Glass Fibre Filament Price in Serbia - 2024
Contents:
- Glass Fibre Filament Price in Serbia (CIF) - 2024
- Glass Fibre Filament Price in Serbia (FOB) - 2022
- Glass Fibre Filament Imports in Serbia
- Glass Fibre Filament Exports in Serbia
Glass Fibre Filament Price in Serbia (CIF) - 2024
In January 2024, the average glass fibre filament import price amounted to $637 per ton, shrinking by -10.1% against the previous month. Over the period under review, the import price recorded a noticeable reduction. The growth pace was the most rapid in April 2023 when the average import price increased by 49% against the previous month. As a result, import price attained the peak level of $1,359 per ton. From May 2023 to January 2024, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to January 2024, the rate of growth in terms of prices for China amounted to -3.5% per month.
Glass Fibre Filament Price in Serbia (FOB) - 2022
The average glass fibre filament export price stood at $2,675 per ton in 2022, surging by 30% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre filament export price increased by +90.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 34% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($2,738 per ton), while the average price for exports to Bosnia and Herzegovina amounted to $2,407 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+171.7%), while the prices for the other major destinations experienced more modest paces of growth.
Glass Fibre Filament Imports in Serbia
For the fourth consecutive year, Serbia recorded growth in supplies from abroad of glass fibre filaments, which increased by 40% to 14K tons in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, glass fibre filament imports surged to $20M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 118%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Glass Fibre Filament in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 4.6 | 10.8 | 19.2 | 61.0% |
| Belarus | 0.6 | 0.4 | N/A | N/A | -33.3% |
| Egypt | N/A | N/A | 0.6 | N/A | 0% |
| Others | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Total | 5.8 | 5.5 | 12.0 | 19.6 | 50.1% |
Top Suppliers of Glass Fibre Filament to Serbia in 2022:
- China (13.3K tons)
Glass Fibre Filament Exports in Serbia
In 2022, glass fibre filament exports from Serbia declined dramatically to 12 tons, waning by -82.1% against the year before. In general, exports saw a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 175%. As a result, the exports attained the peak of 70 tons, and then fell notably in the following year.
In value terms, glass fibre filament exports fell dramatically to $33K in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 268%. As a result, the exports reached the peak of $144K, and then contracted notably in the following year.
| Export of Glass Fibre Filament in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 16.5 | 11.3 | 16.7 | 25.4 | 15.5% |
| Bosnia and Herzegovina | 42.2 | 25.6 | 39.4 | 7.4 | -44.0% |
| Germany | 0.1 | N/A | 23.6 | 0.2 | 26.0% |
| Slovenia | N/A | N/A | 64.3 | N/A | 0% |
| Others | 0.5 | 2.3 | 0.3 | 0.4 | -7.2% |
| Total | 59.3 | 39.3 | 144 | 33.4 | -17.4% |
Top Export Markets for Glass Fibre Filament from Serbia in 2022:
- North Macedonia (9.3 tons)
- Bosnia and Herzegovina (3.1 tons)
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