Price for Polyphenols; Resorcinol and Its Salts in Serbia - 2023

Contents:

1. Price for Polyphenols; Resorcinol and Its Salts in Serbia (CIF) - 2022
2. Price for Polyphenols; Resorcinol and Its Salts in Serbia (FOB) - 2022
3. Imports of Polyphenols; Resorcinol and Its Salts in Serbia
4. Exports of Polyphenols; Resorcinol and Its Salts in Serbia

Price for Polyphenols; Resorcinol and Its Salts in Serbia (CIF) - 2022

In 2022, the average import price for polyphenols; resorcinol and its saltses amounted to $11,040 per ton, with a decrease of -12.3% against the previous year. In general, the import price, however, saw mild growth. The growth pace was the most rapid in 2018 when the average import price increased by 57% against the previous year. Over the period under review, average import prices hit record highs at $13,633 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($11,529 per ton), while the price for China amounted to $9,678 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polyphenols; Resorcinol and Its Salts in Serbia (FOB) - 2022

In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $12,776 per ton, falling by -8.3% against the previous year. Over the period under review, the export price faced a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 66%. Over the period under review, the average export prices reached the maximum at $55,800 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($17,112 per ton) and Bulgaria ($13,067 per ton), while the average price for exports to Argentina ($12,485 per ton) and Spain ($12,610 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyphenols; Resorcinol and Its Salts in Serbia

For the fourth consecutive year, Serbia recorded growth in supplies from abroad of polyphenols; resorcinol and its saltses, which increased by 5.6% to 73 tons in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 57%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, polyphenols; resorcinol and its salts imports shrank to $811K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. As a result, imports reached the peak of $875K, and then dropped in the following year.

Top Suppliers of Polyphenols; Resorcinol and Its Salts to Serbia in 2022:

1. Germany (50.1 tons)
2. China (23.1 tons)

Exports of Polyphenols; Resorcinol and Its Salts in Serbia

In 2022, polyphenols; resorcinol and its salts exports from Serbia soared to 17 tons, growing by 17% on the previous year. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 103%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, polyphenols; resorcinol and its salts exports amounted to $217K in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 84%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Polyphenols; Resorcinol and Its Salts from Serbia in 2022:

1. Spain (10.6 tons)
2. Brazil (3.6 tons)
3. Argentina (1.5 tons)
4. Bulgaria (0.7 tons)
5. Romania (0.4 tons)

Source: IndexBox Market Intelligence Platform