Serbia - Nitric Acid And Sulphonitric Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Nitric and Sulphonitric Acids in Serbia - 2023
Contents:
- Price for Nitric and Sulphonitric Acids in Serbia (CIF) - 2023
- Price for Nitric and Sulphonitric Acids in Serbia (FOB) - 2022
- Imports of Nitric and Sulphonitric Acids in Serbia
- Exports of Nitric and Sulphonitric Acids in Serbia
Price for Nitric and Sulphonitric Acids in Serbia (CIF) - 2023
In October 2023, the average nitric and sulphonitric acids import price amounted to $515 per ton, surging by 14% against the previous month. Overall, the import price, however, recorded a abrupt setback. The pace of growth was the most pronounced in August 2023 an increase of 44% against the previous month. Over the period under review, average import prices attained the peak figure at $948 per ton in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Poland ($608 per ton), while the price for Croatia ($225 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Croatia (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Nitric and Sulphonitric Acids in Serbia (FOB) - 2022
In 2022, the average nitric and sulphonitric acids export price amounted to $505 per ton, with an increase of 23% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nitric and sulphonitric acids export price increased by +92.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 37%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($569 per ton), while the average price for exports to North Macedonia ($480 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 (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nitric and Sulphonitric Acids in Serbia
In 2022, approx. 6.2K tons of nitric acid and sulphonitric acids were imported into Serbia; increasing by 24% compared with the year before. In general, imports recorded notable growth. The growth pace was the most rapid in 2021 when imports increased by 206%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, nitric and sulphonitric acids imports surged to $3.6M in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 428%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Nitric and Sulphonitric Acids in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 1,332 | 297 | 1,696 | 3,004 | 31.1% |
Hungary | 201 | 72.5 | 282 | 453 | 31.1% |
Slovakia | 59.3 | 13.4 | 37.1 | 27.2 | -22.9% |
Others | 57.3 | 14.7 | 84.6 | 110 | 24.3% |
Total | 1,650 | 397 | 2,100 | 3,594 | 29.6% |
Top Suppliers of Nitric and Sulphonitric Acids to Serbia in 2022:
- Slovakia (undefinedK tons)
- Poland (4.2K tons)
- Hungary (1.8K tons)
Exports of Nitric and Sulphonitric Acids in Serbia
In 2022, the amount of nitric acid and sulphonitric acids exported from Serbia rose remarkably to 236 tons, picking up by 9.7% against the year before. In general, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. As a result, the exports attained the peak of 294 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, nitric and sulphonitric acids exports soared to $119K in 2022. The total export value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Nitric and Sulphonitric Acids in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
North Macedonia | 31.7 | 39.0 | 24.8 | 75.3 | 33.4% |
Bosnia and Herzegovina | 44.0 | 47.5 | 37.8 | 22.7 | -19.8% |
Montenegro | 20.7 | 17.7 | 19.5 | 20.9 | 0.3% |
Others | N/A | 0.2 | 5.8 | N/A | 2800.0% |
Total | 96.4 | 104 | 88.0 | 119 | 7.3% |
Top Export Markets for Nitric and Sulphonitric Acids from Serbia in 2022:
- North Macedonia (156.9 tons)
- Bosnia and Herzegovina (40.0 tons)
- Montenegro (38.8 tons)
This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20151050 - Nitric acid, sulphonitric acids
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Serbia.
This report provides an in-depth analysis of the global market for nitric and sulphonitric acids.
This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Serbia.
This report provides an in-depth analysis of the global market for nitric and sulphonitric acids.
In value terms, nitric acids and sulphonitric acids imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated so...
In value terms, nitric acids and sulphonitric acids exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend ...
In value terms, nitric acids and sulphonitric acids imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated so...
In value terms, nitric acids and sulphonitric acids exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend ...