Serbia: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2024

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes in Serbia

The Serbian carbon for electrical purposes market reduced modestly to $X in 2022, dropping by -4.4% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Articles Of Graphite Or Other Carbon For Electrical Purposes in Serbia

In value terms, carbon for electrical purposes production shrank modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 44% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports from Serbia

In 2022, the amount of articles of graphite or other carbon for electrical purposes exported from Serbia fell notably to X kg, which is down by -57.6% compared with the year before. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2015 with an increase of 1,578%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbon for electrical purposes exports dropped rapidly to $X in 2022. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 823% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X kg) was the main destination for carbon for electrical purposes exports from Serbia, with a 82% share of total exports. Moreover, carbon for electrical purposes exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, North Macedonia (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+5.9% per year) and Croatia (+10.7% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for articles of graphite or other carbon for electrical purposes exports from Serbia, comprising 77% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina stood at -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-3.5% per year) and Croatia (+9.1% per year).

Export Prices by Country

In 2022, the average carbon for electrical purposes export price amounted to $X per ton, growing by 6.8% against the previous year. Over the period under review, the export price continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2013 an increase of 70%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 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 North Macedonia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Greece (+12.1%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports into Serbia

In 2022, the amount of articles of graphite or other carbon for electrical purposes imported into Serbia fell rapidly to X tons, shrinking by -37.7% on the year before. In general, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 204% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, carbon for electrical purposes imports dropped to $X in 2022. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by 150%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Hungary (X tons), China (X tons) and India (X kg) were the main suppliers of carbon for electrical purposes imports to Serbia, with a combined 66% share of total imports. The UK, Slovakia, Romania, Italy, Germany and the United States lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +83.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) constituted the largest supplier of articles of graphite or other carbon for electrical purposes to Serbia, comprising 35% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Slovakia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Hungary totaled +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.1% per year) and Slovakia (-11.2% per year).

Import Prices by Country

In 2022, the average carbon for electrical purposes import price amounted to $X per ton, rising by 41% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform