Dithionites and Sulphoxylates Price in Serbia - 2023

Dithionites and Sulphoxylates Price in Serbia (CIF) - 2022

In 2022, the average dithionites and sulphoxylates import price amounted to $2,273 per ton, falling by -8.8% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dithionites and sulphoxylates import price increased by +21.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 33%. The import price peaked at $2,774 per ton in 2014; however, from 2015 to 2022, 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 India ($4,748 per ton), while the price for Belgium ($1,638 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Dithionites and Sulphoxylates Price in Serbia (FOB) - 2022

The average dithionites and sulphoxylates export price stood at $3,058 per ton in 2022, surging by 56% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($7,682 per ton), while the average price for exports to Romania ($2,798 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+12.9%).

Dithionites and Sulphoxylates Imports in Serbia

In 2022, imports of dithionites and sulphoxylateses into Serbia contracted to 58 tons, with a decrease of -7.6% compared with 2021 figures. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 51%.

In value terms, dithionites and sulphoxylates imports dropped dramatically to $131K in 2022. Overall, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 88%. As a result, imports attained the peak of $155K, and then contracted significantly in the following year.

Import of Dithionites and Sulphoxylates in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	31.4	14.8	40.6	67.5	29.1%
Belgium	12.6	4.0	5.5	43.8	51.5%
China	0.1	0.3	2.2	9.6	357.9%
India	10.1	6.2	16.4	9.5	-2.0%
Greece	26.5	22.8	37.2	N/A	18.5%
Others	45.3	34.3	53.6	0.6	-76.3%
Total	126	82.5	155	131	1.3%

Top Suppliers of Dithionites and Sulphoxylates to Serbia in 2022:

Belgium (26.8 tons)
Italy (25.2 tons)
China (3.6 tons)
India (2.0 tons)

Dithionites and Sulphoxylates Exports in Serbia

In 2022, exports of dithionites and sulphoxylateses from Serbia surged to 3.4 tons, rising by 300% compared with 2021. Over the period under review, 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, dithionites and sulphoxylates exports soared to $10K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.