Serbia: Other Chemical Products Market 2024

Other Chemical Products Market Size in Serbia

The Serbian other chemical products market reduced slightly to $X in 2022, declining by X% against the previous year. In general, consumption recorded a slight descent. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Other Chemical Products Production in Serbia

In value terms, other chemical products production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Other Chemical Products Exports

Exports from Serbia

In 2016, overseas shipments of other chemical products decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2016, the growth of the exports failed to regain momentum.

In value terms, other chemical products exports rose to $X in 2016. The total export value increased at an average annual rate of X% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2016, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for other chemical products exports from Serbia, accounting for a X% share of total exports. Moreover, other chemical products exports to Hungary exceeded the volume sent to the second major destination, Romania (X tons), twofold. Montenegro (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2016, the average annual growth rate of volume to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Montenegro (X% per year).

In value terms, the largest markets for other chemical products exported from Serbia were Hungary ($X), Bosnia and Herzegovina ($X) and Montenegro ($X), with a combined X% share of total exports. North Macedonia, Russia, Romania and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2016, with an increase of X% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2016: its price increased at an average annual rate of X% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, other chemical products export price increased by X% against 2012 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Serbia

In 2016, supplies from abroad of other chemical products increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the maximum in 2016 and are expected to retain growth in the near future.

In value terms, other chemical products imports rose slightly to $X in 2016. In general, imports, however, recorded a noticeable descent. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2016, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2016, Slovenia (X tons) constituted the largest other chemical products supplier to Serbia, with a X% share of total imports. Moreover, other chemical products imports from Slovenia exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from Slovenia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Austria (X% per year).

In value terms, Ireland ($X), Germany ($X) and Italy ($X) appeared to be the largest other chemical products suppliers to Serbia, together comprising X% of total imports. The UK, Slovenia, Belgium, France, Denmark, the Netherlands, Austria, Turkey, Greece and Bulgaria lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2016, the average other chemical products import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2016, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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