Serbia: Alums Market 2024

Alums Market Size in Serbia

In 2022, after two years of growth, there was significant decline in the Serbian alums market, when its value decreased by -11% to $X. Overall, consumption, however, posted prominent growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Alums Production in Serbia

In value terms, alums production dropped to $X in 2022 estimated in export price. In general, production showed a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 5.7% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Alums Exports

Exports from Serbia

In 2022, the amount of alums exported from Serbia totaled X kg, with an increase of 7.1% on 2021. In general, exports recorded a moderate increase. The growth pace was the most rapid in 2014 with an increase of 1,200% against the previous year. As a result, the exports reached the peak of X kg. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, alums exports reduced dramatically to $X in 2022. Over the period under review, exports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2014 when exports increased by 352%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Montenegro (X kg) was the main destination for alums exports from Serbia, with a 87% share of total exports. Moreover, alums exports to Montenegro exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Montenegro amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-40.4% per year) and the Netherlands (0.0% per year).

In value terms, Montenegro ($X) remains the key foreign market for alums exports from Serbia, comprising 80% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Montenegro was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Bosnia and Herzegovina (-31.2% per year).

Export Prices by Country

The average alums export price stood at $X per ton in 2022, waning by -25.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 115%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Montenegro ($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 Bosnia and Herzegovina (+15.4%).

Alums Imports

Imports into Serbia

In 2022, after two years of growth, there was significant decline in purchases abroad of alums, when their volume decreased by -7.4% to X tons. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 1,422%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, alums imports contracted dramatically to $X in 2022. In general, imports, however, saw a moderate increase. The growth pace was the most rapid in 2015 when imports increased by 290% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X kg) constituted the largest alums supplier to Serbia, accounting for a 80% share of total imports. Moreover, alums imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold. Turkey (X kg) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+201.8% per year) and Turkey (-4.4% per year).

In value terms, the largest alums suppliers to Serbia were Italy ($X), the United States ($X) and Turkey ($X), together comprising 71% of total imports.

The United States, with a CAGR of +173.8%, 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

The average alums import price stood at $X per ton in 2022, which is down by -43.7% against the previous year. Overall, the import price saw a abrupt slump. The growth pace was the most rapid in 2018 an increase of 108%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform