Serbia: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Serbia

The Serbian acrylic acid esters market rose markedly to $X in 2022, picking up by X% against the previous year. In general, consumption showed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Acrylic Acid Esters Production in Serbia

In value terms, acrylic acid esters production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Acrylic Acid Esters Exports

Exports from Serbia

In 2022, shipments abroad of esters of acrylic acid increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, acrylic acid esters exports soared to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X tons) was the main destination for acrylic acid esters exports from Serbia, accounting for a X% share of total exports. Moreover, acrylic acid esters exports to Belarus exceeded the volume sent to the second major destination, Ukraine (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Belarus was relatively modest.

In value terms, Belarus ($X) emerged as the key foreign market for esters of acrylic acid exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belarus was relatively modest.

Export Prices by Country

The average acrylic acid esters export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price saw a resilient expansion. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Belarus amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%).

Acrylic Acid Esters Imports

Imports into Serbia

Acrylic acid esters imports into Serbia skyrocketed to X tons in 2022, jumping by X% compared with 2021. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, acrylic acid esters imports expanded slightly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of acrylic acid esters to Serbia, accounting for a X% share of total imports. Moreover, acrylic acid esters imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X), France ($X) and Germany ($X) appeared to be the largest acrylic acid esters suppliers to Serbia, with a combined X% share of total imports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acrylic acid esters import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :