Serbia: Amino-Resin Market 2024

Amino-Resin Market Size in Serbia

For the third consecutive year, the Serbian amino-resin market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, posted a prominent expansion. Amino-resin consumption peaked in 2022 and is expected to retain growth in the near future.

Amino-Resin Exports

Exports from Serbia

For the third consecutive year, Serbia recorded growth in shipments abroad of amino-resins, phenolic resins and polyurethanes (in primary forms), which increased by X% to X tons in 2022. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. 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, amino-resin exports soared to $X in 2022. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Belarus (X tons), Montenegro (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of amino-resin exports from Serbia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Montenegro ($X) and Lithuania ($X) appeared to be the largest markets for amino-resin exported from Serbia worldwide, with a combined X% share of total exports.

Belarus, with a CAGR of X%, 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

The average amino-resin export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Imports

Imports into Serbia

Amino-resin imports into Serbia contracted to X tons in 2022, declining by X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, amino-resin imports expanded markedly to $X in 2022. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Romania (X tons) constituted the largest supplier of amino-resin to Serbia, with a X% share of total imports. Moreover, amino-resin imports from Romania exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Romania amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, the largest amino-resin suppliers to Serbia were Romania ($X), the Netherlands ($X) and Belgium ($X), with a combined X% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated prominent growth 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, amino-resin import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform