Price for Hydroxide and Peroxide of Magnesium in Serbia - 2023

Contents:

  1. Price for Hydroxide and Peroxide of Magnesium in Serbia (CIF) - 2022
  2. Price for Hydroxide and Peroxide of Magnesium in Serbia (FOB) - 2022
  3. Imports of Hydroxide and Peroxide of Magnesium in Serbia
  4. Exports of Hydroxide and Peroxide of Magnesium in Serbia

Price for Hydroxide and Peroxide of Magnesium in Serbia (CIF) - 2022

The average import price for hydroxide and peroxide of magnesia stood at $10,208 per ton in 2022, jumping by 390% against the previous year. In general, the import price posted a remarkable increase. Over the period under review, average import prices reached the maximum at $19,482 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($12,480 per ton), while the price for Denmark totaled $8,680 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+75.3%).

Price for Hydroxide and Peroxide of Magnesium in Serbia (FOB) - 2022

The average export price for hydroxide and peroxide of magnesia stood at $2,160 per ton in 2022, declining by -43.2% against the previous year. In general, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2015 when the average export price decreased by -2.5%. The export price peaked at $4,065 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Croatia amounted to +4.1% per year.

Imports of Hydroxide and Peroxide of Magnesium in Serbia

In 2022, hydroxide and peroxide of magnesium imports into Serbia declined remarkably to 1.3 tons, shrinking by -81.8% against the previous year. Over the period under review, imports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2021 when imports increased by 46,000% against the previous year. As a result, imports attained the peak of 7.4 tons, and then shrank dramatically in the following year.

In value terms, hydroxide and peroxide of magnesium imports contracted to $14K in 2022. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 56,822% against the previous year. As a result, imports attained the peak of $15K, and then shrank in the following year.

Import of Hydroxide and Peroxide of Magnesium in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
DenmarkN/AN/AN/A6.90%
France2.5N/A2.66.738.9%
Russia1.2N/AN/AN/A0%
China0.4N/A3.0N/A173.9%
Slovenia0.3N/A9.3N/A456.8%
Greece0.1N/AN/AN/A0%
Netherlands0.1N/A0.1N/A0.0%
Others1.6N/A0.5N/A-44.1%
Total6.2N/A15.413.730.2%

Top Suppliers of Hydroxide and Peroxide of Magnesium to Serbia in 2022:

  1. Denmark (800.0 kg)
  2. France (540.0 kg)

Exports of Hydroxide and Peroxide of Magnesium in Serbia

Hydroxide and peroxide of magnesium exports from Serbia skyrocketed to 300 kg in 2022, surging by 1,900% against 2021. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydroxide and peroxide of magnesium exports surged to $648 in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Hydroxide and Peroxide of Magnesium in Serbia (USD)
COUNTRY20212022CAGR,
2021-2022
Bosnia and HerzegovinaN/A6480%
Netherlands10.0N/A0%
Others47.0N/A0%
Total57.06481036.8%

Top Export Markets for Hydroxide and Peroxide of Magnesium from Serbia in 2022:

  1. Bosnia and Herzegovina (300.0 kg)

Source: IndexBox Market Intelligence Platform

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