Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Serbia - 2024

Contents:

  1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Serbia (CIF) - 2024
  2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Serbia (FOB) - 2022
  3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Serbia
  4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Serbia

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Serbia (CIF) - 2024

In January 2024, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $2,864 per ton, falling by -3.1% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 12% month-to-month. The import price peaked at $3,146 per ton in April 2023; however, from May 2023 to January 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Slovenia ($4,538 per ton), while the price for Spain ($600 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Serbia (FOB) - 2022

In 2022, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $2,286 per ton, approximately equating the previous year. Over the period under review, the export price showed a noticeable contraction. The pace of growth was the most pronounced in 2020 an increase of 50%. The export price peaked at $4,371 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($6,817 per ton), while the average price for exports to Belarus ($77 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 (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Serbia

Imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into Serbia skyrocketed to 42K tons in 2022, increasing by 63% compared with the previous year. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips skyrocketed to $113M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Serbia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy8.410.111.631.254.9%
Germany5.88.810.820.051.1%
Bulgaria7.16.88.315.329.2%
Poland6.84.34.113.826.6%
Czech Republic2.11.41.75.840.3%
Slovenia3.03.34.75.018.6%
Romania2.36.33.24.424.1%
France1.92.02.43.927.1%
Spain0.70.70.93.571.0%
Others4.74.04.99.727.3%
Total42.847.852.711338.2%

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Serbia in 2022:

  1. Italy (10.5K tons)
  2. Germany (7.4K tons)
  3. Poland (5.5K tons)
  4. Spain (5.3K tons)
  5. Bulgaria (4.4K tons)
  6. Czech Republic (2.2K tons)
  7. France (2.2K tons)
  8. Romania (1.9K tons)
  9. Slovenia (1.5K tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Serbia

In 2022, approx. 5.1K tons of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips were exported from Serbia; surging by 52% compared with the previous year's figure. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 111% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips surged to $12M in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 65% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Export of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia2,6792,7654,5493,0774.7%
United Arab EmiratesN/AN/AN/A2,7750%
TurkeyN/A1791,0042,313259.5%
Slovakia1,2501,3461,4341,95716.1%
Poland17.038.982.8307162.4%
HungaryN/AN/A24328115.6%
North Macedonia81.776.984.314922.2%
Italy1,19311277.383.5-58.8%
Belarus85.013.638.721.6-36.7%
Others31121830180437.2%
Total5,6174,7497,81311,76828.0%

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Serbia in 2022:

  1. Turkey (2658.2 tons)
  2. Russia (523.8 tons)
  3. United Arab Emirates (407.1 tons)
  4. Slovakia (296.5 tons)
  5. Belarus (283.0 tons)
  6. Poland (137.2 tons)
  7. Hungary (108.0 tons)
  8. North Macedonia (67.4 tons)
  9. Italy (37.8 tons)

Source: IndexBox Market Intelligence Platform

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