Price for Double or Complex Silicates in Serbia - 2023

Contents:

1. Price for Double or Complex Silicates in Serbia (CIF) - 2022
2. Price for Double or Complex Silicates in Serbia (FOB) - 2022
3. Imports of Double or Complex Silicates in Serbia
4. Exports of Double or Complex Silicates in Serbia

Price for Double or Complex Silicates in Serbia (CIF) - 2022

In 2022, the average double or complex silicates import price amounted to $569 per ton, growing by 18% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. Over the period under review, average import prices hit record highs at $1,724 per ton in 2013; however, from 2014 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 Germany ($1,703 per ton), while the price for Bosnia and Herzegovina stood at $493 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (-2.0%).

Price for Double or Complex Silicates in Serbia (FOB) - 2022

The average double or complex silicates export price stood at $795 per ton in 2022, waning by -28.1% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 48% against the previous year. As a result, the export price reached the peak level of $1,282 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($6,028 per ton), while the average price for exports to Hungary ($398 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Double or Complex Silicates in Serbia

In 2022, purchases abroad of double or complex silicates decreased by -25.3% to 1.2K tons, falling for the second year in a row after two years of growth. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, double or complex silicates imports dropped to $704K in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year.

Top Suppliers of Double or Complex Silicates to Serbia in 2022:

1. Bosnia and Herzegovina (1147.8 tons)
2. Germany (46.9 tons)
3. Turkey (15.3 tons)

Exports of Double or Complex Silicates in Serbia

For the fourth consecutive year, Serbia recorded growth in shipments abroad of double or complex silicates, which increased by 88% to 107 tons in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, double or complex silicates exports soared to $85K in 2022. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 54%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Double or Complex Silicates from Serbia in 2022:

1. Czech Republic (53.3 tons)
2. Hungary (40.0 tons)
3. North Macedonia (6.7 tons)
4. Bosnia and Herzegovina (4.8 tons)

Source: IndexBox Market Intelligence Platform