Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Serbia - 2024

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Serbia (FOB) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Serbia (CIF) - 2022
3. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Serbia
4. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Serbia

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Serbia (FOB) - 2022

In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $14,019 per ton, which is down by -4% against the previous year. In general, the export price showed a noticeable downturn. The pace of growth was the most pronounced in 2014 an increase of 39%. As a result, the export price attained the peak level of $21,718 per ton. From 2015 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 Russia ($34,269 per ton), while the average price for exports to Croatia ($5,469 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Serbia (CIF) - 2022

In 2022, the average import price for machines and mechanical appliances; parts, of those having individual functionses amounted to $31,637 per ton, falling by -9.7% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machines and mechanical appliances; parts, of those having individual functionses increased by +80.1% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 32% against the previous year. The import price peaked at $35,019 per ton in 2021, and then shrank in the following year.

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 Bosnia and Herzegovina ($53,235 per ton), while the price for North Macedonia ($8,472 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Serbia

Exports of machines and mechanical appliances; parts, of those having individual functionses from Serbia skyrocketed to 2.5K tons in 2022, with an increase of 20% compared with 2021 figures. The total export volume increased at an average annual rate of +10.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses soared to $35M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +44.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Serbia in 2022:

1. Germany (985.1 tons)
2. Croatia (304.8 tons)
3. Hungary (293.3 tons)
4. Switzerland (158.6 tons)
5. France (122.8 tons)
6. Spain (71.6 tons)
7. Italy (64.0 tons)
8. Montenegro (58.8 tons)
9. United States (54.5 tons)
10. Slovenia (42.3 tons)
11. Sweden (39.2 tons)
12. Bosnia and Herzegovina (22.8 tons)

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Serbia

Imports of machines and mechanical appliances; parts, of those having individual functionses into Serbia shrank remarkably to 591 tons in 2022, dropping by -37.1% against the previous year's figure. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 90%. As a result, imports attained the peak of 940 tons, and then shrank significantly in the following year.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses fell sharply to $19M in 2022. Over the period under review, imports, however, enjoyed measured growth. The pace of growth was the most pronounced in 2021 with an increase of 119% against the previous year. As a result, imports reached the peak of $33M, and then fell notably in the following year.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Serbia in 2022:

1. Germany (164.4 tons)
2. Italy (86.1 tons)
3. China (84.3 tons)
4. North Macedonia (40.3 tons)
5. Turkey (37.5 tons)
6. Netherlands (35.6 tons)
7. United States (27.9 tons)
8. Austria (9.6 tons)
9. Russia (9.2 tons)
10. Slovenia (8.8 tons)
11. Spain (7.5 tons)
12. Bosnia and Herzegovina (7.4 tons)
13. Croatia (6.7 tons)

Source: IndexBox Market Intelligence Platform