Serbia: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in Serbia

In 2020, the Serbian acyclic hydrocarbons market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2020, consumption failed to regain momentum.

Acyclic Hydrocarbons Production in Serbia

In value terms, acyclic hydrocarbons production declined to $X in 2020 estimated in export price. In general, production recorded a perceptible descent. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2020, production failed to regain momentum.

Acyclic Hydrocarbons Exports

Exports from Serbia

In 2020, overseas shipments of acyclic hydrocarbons were finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2020, the growth of the exports failed to regain momentum.

In value terms, acyclic hydrocarbons exports reduced notably to $X in 2020. Over the period under review, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2020, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for acyclic hydrocarbons exports from Serbia, with a X% share of total exports. Moreover, acyclic hydrocarbons exports to Germany exceeded the volume sent to the second major destination, France (X tons), fourfold. Turkey (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Turkey (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for acyclic hydrocarbons exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and France (X% per year).

Export Prices by Country

The average acyclic hydrocarbons export price stood at $X per ton in 2020, declining by X% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Imports

Imports into Serbia

In 2020, purchases abroad of acyclic hydrocarbons decreased by X% to X tons, falling for the fifth year in a row after two years of growth. Overall, imports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, acyclic hydrocarbons imports reduced rapidly to $X in 2020. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2020, the growth of imports remained at a lower figure.

Imports by Country

In 2020, Belgium (X tons) constituted the largest supplier of acyclic hydrocarbons to Serbia, accounting for a X% share of total imports. Moreover, acyclic hydrocarbons imports from Belgium exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. The third position in this ranking was held by Belarus (X tons), with a X% share.

From 2012 to 2020, the average annual growth rate of volume from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Belarus (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of acyclic hydrocarbons to Serbia, comprising X% of total imports. The second position in the ranking was held by Hungary ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2020, the average annual growth rate of value from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Belarus (X% per year).

Import Prices by Country

The average acyclic hydrocarbons import price stood at $X per ton in 2020, with an increase of X% against the previous year. In general, the import price, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Croatia ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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