Price for Petroleum gases and other gaseous hydrocarbons; liquefied, n.e.s. in heading no. 2711 in Serbia - 2023

Contents:

1. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Serbia (FOB) - 2022
2. Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Serbia (CIF) - 2022
3. Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Serbia
4. Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Serbia

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Serbia (FOB) - 2022

The average export price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $388 per ton in 2022, waning by -4.7% against the previous year. Over the period under review, the export price, however, continues to indicate mild growth. The pace of growth was the most pronounced in 2013 an increase of 152%. The export price peaked at $819 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to North Macedonia ($967 per ton) and Montenegro ($954 per ton), while the average price for exports to Bosnia and Herzegovina ($806 per ton) and Croatia ($934 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (-0.1%), while the prices for the other major destinations experienced a decline.

Price for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Serbia (CIF) - 2022

The average import price for liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes stood at $735 per ton in 2022, with an increase of 34% against the previous year. In general, the import price saw a resilient increase. The growth pace was the most rapid in 2021 an increase of 50% against the previous year. Over the period under review, average import prices attained the maximum at $748 per ton in 2019; however, from 2020 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 countries with the highest prices were Romania ($766 per ton) and Poland ($758 per ton), while the price for Croatia ($661 per ton) and the Czech Republic ($686 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Serbia

Exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes from Serbia was estimated at 4.3K tons in 2022, approximately equating the previous year. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 66%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes reduced slightly to $1.7M in 2022. The total export value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 41%. As a result, the exports reached the peak of $1.8M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene from Serbia in 2022:

1. Bosnia and Herzegovina (13.8K tons)
2. North Macedonia (8.9K tons)
3. Croatia (5.6K tons)
4. Montenegro (2.8K tons)
5. Ukraine (2.0K tons)

Imports of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene in Serbia

In 2022, overseas purchases of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes decreased by -0.9% to 34K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 17%. As a result, imports attained the peak of 35K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of liquefied petroleum gases other than propane, butanes, ethylene, propylene, butylene or butadienes surged to $25M in 2022. Overall, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +4.1% 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 +96.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Liquefied Petroleum Gases Other than Propane, Butanes, Ethylene, Propylene, Butylene or Butadiene to Serbia in 2022:

1. Romania (22.2K tons)
2. Kazakhstan (3.5K tons)
3. Croatia (2.2K tons)
4. Russia (2.2K tons)
5. Czech Republic (0.5K tons)

Source: IndexBox Market Intelligence Platform