Price for Ammonia; Anhydrous or in Aqueous Solution in Serbia - 2024

Contents:

  1. Price for Ammonia; Anhydrous or in Aqueous Solution in Serbia (CIF) - 2024
  2. Price for Ammonia; Anhydrous or in Aqueous Solution in Serbia (FOB) - 2022
  3. Imports of Ammonia; Anhydrous or in Aqueous Solution in Serbia
  4. Exports of Ammonia; Anhydrous or in Aqueous Solution in Serbia

Price for Ammonia; Anhydrous or in Aqueous Solution in Serbia (CIF) - 2024

In September 2023, the average import price for ammonia; anhydrous or in aqueous solutia amounted to $593 per ton, increasing by 5.5% against the previous month. In general, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 70% m-o-m. Over the period under review, average import prices reached the maximum at $1,312 per ton in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Bulgaria ($602 per ton), while the price for Slovakia ($235 per ton) was amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (-4.6%), while the prices for the other major suppliers experienced a decline.

Price for Ammonia; Anhydrous or in Aqueous Solution in Serbia (FOB) - 2022

The average export price for ammonia; anhydrous or in aqueous solutia stood at $2,024 per ton in 2022, growing by 68% against the previous year. In general, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 147%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($4,786 per ton), while the average price for exports to Bosnia and Herzegovina ($1,893 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 North Macedonia (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ammonia; Anhydrous or in Aqueous Solution in Serbia

After two years of decline, supplies from abroad of ammonia; anhydrous or in aqueous solutia increased by 79% to 88K tons in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of ammonia; anhydrous or in aqueous solutia surged to $60M in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Ammonia; Anhydrous or in Aqueous Solution in Serbia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bulgaria17.29.523.747.440.2%
TurkeyN/AN/AN/A7.20%
Saudi ArabiaN/AN/AN/A4.20%
Romania0.31.60.40.626.0%
Hungary0.50.40.50.4-7.2%
Russia3.86.2N/AN/A63.2%
Croatia1.30.30.1N/A-72.3%
OthersN/A0.20.10.673.2%
Total23.118.124.860.437.8%

Top Suppliers of Ammonia; Anhydrous or in Aqueous Solution to Serbia in 2022:

  1. Bulgaria (76.0K tons)
  2. Turkey (5.8K tons)
  3. Saudi Arabia (2.6K tons)
  4. Hungary (1.4K tons)
  5. Romania (1.1K tons)
  6. Croatia (0.2K tons)

Exports of Ammonia; Anhydrous or in Aqueous Solution in Serbia

Exports of ammonia; anhydrous or in aqueous solutia from Serbia reduced rapidly to 81 tons in 2022, which is down by -77.8% compared with 2021 figures. Over the period under review, exports saw a precipitous contraction. The smallest decline of -1.2% was in 2021.

In value terms, exports of ammonia; anhydrous or in aqueous solutia shrank notably to $164K in 2022. Overall, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 144%.

Export of Ammonia; Anhydrous or in Aqueous Solution in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and Herzegovina461167423144-32.1%
North Macedonia1.89.711.112.188.7%
GreeceN/AN/A1.17.9618.2%
Bulgaria17.7N/AN/AN/A0%
Others4.64.35.10.2-64.8%
Total486181440164-30.4%

Top Export Markets for Ammonia; Anhydrous or in Aqueous Solution from Serbia in 2022:

  1. Bosnia and Herzegovina (76.1 tons)
  2. North Macedonia (2.5 tons)
  3. Greece (2.4 tons)

Source: IndexBox Market Intelligence Platform

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