Serbia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Serbia

The Serbian barium or aluminium sulphates market skyrocketed to $X in 2022, jumping by 25% against the previous year. Overall, consumption showed a relatively flat trend pattern. Barium or aluminium sulphates consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in Serbia

In value terms, barium or aluminium sulphates production expanded markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports from Serbia

In 2022, after five years of growth, there was significant decline in overseas shipments of sulphates of barium or aluminium, when their volume decreased by -48.6% to X tons. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 237%. The exports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, barium or aluminium sulphates exports shrank remarkably to $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 183%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell notably in the following year.

Exports by Country

Bosnia and Herzegovina (X tons), North Macedonia (X tons) and Italy (X tons) were the main destinations of barium or aluminium sulphates exports from Serbia, with a combined 99.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +68.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for barium or aluminium sulphates exported from Serbia were Bosnia and Herzegovina ($X), Italy ($X) and North Macedonia ($X), together comprising 99.9% of total exports.

Bosnia and Herzegovina, with a CAGR of +41.3%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, growing by 20% against the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign 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 Italy (+2.1%).

Imports of Sulphates Of Barium Or Aluminium

Imports into Serbia

In 2022, purchases abroad of sulphates of barium or aluminium decreased by -20.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports dropped to $X in 2022. Over the period under review, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest barium or aluminium sulphates supplier to Serbia, accounting for a 67% share of total imports. Moreover, barium or aluminium sulphates imports from Italy exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fivefold. Hungary (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+1.6% per year) and Hungary (+84.6% per year).

In value terms, Italy ($X) constituted the largest supplier of sulphates of barium or aluminium to Serbia, comprising 72% of total imports. The second position in the ranking was taken by Slovenia ($X), with a 10% share of total imports. It was followed by Hungary, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+5.8% per year) and Hungary (+41.5% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, surging by 9.4% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barium or aluminium sulphates import price increased by +56.5% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 35%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 Germany (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform