Sulphites; of Sodium Price in Serbia - 2023

Contents:

1. Sulphites; of Sodium Price in Serbia (CIF) - 2022
2. Sulphites; of Sodium Price in Serbia (FOB) - 2022
3. Sulphites; of Sodium Imports in Serbia
4. Sulphites; of Sodium Exports in Serbia

Sulphites; of Sodium Price in Serbia (CIF) - 2022

The average sulphites; of sodium import price stood at $922 per ton in 2022, jumping by 41% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphites; of sodium import price increased by +69.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($1,936 per ton), while the price for Turkey ($816 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Sulphites; of Sodium Price in Serbia (FOB) - 2022

In 2022, the average sulphites; of sodium export price amounted to $1,104 per ton, rising by 43% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($1,552 per ton), while the average price for exports to Montenegro ($1,072 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 Bosnia and Herzegovina (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphites; of Sodium Imports in Serbia

In 2022, supplies from abroad of sulphites; of sodia was finally on the rise to reach 581 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a relatively flat trend pattern.

In value terms, sulphites; of sodium imports skyrocketed to $535K in 2022. Overall, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sulphites; of Sodium to Serbia in 2022:

1. Italy (302.7 tons)
2. Turkey (256.0 tons)
3. Belgium (13.4 tons)

Sulphites; of Sodium Exports in Serbia

In 2022, overseas shipments of sulphites; of sodia were finally on the rise to reach 187 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a perceptible curtailment.

In value terms, sulphites; of sodium exports surged to $206K in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Sulphites; of Sodium from Serbia in 2022:

1. Montenegro (182.8 tons)
2. North Macedonia (3.0 tons)

Source: IndexBox Market Intelligence Platform