Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Serbia - 2023

Contents:

1. Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Serbia (CIF) - 2022
2. Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Serbia (FOB) - 2022
3. Imports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Serbia
4. Exports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Serbia

Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Serbia (CIF) - 2022

In 2022, the average import price for engines; pneumatic power engines and motors, other than linear acting (cylinders)s amounted to $574 per unit, waning by -9.5% against the previous year. Over the period under review, the import price saw a noticeable decline. The pace of growth appeared the most rapid in 2016 an increase of 15%. As a result, import price reached the peak level of $1.1 thousand per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($581 per unit) and the Czech Republic ($581 per unit), while the price for India ($572 per unit) and Hungary ($575 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Serbia (FOB) - 2022

The average export price for engines; pneumatic power engines and motors, other than linear acting (cylinders)s stood at $1.5 thousand per unit in 2022, shrinking by -25% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 30% against the previous year. The export price peaked at $2.1 thousand per unit in 2021, and then contracted rapidly in the following year.

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 Montenegro ($4.9 thousand per unit), while the average price for exports to Canada ($454 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 Romania (+36.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Serbia

In 2022, imports of engines; pneumatic power engines and motors, other than linear acting (cylinders)s into Serbia skyrocketed to 1.8K units, surging by 91% against the previous year's figure. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of engines; pneumatic power engines and motors, other than linear acting (cylinders)s surged to $1M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) to Serbia in 2022:

1. Germany (335.0 units)
2. Japan (313.0 units)
3. United States (278.0 units)
4. China (225.0 units)
5. Italy (108.0 units)
6. Turkey (67.0 units)
7. Croatia (58.0 units)
8. Austria (57.0 units)
9. Hungary (48.0 units)
10. Czech Republic (45.0 units)
11. Netherlands (27.0 units)
12. Bosnia and Herzegovina (26.0 units)
13. Norway (24.0 units)

Exports of Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) in Serbia

Exports of engines; pneumatic power engines and motors, other than linear acting (cylinders)s from Serbia contracted rapidly to 195 units in 2022, falling by -29.6% against 2021. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7.8%. The exports peaked at 299 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of engines; pneumatic power engines and motors, other than linear acting (cylinders)s reduced notably to $301K in 2022. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of $570K, and then dropped notably in the following year.

Top Export Markets for Engines; Pneumatic Power Engines and Motors, Other than Linear Acting (Cylinders) from Serbia in 2022:

1. Finland (52.0 units)
2. Belarus (30.0 units)
3. Bosnia and Herzegovina (17.0 units)
4. Mexico (15.0 units)
5. Montenegro (15.0 units)
6. Canada (11.0 units)
7. North Macedonia (10.0 units)
8. Slovenia (8.0 units)
9. Bulgaria (7.0 units)
10. Russia (5.0 units)
11. Sierra Leone (3.0 units)
12. Austria (3.0 units)
13. Czech Republic (1.0 units)

Source: IndexBox Market Intelligence Platform