Carbonates; Potassium Carbonate Price in Serbia - 2023

Contents:

  1. Carbonates; Potassium Carbonate Price in Serbia (CIF) - 2022
  2. Carbonates; Potassium Carbonate Price in Serbia (FOB) - 2022
  3. Carbonates; Potassium Carbonate Imports in Serbia
  4. Carbonates; Potassium Carbonate Exports in Serbia

Carbonates; Potassium Carbonate Price in Serbia (CIF) - 2022

The average carbonates; potassium carbonate import price stood at $2,046 per ton in 2022, picking up by 21% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; potassium carbonate import price increased by +110.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 86%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Japan ($5,078 per ton), while the price for South Korea ($1,414 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Carbonates; Potassium Carbonate Price in Serbia (FOB) - 2022

The average carbonates; potassium carbonate export price stood at $3,378 per ton in 2022, increasing by 151% against the previous year. Overall, the export price, however, recorded a noticeable contraction. Over the period under review, the average export prices hit record highs at $8,923 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($3,379 per ton), while the average price for exports to Montenegro totaled $3,333 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.

Carbonates; Potassium Carbonate Imports in Serbia

In 2022, the amount of carbonates; potassium carbonates imported into Serbia soared to 72 tons, picking up by 229% compared with the year before. Over the period under review, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carbonates; potassium carbonate imports skyrocketed to $148K in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Carbonates; Potassium Carbonate in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea48.811.413.779.317.6%
JapanN/AN/AN/A54.80%
United States0.11.9N/A5.8287.1%
Italy2.94.89.93.89.4%
PolandN/AN/A4.9N/A0%
TurkeyN/AN/A4.6N/A0%
Others2.120.24.04.024.0%
Total53.838.237.214840.1%

Top Suppliers of Carbonates; Potassium Carbonate to Serbia in 2022:

  1. South Korea (56.0 tons)
  2. Japan (10.8 tons)
  3. United States (3.2 tons)
  4. Italy (1.3 tons)

Carbonates; Potassium Carbonate Exports in Serbia

In 2022, after three years of growth, there was significant decline in shipments abroad of carbonates; potassium carbonates, when their volume decreased by -98.4% to 209 kg. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 2,403%.

In value terms, carbonates; potassium carbonate exports declined notably to $706 in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,292%.

Export of Carbonates; Potassium Carbonate in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and Herzegovina0.3N/AN/A0.732.6%
CroatiaN/AN/A15.0N/A0%
North MacedoniaN/A4.00.5N/A-87.5%
MontenegroN/A0.20.4N/A100.0%
RomaniaN/AN/A1.4N/A0%
OthersN/AN/AN/AN/A0%
Total0.34.317.40.732.6%

Top Export Markets for Carbonates; Potassium Carbonate from Serbia in 2022:

  1. Bosnia and Herzegovina (203.0 kg)
  2. Montenegro (6.0 kg)

Source: IndexBox Market Intelligence Platform

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