Serbia: Paraformaldehyde Market 2025

Paraformaldehyde Market Size in Serbia

The Serbian paraformaldehyde market reduced modestly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when the market value increased by X%. Paraformaldehyde consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Paraformaldehyde Production in Serbia

In value terms, paraformaldehyde production reduced to $X in 2022 estimated in export price. In general, production, however, showed a deep slump. The growth pace was the most rapid in 2015 when the production volume increased by X%. Paraformaldehyde production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Paraformaldehyde Exports

Exports from Serbia

In 2022, the amount of paraformaldehyde exported from Serbia soared to X tons, with an increase of X% compared with the previous year's figure. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, paraformaldehyde exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for paraformaldehyde exports from Serbia, with a approx. X% share of total exports.

From 2020 to 2022, the average annual rate of growth in terms of volume to Turkey stood at X.9%.

In value terms, Turkey ($X) emerged as the key foreign market for paraformaldehyde exports from Serbia.

From 2020 to 2022, the average annual growth rate of value to Turkey totaled X.9%.

Export Prices by Country

In 2022, the average paraformaldehyde export price amounted to $X per ton, surging by X% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2020 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Paraformaldehyde Imports

Imports into Serbia

In 2022, after four years of growth, there was significant decline in overseas purchases of paraformaldehyde, when their volume decreased by X% to X kg. In general, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X kg in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, paraformaldehyde imports reduced remarkably to $X in 2022. Over the period under review, imports recorded a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X kg) constituted the largest supplier of paraformaldehyde to Serbia, with a X% share of total imports. Moreover, paraformaldehyde imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Belgium (X% per year).

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

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

Import Prices by Country

In 2022, the average paraformaldehyde import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a noticeable reduction. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform