Serbia: Hydrazine And Hydroxylamine Market 2025

Hydrazine And Hydroxylamine Market Size in Serbia

The Serbian hydrazine and hydroxylamine market shrank to $X in 2022, with a decrease of -10.1% against the previous year. Overall, consumption, however, enjoyed a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Hydrazine And Hydroxylamine Production in Serbia

In value terms, hydrazine and hydroxylamine production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 36%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Hydrazine And Hydroxylamine Exports

Exports from Serbia

Hydrazine and hydroxylamine exports from Serbia soared to X kg in 2022, increasing by 197% on 2021. In general, exports, however, showed a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 1,510% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hydrazine and hydroxylamine exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 561% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

North Macedonia (X kg) was the main destination for hydrazine and hydroxylamine exports from Serbia, accounting for a 96% share of total exports. It was followed by Montenegro (X kg), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to North Macedonia totaled -27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (-50.3% per year) and Bosnia and Herzegovina (-45.1% per year).

In value terms, North Macedonia ($X) emerged as the key foreign market for hydrazine and hydroxylamine and their inorganic salts exports from Serbia, comprising 96% of total exports. The second position in the ranking was held by Montenegro ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to North Macedonia totaled -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (-41.9% per year) and Bosnia and Herzegovina (-36.3% per year).

Export Prices by Country

The average hydrazine and hydroxylamine export price stood at $X per ton in 2022, jumping by 56% against the previous year. Over the period under review, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 104%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Montenegro ($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 (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrazine And Hydroxylamine Imports

Imports into Serbia

In 2022, imports of hydrazine and hydroxylamine and their inorganic salts into Serbia reduced slightly to X tons, almost unchanged from 2021 figures. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 371% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, hydrazine and hydroxylamine imports fell significantly to $X in 2022. In general, imports, however, continue to indicate temperate growth. The pace of growth was the most pronounced in 2021 with an increase of 149%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest hydrazine and hydroxylamine supplier to Serbia, with a 83% share of total imports. Moreover, hydrazine and hydroxylamine imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +107.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.9% per year) and Switzerland (-32.3% per year).

In value terms, the largest hydrazine and hydroxylamine suppliers to Serbia were Turkey ($X), Germany ($X) and Switzerland ($X), with a combined 84% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +73.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average hydrazine and hydroxylamine import price stood at $X per ton in 2022, dropping by -25.1% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform