Price for Chain and Parts Thereof, of Iron or Steel in Serbia - 2024
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Serbia (CIF) - 2024
- Price for Chain and Parts Thereof, of Iron or Steel in Serbia (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Serbia
- Exports of Chain and Parts Thereof, of Iron or Steel in Serbia
Price for Chain and Parts Thereof, of Iron or Steel in Serbia (CIF) - 2024
In January 2024, the average import price for chain and parts thereof, of iron or steel amounted to $6,917 per ton, with an increase of 33% against the previous month. Over the period under review, import price indicated a prominent expansion from February 2023 to January 2024: its price increased at an average monthly rate of +5.7% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for chain and parts thereof, of iron or steel increased by +40.9% against October 2023 indices. The pace of growth was the most pronounced in March 2023 an increase of 62% month-to-month. Over the period under review, average import prices attained the maximum at $8,654 per ton in August 2023; however, from September 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($31,742 per ton), while the price for Turkey ($2,325 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Georgia (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Serbia (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $3,839 per ton in 2022, increasing by 24% against the previous year. Over the period under review, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($7,064 per ton), while the average price for exports to Germany ($2,341 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 Slovenia (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Serbia
In 2022, the amount of chain and parts thereof, of iron or steel imported into Serbia expanded slightly to 1.6K tons, increasing by 2.9% on 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 5.3% against the previous year.
In value terms, imports of chain and parts thereof, of iron or steel amounted to $9.5M in 2022. The total import value increased at an average annual rate of +10.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 2.1 | 2.8 | 3.2 | 11.6% |
| Germany | 1.2 | 1.8 | 2.0 | 2.1 | 20.5% |
| Italy | 1.2 | 1.4 | 1.3 | 1.5 | 7.7% |
| Turkey | 0.2 | 0.5 | 0.6 | 0.6 | 44.2% |
| Slovenia | 0.5 | 0.3 | 0.5 | 0.5 | 0.0% |
| Czech Republic | 0.4 | 0.1 | 0.2 | 0.3 | -9.1% |
| Netherlands | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 1.1 | 1.6 | 1.2 | 1.1 | 0.0% |
| Total | 7.0 | 8.0 | 8.7 | 9.5 | 10.7% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Serbia in 2022:
- China (882.2 tons)
- Turkey (201.8 tons)
- Italy (198.6 tons)
- Germany (108.9 tons)
- Slovenia (80.2 tons)
- Czech Republic (50.2 tons)
- Netherlands (19.4 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Serbia
For the third year in a row, Serbia recorded decline in overseas shipments of chain and parts thereof, of iron or steel, which decreased by -21.5% to 1.9K tons in 2022. In general, exports recorded a abrupt descent. The smallest decline of -3.4% was in 2020.
In value terms, exports of chain and parts thereof, of iron or steel reduced modestly to $7.4M in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, the exports attained the peak of $7.5M, and then fell in the following year.
| Export of Chain and Parts Thereof, of Iron or Steel in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.2 | 2.1 | 2.4 | 2.1 | -1.5% |
| France | 1.5 | 1.8 | 2.1 | 1.6 | 2.2% |
| Italy | 0.9 | 0.7 | 0.6 | 1.2 | 10.1% |
| Bosnia and Herzegovina | 0.9 | 0.7 | 0.6 | 0.5 | -17.8% |
| Hungary | 0.4 | 0.3 | 0.5 | 0.4 | 0.0% |
| Croatia | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Others | 0.7 | 0.7 | 1.1 | 1.5 | 28.9% |
| Total | 6.5 | 6.6 | 7.5 | 7.4 | 4.4% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Serbia in 2022:
- Germany (890.1 tons)
- France (365.6 tons)
- Italy (264.2 tons)
- Hungary (124.1 tons)
- Bosnia and Herzegovina (81.2 tons)
- Croatia (32.5 tons)
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