Serbia: Ether Market 2024

Ether Market Size in Serbia

The Serbian ether market contracted modestly to $X in 2022, reducing by -1.9% against the previous year. Overall, consumption recorded a noticeable downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ether Production in Serbia

In value terms, ether production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 57% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Ether Exports

Exports from Serbia

Ether exports from Serbia contracted to X tons in 2022, which is down by -14.1% compared with 2021 figures. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 23,201%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ether exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 11,588%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Croatia (X tons) was the main destination for ether exports from Serbia, with a 99% share of total exports. It was followed by Bosnia and Herzegovina (X tons), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Croatia amounted to +224.3%.

In value terms, Croatia ($X) remains the key foreign market for ethers exports from Serbia, comprising 96% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Croatia amounted to +172.5%.

Export Prices by Country

In 2022, the average ether export price amounted to $X per ton, increasing by 66% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Croatia stood at $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 (+10.1%), while the prices for the other major destinations experienced a decline.

Ether Imports

Imports into Serbia

After three years of growth, supplies from abroad of ethers decreased by -51.1% to X tons in 2022. Overall, imports faced a dramatic setback. The most prominent rate of growth was recorded in 2014 with an increase of 215% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ether imports dropped notably to $X in 2022. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 197%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of ether to Serbia, with a 30% share of total imports. Moreover, ether imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Kuwait (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.1% per year) and Kuwait (+23.8% per year).

In value terms, Germany ($X) constituted the largest supplier of ethers to Serbia, comprising 40% of total imports. The second position in the ranking was held by Italy ($X), with a 9.2% share of total imports. It was followed by the Netherlands, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.5% per year) and the Netherlands (+1.7% per year).

Import Prices by Country

The average ether import price stood at $X per ton in 2022, surging by 32% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ether import price increased by +98.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 51%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform