Serbia - Propene (Propylene) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPropene Price in Serbia - 2023
Contents:
- Propene Price in Serbia (FOB) - 2023
- Propene Price in Serbia (CIF) - 2023
- Propene Exports in Serbia
- Propene Imports in Serbia
Propene Price in Serbia (FOB) - 2023
The average propene export price stood at $624 per ton in October 2023, flattening at the previous month. In general, the export price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 5.7% against the previous month. The export price peaked at $924 per ton in October 2022; however, from November 2022 to October 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for France.
From October 2022 to October 2023, the rate of growth in terms of prices for Poland amounted to -0.9% per month.
Propene Price in Serbia (CIF) - 2023
In October 2023, the average propene import price amounted to $430 per ton, declining by -3.5% against the previous month. In general, the import price recorded a slight decrease. The pace of growth was the most pronounced in June 2023 an increase of 361% m-o-m. Over the period under review, average import prices hit record highs at $3,424 per ton in December 2022; however, from January 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($2,684 per ton), while the price for Russia ($396 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 Italy (+0.6%), while the prices for the other major suppliers experienced a decline.
Propene Exports in Serbia
In 2022, shipments abroad of propene (propylene) decreased by -17.2% to 79K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a slight curtailment. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. As a result, the exports attained the peak of 106K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, propene exports amounted to $99M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Propene in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 20.8 | 22.4 | 29.4 | 38.5 | 22.8% |
| Romania | 13.4 | 15.7 | 29.6 | 23.4 | 20.4% |
| Germany | 23.8 | 17.4 | 26.9 | 22.3 | -2.1% |
| Italy | 9.1 | 10.2 | 12.1 | 14.8 | 17.6% |
| Others | N/A | 0.7 | N/A | 0.3 | -34.5% |
| Total | 67.1 | 66.3 | 98.0 | 99.4 | 14.0% |
Top Export Markets for Propene from Serbia in 2022:
- France (32.2K tons)
- Romania (17.9K tons)
- Germany (17.6K tons)
- Italy (11.4K tons)
Propene Imports in Serbia
In 2022, propene imports into Serbia surged to 7K tons, growing by 57% on the year before. Over the period under review, total imports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% 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 -13.0% against 2020 indices.
In value terms, propene imports reduced notably to $4.9M in 2022. Overall, imports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, imports reached the peak of $6.6M, and then dropped significantly in the following year.
| Import of Propene in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | N/A | N/A | N/A | 1.9 | 0% |
| Romania | 2.2 | 1.9 | N/A | 1.6 | -10.1% |
| Croatia | N/A | 1.1 | 2.1 | 1.1 | 0.0% |
| Russia | N/A | 0.8 | 2.5 | 0.1 | -64.6% |
| Hungary | 2.2 | 0.8 | 1.3 | N/A | -23.1% |
| Ukraine | 0.8 | 0.6 | 0.6 | N/A | -13.4% |
| Others | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Total | 5.5 | 5.3 | 6.6 | 4.9 | -3.8% |
Top Suppliers of Propene to Serbia in 2022:
- Romania (2.8K tons)
- Croatia (2.1K tons)
- Belarus (1.9K tons)
- Russia (0.1K tons)
This report provides an in-depth analysis of the propene market 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 20141140 - Propene (propylene)
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
-
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
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