Salicylic Acid Price in Serbia - 2023
Contents:
- Salicylic Acid Price in Serbia (CIF) - 2022
- Salicylic Acid Price in Serbia (FOB) - 2022
- Salicylic Acid Imports in Serbia
- Salicylic Acid Exports in Serbia
Salicylic Acid Price in Serbia (CIF) - 2022
In 2022, the average salicylic acid import price amounted to $6,440 per ton, jumping by 30% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salicylic acid import price decreased by -24.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $8,483 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($17,409 per ton), while the price for China ($5,541 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced a decline.
Salicylic Acid Price in Serbia (FOB) - 2022
In 2022, the average salicylic acid export price amounted to $11,595 per ton, surging by 51% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 62% against the previous year. The export price peaked at $13,205 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($19,939 per ton), while the average price for exports to North Macedonia stood at $6,771 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+10.7%).
Salicylic Acid Imports in Serbia
In 2022, the amount of salicylic acid and its salts imported into Serbia declined dramatically to 7.1 tons, with a decrease of -24% against the previous year. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 247% against the previous year.
In value terms, salicylic acid imports shrank modestly to $45K in 2022. Over the period under review, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 103%.
Import of Salicylic Acid in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 28.5 | 6.3 | 14.0 | 24.6 | -4.8% |
China | 32.0 | N/A | N/A | 10.0 | -32.1% |
Germany | 0.3 | 5.4 | 23.3 | 6.3 | 175.9% |
Greece | 0.6 | 1.3 | 1.5 | 1.9 | 46.8% |
Austria | N/A | N/A | 4.6 | N/A | 0% |
Others | 1.9 | 9.8 | 2.8 | 2.6 | 11.0% |
Total | 63.4 | 22.7 | 46.2 | 45.4 | -10.5% |
Top Suppliers of Salicylic Acid to Serbia in 2022:
- France (3.9 tons)
- China (1.8 tons)
- Germany (1.1 tons)
- Greece (0.1 tons)
Salicylic Acid Exports in Serbia
In 2022, shipments abroad of salicylic acid and its salts decreased by -22.2% to 2.9 tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year. As a result, the exports attained the peak of 3.7 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, salicylic acid exports skyrocketed to $33K in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 86% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
Export of Salicylic Acid in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | N/A | N/A | N/A | 19.9 | 0% |
North Macedonia | 11.9 | 24.2 | 27.2 | 12.2 | 0.8% |
Montenegro | 1.3 | 0.7 | 0.8 | 0.5 | -27.3% |
Others | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
Total | 13.5 | 25.0 | 28.2 | 33.0 | 34.7% |
Top Export Markets for Salicylic Acid from Serbia in 2022:
- North Macedonia (1800.0 kg)
- Russia (1000.0 kg)
- Montenegro (20.0 kg)
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