Salicylic Acid Price in Serbia - 2023
Contents:
- Salicylic Acid Price in Serbia (CIF) - 2022
- Salicylic Acid Price in Serbia (FOB) - 2022
- Salicylic Acid Imports in Serbia
- Salicylic Acid Exports in Serbia
Salicylic Acid Price in Serbia (CIF) - 2022
In 2022, the average salicylic acid import price amounted to $6,440 per ton, jumping by 30% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salicylic acid import price decreased by -24.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $8,483 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
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 Greece ($17,409 per ton), while the price for China ($5,541 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced a decline.
Salicylic Acid Price in Serbia (FOB) - 2022
In 2022, the average salicylic acid export price amounted to $11,595 per ton, surging by 51% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 62% against the previous year. The export price peaked at $13,205 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($19,939 per ton), while the average price for exports to North Macedonia stood at $6,771 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+10.7%).
Salicylic Acid Imports in Serbia
In 2022, the amount of salicylic acid and its salts imported into Serbia declined dramatically to 7.1 tons, with a decrease of -24% against the previous year. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 247% against the previous year.
In value terms, salicylic acid imports shrank modestly to $45K in 2022. Over the period under review, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 103%.
| Import of Salicylic Acid in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 28.5 | 6.3 | 14.0 | 24.6 | -4.8% |
| China | 32.0 | N/A | N/A | 10.0 | -32.1% |
| Germany | 0.3 | 5.4 | 23.3 | 6.3 | 175.9% |
| Greece | 0.6 | 1.3 | 1.5 | 1.9 | 46.8% |
| Austria | N/A | N/A | 4.6 | N/A | 0% |
| Others | 1.9 | 9.8 | 2.8 | 2.6 | 11.0% |
| Total | 63.4 | 22.7 | 46.2 | 45.4 | -10.5% |
Top Suppliers of Salicylic Acid to Serbia in 2022:
- France (3.9 tons)
- China (1.8 tons)
- Germany (1.1 tons)
- Greece (0.1 tons)
Salicylic Acid Exports in Serbia
In 2022, shipments abroad of salicylic acid and its salts decreased by -22.2% to 2.9 tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year. As a result, the exports attained the peak of 3.7 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, salicylic acid exports skyrocketed to $33K in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 86% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Salicylic Acid in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 19.9 | 0% |
| North Macedonia | 11.9 | 24.2 | 27.2 | 12.2 | 0.8% |
| Montenegro | 1.3 | 0.7 | 0.8 | 0.5 | -27.3% |
| Others | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| Total | 13.5 | 25.0 | 28.2 | 33.0 | 34.7% |
Top Export Markets for Salicylic Acid from Serbia in 2022:
- North Macedonia (1800.0 kg)
- Russia (1000.0 kg)
- Montenegro (20.0 kg)
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