Price for Pectic Substances; Pectinates and Pectates in Serbia - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Serbia (CIF) - 2023
2. Price for Pectic Substances; Pectinates and Pectates in Serbia (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Serbia
4. Exports of Pectic Substances; Pectinates and Pectates in Serbia

Price for Pectic Substances; Pectinates and Pectates in Serbia (CIF) - 2023

In September 2023, the average import price for pectic substances; pectinates and pectateses amounted to $12,233 per ton, falling by -35.5% against the previous month. Over the period under review, the import price, however, showed modest growth. The pace of growth was the most pronounced in August 2023 when the average import price increased by 414% against the previous month. Over the period under review, average import prices attained the maximum at $24,786 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($23,570 per ton), while the price for Spain ($10,101 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Serbia (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $12,090 per ton, which is down by -10.1% against the previous year. Overall, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 104%. As a result, the export price attained the peak level of $18,764 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($14,942 per ton), while the average price for exports to Croatia ($7,449 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 Bosnia and Herzegovina (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Pectic Substances; Pectinates and Pectates in Serbia

In 2022, approx. 74 tons of pectic substances; pectinates and pectateses were imported into Serbia; with an increase of 12% against the year before. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 61% against the previous year. As a result, imports reached the peak of 93 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, pectic substances; pectinates and pectates imports stood at $1.1M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 97% against the previous year. As a result, imports reached the peak of $1.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Serbia in 2022:

1. Spain (17.3 tons)
2. France (15.6 tons)
3. Czech Republic (11.4 tons)
4. Germany (10.2 tons)
5. Switzerland (9.2 tons)
6. Denmark (4.1 tons)
7. Austria (3.0 tons)
8. Bulgaria (0.4 tons)

Exports of Pectic Substances; Pectinates and Pectates in Serbia

In 2022, shipments abroad of pectic substances; pectinates and pectateses decreased by -42.9% to 24 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 901% against the previous year.

In value terms, pectic substances; pectinates and pectates exports reduced markedly to $291K in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 639% against the previous year.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Serbia in 2022:

1. North Macedonia (20.2 tons)
2. Bosnia and Herzegovina (2.7 tons)
3. Croatia (1.0 tons)

Source: IndexBox Market Intelligence Platform