Price for Mineral Substances Not Elsewhere Specified or Included in Serbia - 2023

Contents:

  1. Price for Mineral Substances Not Elsewhere Specified or Included in Serbia (CIF) - 2022
  2. Price for Mineral Substances Not Elsewhere Specified or Included in Serbia (FOB) - 2022
  3. Imports of Mineral Substances Not Elsewhere Specified or Included in Serbia
  4. Exports of Mineral Substances Not Elsewhere Specified or Included in Serbia

Price for Mineral Substances Not Elsewhere Specified or Included in Serbia (CIF) - 2022

In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $269 per ton, jumping by 48% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mineral substances not elsewhere specified or includeds increased by +69.8% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($1,209 per ton), while the price for Slovakia ($123 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mineral Substances Not Elsewhere Specified or Included in Serbia (FOB) - 2022

The average export price for mineral substances not elsewhere specified or includeds stood at $500 per ton in 2022, waning by -8.2% against the previous year. Overall, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2019 an increase of 55%. Over the period under review, the average export prices hit record highs at $720 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($756 per ton), while the average price for exports to Croatia ($275 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 Italy (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral Substances Not Elsewhere Specified or Included in Serbia

In 2022, supplies from abroad of mineral substances not elsewhere specified or includeds decreased by -32.4% to 21K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 13%. As a result, imports reached the peak of 34K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mineral substances not elsewhere specified or includeds declined slightly to $5.7M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 23%. As a result, imports reached the peak of $5.9M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Mineral Substances Not Elsewhere Specified or Included in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia2,9713,9703,1202,169-10.0%
Spain90.388.342.81,423150.7%
Slovakia5513433426837.4%
Austria2894857453648.0%
Hungary0.4131176136598.0%
Greece29924.8384127-24.8%
Italy53.499.613911428.8%
Romania17311137.923.7-48.4%
Others35964968963420.9%
Total4,7865,9015,6775,6755.8%

Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Serbia in 2022:

  1. Russia (10.4K tons)
  2. Slovakia (5.6K tons)
  3. Spain (1.2K tons)
  4. Austria (0.9K tons)
  5. Hungary (0.9K tons)
  6. Greece (0.8K tons)
  7. Italy (0.5K tons)
  8. Romania (0.1K tons)

Exports of Mineral Substances Not Elsewhere Specified or Included in Serbia

In 2022, approx. 2.1K tons of mineral substances not elsewhere specified or includeds were exported from Serbia; increasing by 70% compared with the previous year's figure. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 460%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of mineral substances not elsewhere specified or includeds skyrocketed to $1M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 323% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Mineral Substances Not Elsewhere Specified or Included in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PeruN/AN/A11218867.9%
IndiaN/AN/A1341436.7%
RussiaN/A1.859.6108674.6%
Montenegro5.713.247.8100159.8%
Bosnia and Herzegovina45.260.075.590.726.1%
EgyptN/AN/A29.888.8198.0%
BoliviaN/AN/A17.747.9170.6%
Italy0.7N/A13.132.8260.5%
KenyaN/AN/AN/A29.60%
MalaysiaN/AN/AN/A27.40%
Taiwan (Chinese)N/AN/AN/A15.30%
JordanN/AN/AN/A15.30%
Croatia17.824.437.713.2-9.5%
Others40.360.014815055.0%
Total1101596751,050112.1%

Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Serbia in 2022:

  1. Peru (386.0 tons)
  2. Montenegro (334.5 tons)
  3. India (305.7 tons)
  4. Egypt (252.0 tons)
  5. Russia (188.6 tons)
  6. Bosnia and Herzegovina (119.9 tons)
  7. Bolivia (84.0 tons)
  8. Italy (61.6 tons)
  9. Malaysia (52.0 tons)
  10. Croatia (48.0 tons)
  11. Kenya (42.0 tons)
  12. Taiwan (Chinese) (40.0 tons)
  13. Jordan (40.0 tons)

Source: IndexBox Market Intelligence Platform

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