Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Serbia - 2024

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Serbia (CIF) - 2024
2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Serbia (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Serbia
4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Serbia

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Serbia (CIF) - 2024

The average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $618 per unit in January 2024, declining by -63.1% against the previous month. Overall, the import price saw a noticeable reduction. The growth pace was the most rapid in October 2023 an increase of 298% m-o-m. The import price peaked at $3,968 per unit in July 2023; however, from August 2023 to January 2024, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,896 per unit), while the price for the UK totaled $324 per unit.

From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Italy (+5.4%).

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Serbia (FOB) - 2022

The average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $1,799 per unit in 2022, which is down by -6.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 71%. As a result, the export price reached the peak level of $4,188 per unit. From 2020 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 Cyprus ($3,284 per unit), while the average price for exports to Slovenia ($1,218 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 Italy (+42.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Serbia

In 2022, approx. 872 units of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses were imported into Serbia; increasing by 41% against 2021. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses surged to $1.6M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.4% 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 +92.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Serbia in 2022:

1. Italy (799.0 units)
2. Germany (35.0 units)
3. Romania (15.0 units)
4. Austria (15.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Serbia

After three years of growth, overseas shipments of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses decreased by -43.8% to 27 units in 2022. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 300%. As a result, the exports attained the peak of 48 units, and then declined notably in the following year.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses contracted significantly to $49K in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 150% against the previous year. As a result, the exports attained the peak of $92K, and then shrank notably in the following year.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Serbia in 2022:

1. Slovenia (17.0 units)
2. Montenegro (8.0 units)
3. Cyprus (2.0 units)

Source: IndexBox Market Intelligence Platform