Serbia: Ferro-Alloys Market 2025

Ferro-Alloys Market Size in Serbia

In 2022, the Serbian ferro-alloys market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a buoyant increase 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 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ferro-Alloys Production in Serbia

In value terms, ferro-alloys production dropped notably to $X in 2022 estimated in export price. Over the period under review, production recorded a dramatic curtailment. Over the period under review, production hit record highs at $X in 2021, and then reduced rapidly in the following year.

Ferro-Alloys Exports

Exports from Serbia

In 2022, approx. X tons of ferro-alloys were exported from Serbia; which is down by X% against the year before. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, ferro-alloys exports reduced notably to $X in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Italy (X tons), China (X tons) and Slovenia (X tons) were the main destinations of ferro-alloys exports from Serbia, together accounting for X% of total exports. Spain, Sweden and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X.4%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for ferro-alloys exports from Serbia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at X.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X.8% per year) and Slovenia (X% per year).

Export Prices by Country

In 2022, the average ferro-alloys export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to India ($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 Italy (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ferro-Alloys Imports

Imports into Serbia

In 2022, purchases abroad of ferro-alloys increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, total imports indicated a measured increase 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. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ferro-alloys imports soared to $X in 2022. Over the period under review, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Ukraine (X tons) and China (X tons) were the main suppliers of ferro-alloys imports to Serbia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of ferro-alloys to Serbia, comprising X% of total imports. The second position in the ranking was held by Ukraine ($X), with an X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and China (X% per year).

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price 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, ferro-alloys import price increased by X% against 2016 indices. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform