Serbia: Market for Industrial Monocarboxylic Fatty Acids 2024

Market Size for Industrial Monocarboxylic Fatty Acids in Serbia

The Serbian industrial monocarboxylic fatty acids market reached $X in 2022, approximately mirroring the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Production of Industrial Monocarboxylic Fatty Acids in Serbia

In value terms, industrial monocarboxylic fatty acids production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Industrial monocarboxylic fatty acids production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Serbia

In 2022, overseas shipments of industrial monocarboxylic fatty acids increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2022. Overall, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for industrial monocarboxylic fatty acids exports from Serbia, accounting for a X% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Turkey (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for industrial monocarboxylic fatty acids exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Germany (X% per year).

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price posted noticeable growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Germany ($X 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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Serbia

For the fifth consecutive year, Serbia recorded growth in purchases abroad of industrial monocarboxylic fatty acids, which increased by X% to X tons in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of industrial monocarboxylic fatty acids to Serbia, accounting for a X% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Serbia, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average industrial monocarboxylic fatty acids import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price enjoyed pronounced growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Italy ($X per ton), while the price for Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :