Serbia: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Serbia

In 2022, the Serbian oxides of boron market was finally on the rise to reach $X after three years of decline. In general, consumption showed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Oxides Of Boron Production in Serbia

In value terms, oxides of boron production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Oxides Of Boron Exports

Exports from Serbia

In 2022, overseas shipments of oxides of boron, boric acids and inorganic acids increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, oxides of boron exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Hungary (X tons) was the main destination for oxides of boron exports from Serbia, with a X% share of total exports. Moreover, oxides of boron exports to Hungary exceeded the volume sent to the second major destination, Australia (X tons), threefold. The third position in this ranking was taken by Iran (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Iran (X.0% per year).

In value terms, Hungary ($X), Iran ($X) and Australia ($X) appeared to be the largest markets for oxides of boron exported from Serbia worldwide, together comprising X% of total exports.

Iran, with a CAGR of X.4%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average oxides of boron export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a abrupt slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Australia (X%), while the prices for the other major destinations experienced a decline.

Oxides Of Boron Imports

Imports into Serbia

In 2022, supplies from abroad of oxides of boron, boric acids and inorganic acids decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, oxides of boron imports reduced to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of oxides of boron to Serbia, with a X% share of total imports. Moreover, oxides of boron imports from Turkey exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by India (X tons), with an X% share.

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

In value terms, the largest oxides of boron suppliers to Serbia were Taiwan (Chinese) ($X), Turkey ($X) and India ($X), with a combined X% share of total imports.

India, with a CAGR of X%, saw 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 oxides of boron import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price 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, oxides of boron import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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