Isolating Switch Price in Serbia - 2023

Contents:

1. Isolating Switch Price in Serbia (CIF) - 2022
2. Isolating Switch Price in Serbia (FOB) - 2022
3. Isolating Switch Imports in Serbia
4. Isolating Switch Exports in Serbia

Isolating Switch Price in Serbia (CIF) - 2022

In 2022, the average isolating switch import price amounted to $16 per unit, with a decrease of -28.1% against the previous year. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25%. The import price peaked at $34 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Switzerland ($138 per unit), while the price for China ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Isolating Switch Price in Serbia (FOB) - 2022

In 2022, the average isolating switch export price amounted to $20 per unit, picking up by 13% against the previous year. In general, the export price, however, saw a noticeable contraction. The growth pace was the most rapid in 2016 an increase of 63%. As a result, the export price attained the peak level of $31 per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($36 per unit), while the average price for exports to Montenegro ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Isolating Switch Imports in Serbia

In 2022, purchases abroad of isolating switches & make-and-break switches increased by 43% to 193K units for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, isolating switch imports totaled $3.1M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 14% against the previous year. As a result, imports attained the peak of $3.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Isolating Switch to Serbia in 2022:

1. Italy (150.9K units)
2. Sweden (14.9K units)
3. North Macedonia (8.2K units)
4. Bulgaria (8.1K units)
5. India (2.1K units)
6. China (0.3K units)

Isolating Switch Exports in Serbia

Isolating switch exports from Serbia skyrocketed to 16K units in 2022, increasing by 63% on the previous year's figure. Overall, total exports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.6% 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 -20.7% against 2020 indices. The exports peaked at 21K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, isolating switch exports skyrocketed to $326K in 2022. In general, exports enjoyed a strong expansion. Over the period under review, the exports hit record highs at $395K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Top Export Markets for Isolating Switch from Serbia in 2022:

1. Montenegro (7.9K units)
2. Bosnia and Herzegovina (7.5K units)
3. North Macedonia (0.6K units)
4. Croatia (0.1K units)

Source: IndexBox Market Intelligence Platform