Serbia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Serbia

The Serbian phosphinates and phosphonates market rose sharply to $X in 2022, increasing by 12% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Phosphinates And Phosphonates Production in Serbia

In value terms, phosphinates and phosphonates production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 40% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Phosphinates And Phosphonates Exports

Exports from Serbia

In 2022, approx. X tons of phosphinates (hypophosphites) and phosphonates (phosphites) were exported from Serbia; reducing by -76.8% compared with 2021. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,472% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, phosphinates and phosphonates exports declined remarkably to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 789% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg), North Macedonia (X kg) and Italy (X kg) were the main destinations of phosphinates and phosphonates exports from Serbia.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for phosphinates and phosphonates exported from Serbia were the United Arab Emirates ($X), North Macedonia ($X) and Italy ($X).

The United Arab Emirates, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average phosphinates and phosphonates export price stood at $X per ton in 2022, increasing by 169% against the previous year. In general, the export price, however, showed a perceptible downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to North Macedonia ($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 the United Arab Emirates (+27.8%), while the prices for the other major destinations experienced mixed trend patterns.

Phosphinates And Phosphonates Imports

Imports into Serbia

In 2022, purchases abroad of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 31% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports posted prominent growth. The growth pace was the most rapid in 2017 with an increase of 462% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, phosphinates and phosphonates imports skyrocketed to $X in 2022. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 255% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The Czech Republic (X tons), Italy (X tons) and Switzerland (X tons) were the main suppliers of phosphinates and phosphonates imports to Serbia, together accounting for 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +172.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest phosphinates and phosphonates suppliers to Serbia were Switzerland ($X), Italy ($X) and China ($X), with a combined 78% share of total imports.

China, with a CAGR of +195.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average phosphinates and phosphonates import price amounted to $X per ton, shrinking by -3.8% against the previous year. Over the period under review, the import price saw a mild slump. The most prominent rate of growth was recorded in 2013 an increase of 55%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 China ($X per ton), while the price for Slovenia ($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 (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform