Plugs and Socket Price in Serbia - 2024
Contents:
- Plugs and Socket Price in Serbia (CIF) - 2024
- Plugs and Socket Price in Serbia (FOB) - 2024
- Plugs and Socket Imports in Serbia
- Plugs and Socket Exports in Serbia
Plugs and Socket Price in Serbia (CIF) - 2024
The average plugs and socket import price stood at $432 per thousand units in August 2023, almost unchanged from the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 9.7% month-to-month. The import price peaked at $457 per thousand units in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($710 per thousand units), while the price for Turkey ($80.0 per thousand units) was amongst the lowest.
From March 2023 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Plugs and Socket Price in Serbia (FOB) - 2024
In August 2023, the average plugs and socket export price amounted to $402 per thousand units, with an increase of 5.7% against the previous month. In general, the export price, however, continues to indicate a slight descent. The growth pace was the most rapid in July 2023 an increase of 14% month-to-month. Over the period under review, the average export prices reached the maximum at $428 per thousand units in March 2023; however, from April 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($729 per thousand units), while the average price for exports to Turkey ($130 per thousand units) was amongst the lowest.
From March 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Serbia
In 2022, plugs and socket imports into Serbia expanded notably to 163M units, with an increase of 9.2% compared with 2021. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports contracted to $63M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +47.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports reached the peak of $68M, and then shrank in the following year.
| Import of Plugs and Socket in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 17.2 | 20.9 | 30.7 | 32.2 | 23.2% |
| China | 4.6 | 4.8 | 4.8 | 5.0 | 2.8% |
| Czech Republic | 2.6 | 1.8 | 2.7 | 3.8 | 13.5% |
| Switzerland | 3.2 | 2.9 | 2.9 | 2.7 | -5.5% |
| South Korea | 0.6 | 3.5 | 8.9 | 2.5 | 60.9% |
| Romania | 1.0 | 1.4 | 1.4 | 2.4 | 33.9% |
| United States | 2.8 | 2.0 | 1.8 | 2.0 | -10.6% |
| Spain | 3.7 | 3.7 | 4.2 | 1.8 | -21.4% |
| Belgium | 0.8 | 0.8 | 1.3 | 1.3 | 17.6% |
| France | 1.0 | 1.2 | 1.2 | 1.2 | 6.3% |
| Italy | 0.5 | 0.8 | 0.7 | 0.9 | 21.6% |
| Austria | 0.5 | 0.7 | 0.5 | 0.7 | 11.9% |
| Turkey | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Others | 4.1 | 4.6 | 6.0 | 6.3 | 15.4% |
| Total | 42.9 | 49.4 | 67.6 | 63.3 | 13.8% |
Top Suppliers of Plugs and Socket to Serbia in 2022:
- Germany (58.2M units)
- China (23.4M units)
- Romania (13.6M units)
- Czech Republic (13.0M units)
- United States (6.5M units)
- South Korea (5.6M units)
- Switzerland (5.2M units)
- Austria (4.9M units)
- Turkey (4.5M units)
- Spain (4.4M units)
- Italy (3.5M units)
- Belgium (3.5M units)
- France (2.4M units)
Plugs and Socket Exports in Serbia
Plugs and socket exports from Serbia stood at 40M units in 2022, picking up by 1.9% against the previous year's figure. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.8% 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 +43.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, plugs and socket exports rose markedly to $13M in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 61% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Plugs and Socket in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 0.1 | 1.3 | 3.8 | 4.7 | 260.9% |
| Germany | 0.8 | 1.2 | 1.8 | 2.0 | 35.7% |
| United Kingdom | 1.5 | 0.9 | 1.2 | 1.5 | 0.0% |
| Bosnia and Herzegovina | 1.0 | 0.9 | 1.5 | 1.3 | 9.1% |
| Montenegro | 0.9 | 0.8 | 1.0 | 1.0 | 3.6% |
| Russia | 0.2 | 0.4 | 0.4 | 0.7 | 51.8% |
| North Macedonia | 0.5 | 0.6 | 0.6 | 0.5 | 0.0% |
| Croatia | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Others | 1.0 | 1.0 | 1.4 | 1.3 | 9.1% |
| Total | 6.4 | 7.5 | 12.1 | 13.5 | 28.2% |
Top Export Markets for Plugs and Socket from Serbia in 2022:
- Hungary (7.3M units)
- Bosnia and Herzegovina (7.1M units)
- Germany (5.1M units)
- Montenegro (4.5M units)
- United Kingdom (3.5M units)
- North Macedonia (3.4M units)
- Russia (3.3M units)
- Croatia (2.7M units)
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