Serbia - Benzene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzene Price in Serbia - 2023
Contents:
- Benzene Price in Serbia (FOB) - 2023
- Benzene Price in Serbia (CIF) - 2022
- Benzene Exports in Serbia
- Benzene Imports in Serbia
Benzene Price in Serbia (FOB) - 2023
The average benzene export price stood at $1,074 per ton in October 2023, rising by 35% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In October 2023, the country with the highest price was the Czech Republic ($1,106 per ton), while the average price for exports to Germany totaled $1,042 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Benzene Price in Serbia (CIF) - 2022
In 2022, the average benzene import price amounted to $26,526 per ton, with an increase of 377% against the previous year. In general, the import price, however, saw a noticeable decrease. Over the period under review, average import prices attained the peak figure at $50,647 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($133,000 per ton), while the price for France ($11,167 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Benzene Exports in Serbia
Benzene exports from Serbia reached 45K tons in 2022, picking up by 2.2% against the previous year. Overall, total exports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +2.9% 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 +52.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 49%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, benzene exports surged to $50M in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 156% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Benzene in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.8 | 9.6 | 12.5 | 22.6 | 32.1% |
| France | N/A | 1.9 | N/A | 14.9 | 180.0% |
| Czech Republic | 6.4 | 1.9 | 10.9 | 12.7 | 25.7% |
| Italy | 7.5 | N/A | 15.8 | N/A | 45.1% |
| Turkey | N/A | 1.9 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 23.7 | 15.3 | 39.2 | 50.2 | 28.4% |
Top Export Markets for Benzene from Serbia in 2022:
- Germany (19.5K tons)
- France (13.6K tons)
- Czech Republic (11.4K tons)
Benzene Imports in Serbia
In 2022, the amount of benzene imported into Serbia declined dramatically to 38 kg, dropping by -99.2% on the previous year's figure. In general, imports showed a precipitous decline. The growth pace was the most rapid in 2021 when imports increased by 8,512% against the previous year. As a result, imports reached the peak of 4.5 tons, and then shrank notably in the following year.
In value terms, benzene imports declined rapidly to $1K in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 2,160% against the previous year. As a result, imports reached the peak of $25K, and then contracted significantly in the following year.
| Import of Benzene in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 0.6 | 0.3 | -50.0% |
| India | N/A | 0.2 | 0.1 | 0.2 | 0.0% |
| Germany | 1.0 | 0.2 | 1.5 | 0.2 | -41.5% |
| France | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| United States | N/A | 0.4 | 0.2 | 0.1 | -50.0% |
| Belgium | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Czech Republic | 0.3 | 0.1 | 22.5 | N/A | 766.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.5 | 1.1 | 24.9 | 1.0 | -12.6% |
Top Suppliers of Benzene to Serbia in 2022:
- India (16.0 kg)
- Germany (10.0 kg)
- France (6.0 kg)
- Belgium (3.0 kg)
- China (2.0 kg)
- United States (1.0 kg)
This report provides an in-depth analysis of the benzene market 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 20141223 - Benzene
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
-
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
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