% against 2021. In general, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 6.4%.

In value terms, imports of paints and varnishes, based on polyesters, non-aqueous medium expanded notably to $9.4M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium to Serbia in 2022:

1. Italy (753.0 tons)
2. Germany (335.3 tons)
3. Slovenia (115.5 tons)
4. Austria (109.3 tons)
5. Spain (69.1 tons)
6. Hungary (54.4 tons)
7. Russia (51.7 tons)
8. Croatia (44.9 tons)
9. Slovakia (39.5 tons)

Exports of Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium in Serbia

In 2022, overseas shipments of paints and varnishes, based on polyesters, non-aqueous medium decreased by -10.2% to 2.3K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 0.4% against the previous year. As a result, the exports attained the peak of 2.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of paints and varnishes, based on polyesters, non-aqueous medium totaled $8.3M in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Paints and Varnishes, Based On Polyesters, Non-Aqueous Medium from Serbia in 2022:

1. Bosnia and Herzegovina (431.4 tons)
2. Russia (375.1 tons)
3. North Macedonia (359.7 tons)
4. Belarus (226.7 tons)
5. Slovenia (156.3 tons)
6. Bulgaria (117.5 tons)
7. Montenegro (111.5 tons)
8. Croatia (94.1 tons)
9. Italy (88.9 tons)
10. Poland (82.2 tons)
11. Hungary (77.6 tons)
12. Kyrgyzstan (76.1 tons)
13. Turkey (54.2 tons)

Source: IndexBox Market Intelligence Platform