Serbia: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Serbia

The Serbian market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid was estimated at $X in 2022, rising by 6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a deep slump. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports from Serbia

Exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Serbia fell notably to X kg in 2022, shrinking by -93.9% compared with the previous year. In general, exports faced a dramatic slump. The pace of growth was the most pronounced in 2020 when exports increased by 204% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid dropped markedly to $X in 2022. Over the period under review, exports faced a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 231% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X kg) and Montenegro (X kg) were the main destinations of exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Serbia.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of +20.6%).

In value terms, Turkey ($X) and Montenegro ($X) were the largest markets for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exported from Serbia worldwide.

In terms of the main countries of destination, Turkey, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $X per ton in 2022, dropping by -4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 an increase of 25%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Montenegro amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports into Serbia

Imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid into Serbia fell to X tons in 2022, with a decrease of -13.6% against 2021 figures. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 84% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid rose markedly to $X in 2022. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 76% against the previous year. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplier to Serbia, with a 79% share of total imports. Moreover, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by Turkey (X tons), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +84.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.2% per year) and Turkey (-5.7% per year).

In value terms, Italy ($X) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Serbia, comprising 85% of total imports. The second position in the ranking was taken by China ($X), with a 9.8% share of total imports. It was followed by Turkey, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +76.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.8% per year) and Turkey (-6.3% per year).

Import Prices by Country

The average import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $X per ton in 2022, growing by 29% against the previous year. Overall, the import price showed a notable expansion. The growth pace was the most rapid in 2017 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($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 (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform