Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Serbia - 2023
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Serbia (FOB) - 2023
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Serbia (CIF) - 2023
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Serbia
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Serbia
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Serbia (FOB) - 2023
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $662 per ton in November 2023, declining by -7.5% against the previous month. Over the period under review, the export price recorded a mild contraction. The most prominent rate of growth was recorded in January 2023 an increase of 16% m-o-m. Over the period under review, the average export prices reached the maximum at $941 per ton in August 2023; however, from September 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Bosnia and Herzegovina ($908 per ton), while the average price for exports to the Netherlands ($431 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Serbia (CIF) - 2023
In November 2023, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $1,290 per ton, rising by 28% against the previous month. Over the last eleven months, it increased at an average monthly rate of +6.6%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 36% against the previous month. The import price peaked in November 2023.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Hungary ($1,458 per ton), while the price for Romania stood at $881 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Romania (+11.7%).
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Serbia
For the fourth consecutive year, Serbia recorded growth in shipments abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, which increased by 0.8% to 179K tons in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 58% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $180M in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 185% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 35.6 | 23.1 | 50.9 | 76.5 | 29.0% |
| Slovakia | N/A | N/A | 43.3 | 32.7 | -24.5% |
| Croatia | 16.7 | 12.7 | 23.5 | 19.1 | 4.6% |
| Bulgaria | 9.6 | 6.3 | 2.9 | 16.7 | 20.3% |
| Austria | N/A | 0.5 | N/A | 13.9 | 427.3% |
| Hungary | N/A | 0.4 | 2.8 | 8.1 | 350.0% |
| North Macedonia | 4.6 | 2.4 | 4.1 | 5.3 | 4.8% |
| Greece | N/A | N/A | 0.7 | 4.2 | 500.0% |
| Others | 0.1 | 0.4 | 2.4 | 3.9 | 239.1% |
| Total | 66.6 | 45.8 | 131 | 180 | 39.3% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Serbia in 2022:
- Bosnia and Herzegovina (70.0K tons)
- Slovakia (42.7K tons)
- Croatia (18.1K tons)
- Bulgaria (17.5K tons)
- Hungary (10.8K tons)
- Austria (6.5K tons)
- North Macedonia (4.7K tons)
- Greece (4.2K tons)
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Serbia
In 2022, approx. 71K tons of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s were imported into Serbia; which is down by -6% on 2021 figures. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 9.9% against the previous year.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $75M in 2022. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 86%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 21.3 | 13.7 | 28.6 | 33.9 | 16.8% |
| Romania | 29.8 | 7.5 | 17.4 | 20.9 | -11.2% |
| Slovakia | 2.7 | 4.3 | 6.3 | 14.3 | 74.3% |
| Croatia | 2.7 | 0.5 | N/A | N/A | -81.5% |
| Others | 2.7 | 4.3 | 4.0 | 6.1 | 31.2% |
| Total | 59.3 | 30.3 | 56.2 | 75.4 | 8.3% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Serbia in 2022:
- Hungary (30.6K tons)
- Romania (20.8K tons)
- Slovakia (15.5K tons)
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