Serbia: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in Serbia

For the fourth consecutive year, the Serbian cyanides and cyanide oxides market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value 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, consumption increased by X% against 2018 indices. Cyanides and cyanide oxides consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports from Serbia

In 2022, exports of cyanides, cyanide oxides and complex cyanides from Serbia shrank dramatically to X kg, which is down by X% against 2021. In general, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X kg in 2021, and then reduced remarkably in the following year.

In value terms, cyanides and cyanide oxides exports fell dramatically to $X in 2022. Over the period under review, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Montenegro (X kg), Turkey (X kg) and Bosnia and Herzegovina (X kg) were the main destinations of cyanides and cyanide oxides exports from Serbia. Moreover, cyanides and cyanide oxides exports in Montenegro exceeded the figures recorded by the second-largest exporter, Turkey, twofold.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Montenegro ($X) emerged as the key foreign market for cyanides, cyanide oxides and complex cyanides exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Montenegro totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average cyanides and cyanide oxides export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, faced a dramatic decline. Over the period under review, the average export prices attained the maximum at $X,111 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports into Serbia

For the fourth year in a row, Serbia recorded growth in supplies from abroad of cyanides, cyanide oxides and complex cyanides, which increased by X% to X tons in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cyanides and cyanide oxides imports skyrocketed to $X in 2022. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of cyanides and cyanide oxides to Serbia, with a X% share of total imports. Moreover, cyanides and cyanide oxides imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic totaled X%.

In value terms, the Czech Republic ($X) constituted the largest supplier of cyanides, cyanide oxides and complex cyanides to Serbia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic totaled X%.

Import Prices by Country

In 2022, the average cyanides and cyanide oxides import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a slight setback. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform