Serbia - Nitrates Of Potassium - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Serbia - Nitrates Of Potassium - Market Analysis, Forecast, Size, Trends And Insights

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Potassium Nitrate Price in Serbia - 2023

Contents:

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

Potassium Nitrate Price in Serbia (CIF) - 2022

The average potassium nitrate import price stood at $1,549 per ton in 2022, rising by 41% against the previous year. In general, the import price showed a measured expansion. The pace of growth was the most pronounced in 2016 an increase of 106% against the previous year. As a result, import price attained the peak level of $1,931 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Denmark ($1,758 per ton) and Germany ($1,747 per ton), while the price for Chile ($1,516 per ton) and Greece ($1,550 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Potassium Nitrate Price in Serbia (FOB) - 2022

In 2022, the average potassium nitrate export price amounted to $1,985 per ton, increasing by 113% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 536%. Over the period under review, the average export prices reached the maximum at $11,088 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($5,000 per ton), while the average price for exports to North Macedonia ($1,408 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

Potassium Nitrate Imports in Serbia

In 2022, approx. 1.4K tons of potassium nitrates were imported into Serbia; falling by -14.7% compared with the year before. Overall, imports continue to indicate a significant contraction. The smallest decline of -13.7% was in 2021.

In value terms, potassium nitrate imports skyrocketed to $2.2M in 2022. In general, imports saw a dramatic shrinkage.

Import of Potassium Nitrate in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile66.92311751,229163.9%
Netherlands15416691.773068.0%
Belgium318334150110-29.8%
Germany0.51.234.641.6336.6%
Denmark23.964.216840.118.8%
Greece3,24329776322.3-81.0%
China283410N/A3.0-78.0%
SwitzerlandN/AN/A381N/A0%
Others41160.675.530.0-58.2%
Total4,4991,5641,8392,206-21.1%

Top Suppliers of Potassium Nitrate to Serbia in 2022:

  1. Chile (810.5 tons)
  2. Netherlands (470.4 tons)
  3. Belgium (69.6 tons)
  4. Germany (23.8 tons)
  5. Denmark (22.8 tons)
  6. Greece (14.4 tons)
  7. China (1.0 tons)

Potassium Nitrate Exports in Serbia

In 2022, exports of potassium nitrates from Serbia soared to 35 tons, jumping by 42% on 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 44,209%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, potassium nitrate exports skyrocketed to $70K in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 7,971%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Export of Potassium Nitrate in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Montenegro9.00.3N/A54.982.7%
North MacedoniaN/AN/AN/A15.20%
CroatiaN/AN/A5.7N/A0%
GreeceN/AN/A17.4N/A0%
OthersN/AN/AN/AN/A0%
Total9.00.323.170.198.2%

Top Export Markets for Potassium Nitrate from Serbia in 2022:

  1. Montenegro (24.5 tons)
  2. North Macedonia (10.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the potassium nitrate 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:

  • FCL 4025 - Potassium nitrate

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Nitrates Of Potassium - Serbia