Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Serbia - 2023

Contents:

1. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Serbia (CIF) - 2023
2. Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Serbia (FOB) - 2022
3. Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Serbia
4. Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Serbia

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Serbia (CIF) - 2023

In November 2023, the average import price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium amounted to $4,406 per ton, with a decrease of -6.2% against the previous month. Over the period under review, the import price continues to indicate a slight contraction. The growth pace was the most rapid in December 2022 an increase of 16% m-o-m. Over the period under review, average import prices reached the peak figure at $6,164 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($7,836 per ton), while the price for Luxembourg ($1,465 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Greece (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Serbia (FOB) - 2022

The average export price for paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium stood at $2,794 per ton in 2022, growing by 44% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $2,998 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($5,033 per ton), while the average price for exports to Croatia ($914 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 Belarus (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Serbia

For the fourth year in a row, Serbia recorded growth in supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, which increased by 9.6% to 2.6K tons in 2022. The total import volume increased at an average annual rate of +11.0% 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 appeared the most rapid in 2020 when imports increased by 18% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium expanded notably to $13M in 2022. The total import value increased at an average annual rate of +13.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium to Serbia in 2022:

1. Italy (621.8 tons)
2. Germany (459.7 tons)
3. Slovenia (452.4 tons)
4. Greece (270.6 tons)
5. Luxembourg (209.6 tons)
6. Croatia (186.9 tons)
7. Poland (70.1 tons)

Exports of Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium in Serbia

For the fourth year in a row, Serbia recorded growth in overseas shipments of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium, which increased by 4.5% to 2.2K tons in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, non-aqueous medium soared to $6.1M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Paints and Varnishes, Based On Acrylic or Vinyl Polymers, Non-Aqueous Medium from Serbia in 2022:

1. Bosnia and Herzegovina (593.9 tons)
2. North Macedonia (476.1 tons)
3. Montenegro (300.8 tons)
4. Belarus (255.6 tons)
5. Croatia (173.5 tons)
6. Slovenia (77.0 tons)
7. Italy (61.6 tons)

Source: IndexBox Market Intelligence Platform