Serbia: Market for Chromium, Manganese, Lead and Copper Oxides and Hydroxides 2024

Market Size for Chromium, Manganese, Lead and Copper Oxides and Hydroxides in Serbia

For the third year in a row, the Serbian market for chromium, manganese, lead and copper oxides and hydroxides recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption continues to indicate a abrupt decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Exports from Serbia

In 2022, overseas shipments of chromium, manganese, lead and copper oxides and hydroxides decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, exports of chromium, manganese, lead and copper oxides and hydroxides fell dramatically to $X in 2022. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Bosnia and Herzegovina (X tons), Israel (X kg) and the UK (X kg) were the main destinations of exports of chromium, manganese, lead and copper oxides and hydroxides from Serbia, with a combined X% share of total exports. Montenegro and North Macedonia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) emerged as the key foreign market for chromium, manganese, lead and copper oxides and hydroxides exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

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

Export Prices by Country

In 2022, the average export price for chromium, manganese, lead and copper oxides and hydroxides amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price showed a moderate increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 North Macedonia (X%), while the prices for the other major destinations experienced a decline.

Imports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Imports into Serbia

In 2022, imports of chromium, manganese, lead and copper oxides and hydroxides into Serbia declined to X tons, falling by X% compared with the year before. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of chromium, manganese, lead and copper oxides and hydroxides reduced to $X in 2022. Over the period under review, imports showed a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of chromium, manganese, lead and copper oxide and hydroxide to Serbia, with a X% share of total imports. Moreover, imports of chromium, manganese, lead and copper oxides and hydroxides from Belgium exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of chromium, manganese, lead and copper oxides and hydroxides to Serbia, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Slovenia (X% per year).

Import Prices by Country

In 2022, the average import price for chromium, manganese, lead and copper oxides and hydroxides amounted to $X per ton, flattening at the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a 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 ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform