Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Serbia - 2023

Contents:

  1. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Serbia (CIF) - 2022
  2. Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Serbia (FOB) - 2022
  3. Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Serbia
  4. Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Serbia

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Serbia (CIF) - 2022

In 2022, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $3,605 per ton, increasing by 14% against the previous year. In general, the import price, however, continues to indicate a noticeable setback. The growth pace was the most rapid in 2017 an increase of 96%. The import price peaked at $5,915 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($3,917 per ton), while the price for China ($3,198 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.4%), while the prices for the other major suppliers experienced a decline.

Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Serbia (FOB) - 2022

The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $27,733 per ton in 2022, growing by 1,549% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($30,000 per ton), while the average price for exports to Croatia amounted to $27,571 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (-4.0%).

Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Serbia

Imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses into Serbia skyrocketed to 3.2 tons in 2022, picking up by 21% against the year before. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 1,881%. As a result, imports reached the peak of 3.7 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses skyrocketed to $12K in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 1,045%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/AN/AN/A4.70%
Germany0.71.43.93.571.0%
ChinaN/AN/A0.63.4466.7%
SpainN/A3.2N/AN/A0%
RussiaN/AN/A1.9N/A0%
BelgiumN/A1.90.1N/A-94.7%
United StatesN/A0.20.7N/A250.0%
FranceN/AN/A1.2N/A0%
TurkeyN/A0.9N/AN/A0%
OthersN/AN/AN/AN/A0%
Total0.77.78.511.7155.7%

Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Serbia in 2022:

  1. Netherlands (1.2 tons)
  2. China (1.1 tons)
  3. Germany (1.0 tons)

Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Serbia

In 2022, approx. 30 kg of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were exported from Serbia; growing by 36% against 2021. Over the period under review, total exports indicated a significant increase from 2021 to 2022: its volume increased at an average annual rate of +36.4% over the last one-year period. The trend pattern, however, 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 acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses soared to $832 in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Serbia (USD)
COUNTRY20212022CAGR,
2021-2022
CroatiaN/A7720%
MontenegroN/A60.00%
Bosnia and Herzegovina37.0N/A0%
OthersN/AN/A0%
Total37.08322148.6%

Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from Serbia in 2022:

  1. Croatia (28.0 kg)
  2. Montenegro (2.0 kg)

Source: IndexBox Market Intelligence Platform

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