Serbia: Aluminium Market 2024

Aluminium Market Size in Serbia

The Serbian aluminium market reduced notably to $X in 2022, dropping by X% against the previous year. In general, consumption showed a mild descent. Aluminium consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Aluminium Production in Serbia

In value terms, aluminium production rose significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Aluminium production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Aluminium Exports

Exports from Serbia

In 2022, approx. X tons of aluminum (unwrought, not alloyed) were exported from Serbia; falling by X% against the year before. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X,100% against the previous year. As a result, the exports reached the peak of X tons, and then reduced modestly in the following year.

In value terms, aluminium exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X,020% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for aluminium exports from Serbia, accounting for a X% share of total exports. It was followed by Slovenia (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina stood at X%.

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for aluminum (unwrought, not alloyed) exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina totaled X%.

Export Prices by Country

The average aluminium export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Bosnia and Herzegovina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (X%).

Aluminium Imports

Imports into Serbia

In 2022, aluminium imports into Serbia dropped markedly to X tons, waning by X% compared with 2021. In general, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium imports reduced to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

India (X tons), Bahrain (X tons) and Oman (X tons) were the main suppliers of aluminium imports to Serbia, with a combined X% share of total imports. Australia, Russia and Montenegro lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium suppliers to Serbia were India ($X), Bahrain ($X) and Oman ($X), together comprising X% of total imports. Australia, Russia and Montenegro lagged somewhat behind, together comprising a further X%.

Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Oman ($X per ton) and Bahrain ($X per ton), while the price for Australia ($X per ton) and India ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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