Serbia - Saturated Acyclic Monocarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 23, 2024

Serbia - Saturated Acyclic Monocarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights

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Price for Saturated Acyclic Monocarboxylic Acids in Serbia - 2023

Contents:

  1. Price for Saturated Acyclic Monocarboxylic Acids in Serbia (FOB) - 2022
  2. Price for Saturated Acyclic Monocarboxylic Acids in Serbia (CIF) - 2022
  3. Exports of Saturated Acyclic Monocarboxylic Acids in Serbia
  4. Imports of Saturated Acyclic Monocarboxylic Acids in Serbia

Price for Saturated Acyclic Monocarboxylic Acids in Serbia (FOB) - 2022

The average saturated acyclic monocarboxylic acids export price stood at $2,886 per ton in 2022, with an increase of 535% against the previous year. In general, the export price showed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($7,583 per ton), while the average price for exports to Poland ($1,825 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 Belgium (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Saturated Acyclic Monocarboxylic Acids in Serbia (CIF) - 2022

The average saturated acyclic monocarboxylic acids import price stood at $2,026 per ton in 2022, with an increase of 21% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, saturated acyclic monocarboxylic acids import price increased by +78.2% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 47%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($5,677 per ton), while the price for the UK ($1,308 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Saturated Acyclic Monocarboxylic Acids in Serbia

After three years of growth, overseas shipments of saturated acyclic monocarboxylic acids decreased by -99.8% to 263 tons in 2022. Overall, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 55%. As a result, the exports reached the peak of 131K tons, and then reduced sharply in the following year.

In value terms, saturated acyclic monocarboxylic acids exports shrank notably to $758K in 2022. Over the period under review, exports recorded a sharp setback. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. As a result, the exports attained the peak of $59M, and then dropped sharply in the following year.

Export of Saturated Acyclic Monocarboxylic Acids in Serbia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
North Macedonia0.60.40.70.3-20.6%
Bosnia and Herzegovina0.30.20.20.1-30.7%
RussiaN/AN/A0.70.1-85.7%
Spain3.74.011.2N/A74.0%
Belgium12.512.218.0N/A20.0%
Slovenia0.1N/A0.2N/A41.4%
MontenegroN/A0.10.1N/A0.0%
Greece0.10.10.1N/A0.0%
Poland11.87.512.0N/A0.8%
Italy1.62.31.1N/A-17.1%
Turkey1.86.52.3N/A13.0%
Ukraine7.51.38.7N/A7.7%
Others2.61.64.2N/A27.1%
Total42.636.059.40.8-73.4%

Top Export Markets for Saturated Acyclic Monocarboxylic Acids from Serbia in 2022:

  1. North Macedonia (131.2 tons)
  2. Bosnia and Herzegovina (65.8 tons)
  3. Russia (18.6 tons)
  4. Slovenia (14.3 tons)
  5. Montenegro (8.5 tons)
  6. Greece (6.8 tons)
  7. Poland (6.0 tons)
  8. Italy (5.0 tons)
  9. Belgium (1.5 tons)
  10. Turkey (0.1 tons)

Imports of Saturated Acyclic Monocarboxylic Acids in Serbia

After three years of growth, supplies from abroad of saturated acyclic monocarboxylic acids decreased by -0.6% to 8.8K tons in 2022. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year.

In value terms, saturated acyclic monocarboxylic acids imports surged to $18M in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Saturated Acyclic Monocarboxylic Acids in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2,8462,5453,8605,82627.0%
China8981,1972,9983,79961.7%
Belgium2743243111,04056.0%
United States42456965090128.6%
Turkey72.73911,292806123.0%
United Kingdom29742933076136.8%
Italy25120066265837.9%
Malaysia35156249860820.1%
Saudi Arabia17430941252344.3%
Netherlands12519113748457.0%
Bosnia and Herzegovina483524602410-5.3%
Ukraine9367091,020308-31.0%
Russia529530468299-17.3%
Others1,3971,0461,5501,387-0.2%
Total9,0589,52514,78917,81125.3%

Top Suppliers of Saturated Acyclic Monocarboxylic Acids to Serbia in 2022:

  1. Germany (2841.1 tons)
  2. China (2363.4 tons)
  3. United Kingdom (582.1 tons)
  4. Turkey (473.0 tons)
  5. Saudi Arabia (335.3 tons)
  6. United States (235.9 tons)
  7. Netherlands (228.9 tons)
  8. Bosnia and Herzegovina (216.5 tons)
  9. Malaysia (186.0 tons)
  10. Belgium (183.1 tons)
  11. Italy (177.6 tons)
  12. Ukraine (159.5 tons)
  13. Russia (135.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic 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 20143215 - Ethyl acetate
  • Prodcom 20143219 - Esters of acetic acid (excluding ethyl acetate)
  • Prodcom 20143220 - Mono-, di- or tri-chloroacetic acids, propionic, butanoic and pentanoic acids, their salts and esters
  • Prodcom 20143230 -
  • Prodcom 20143240 -
  • Prodcom 20143250 - Formic acid, its salts and esters
  • Prodcom 20143271 - Acetic acid
  • Prodcom 20143278 - Salts of acetic acid
  • Prodcom 20143280 - Lauric acid and others, salts and esters

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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