Price for Petroleum Gases and Other Gaseous Hydrocarbons in Serbia - 2023

Contents:

1. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Serbia (CIF) - 2022
2. Price for Petroleum Gases and Other Gaseous Hydrocarbons in Serbia (FOB) - 2022
3. Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Serbia
4. Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Serbia

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Serbia (CIF) - 2022

The average import price for petroleum gases and other gaseous hydrocarbonses stood at $484 per ton in 2022, growing by 60% against the previous year. Overall, the import price, however, saw a noticeable slump. Over the period under review, average import prices reached the maximum at $694 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Kazakhstan ($762 per ton), while the price for Hungary ($405 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.6%), while the prices for the other major suppliers experienced a decline.

Price for Petroleum Gases and Other Gaseous Hydrocarbons in Serbia (FOB) - 2022

The average export price for petroleum gases and other gaseous hydrocarbonses stood at $868 per ton in 2022, rising by 26% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 54% against the previous year. The export price peaked at $971 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Montenegro ($1,016 per ton) and Ukraine ($931 per ton), while the average price for exports to Bosnia and Herzegovina ($820 per ton) and Bulgaria ($823 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Petroleum Gases and Other Gaseous Hydrocarbons in Serbia

In 2022, approx. 3.8M tons of petroleum gases and other gaseous hydrocarbonses were imported into Serbia; picking up by 90% against the previous year's figure. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of petroleum gases and other gaseous hydrocarbonses skyrocketed to $1.8B in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Petroleum Gases and Other Gaseous Hydrocarbons to Serbia in 2022:

1. Hungary (1874.4K tons)
2. Russia (1829.0K tons)
3. Romania (26.1K tons)

Exports of Petroleum Gases and Other Gaseous Hydrocarbons in Serbia

After two years of decline, overseas shipments of petroleum gases and other gaseous hydrocarbonses increased by 33% to 58K tons in 2022. The total export volume increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some 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.

In value terms, exports of petroleum gases and other gaseous hydrocarbonses soared to $50M in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Petroleum Gases and Other Gaseous Hydrocarbons from Serbia in 2022:

1. Bosnia and Herzegovina (24.2K tons)
2. North Macedonia (12.0K tons)
3. Bulgaria (6.3K tons)
4. Croatia (6.1K tons)
5. Ukraine (5.0K tons)
6. Montenegro (4.0K tons)

Source: IndexBox Market Intelligence Platform