Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Serbia - 2023

Contents:

  1. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Serbia (CIF) - 2023
  2. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Serbia (FOB) - 2023
  3. Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Serbia
  4. Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Serbia

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Serbia (CIF) - 2023

The average import price for non-electric iron or steel central heating radiators other than of cast iron stood at $1.3 per unit in November 2023, which is down by -2% against the previous month. In general, the import price showed a mild contraction. The pace of growth appeared the most rapid in April 2023 an increase of 11% against the previous month. Over the period under review, average import prices reached the maximum at $1.8 per unit in May 2023; however, from June 2023 to November 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From December 2022 to November 2023, the rate of growth in terms of prices for Turkey amounted to -1.4% per month.

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Serbia (FOB) - 2023

In November 2023, the average export price for non-electric iron or steel central heating radiators other than of cast iron amounted to $2.5 per unit, dropping by -4.5% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 56% m-o-m. Over the period under review, the average export prices reached the peak figure at $4.3 per unit in July 2023; however, from August 2023 to November 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 Croatia ($3.8 per unit), while the average price for exports to Bosnia and Herzegovina ($2.1 per unit) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Serbia

In 2022, purchases abroad of non-electric iron or steel central heating radiators other than of cast iron decreased by -45.9% to 6.9M units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 26%. As a result, imports attained the peak of 13M units, and then dropped remarkably in the following year.

In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron reduced notably to $11M in 2022. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, imports attained the peak of $18M, and then reduced rapidly in the following year.

Import of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Serbia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey8.410.116.810.26.7%
Others0.71.01.31.012.6%
Total9.111.118.011.16.8%

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron to Serbia in 2022:

  1. Turkey (6.7M units)

Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Serbia

Exports of non-electric iron or steel central heating radiators other than of cast iron from Serbia contracted remarkably to 453K units in 2022, waning by -36.5% compared with 2021. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, the exports attained the peak of 714K units, and then shrank notably in the following year.

In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron reduced markedly to $1.2M in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports attained the peak of $1.9M, and then dropped markedly in the following year.

Export of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and Herzegovina8356491,176522-14.5%
Montenegro13318624819914.4%
Croatia1811911981962.7%
Slovenia40.876.776.117060.9%
North Macedonia22.322.637.052.733.2%
Romania6.616.620.029.664.9%
Others45.110014461.110.7%
Total1,2631,2431,8991,231-0.9%

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron from Serbia in 2022:

  1. Bosnia and Herzegovina (202.1K units)
  2. Montenegro (102.8K units)
  3. Slovenia (61.4K units)
  4. Croatia (52.3K units)
  5. North Macedonia (14.6K units)
  6. Romania (7.1K units)

Source: IndexBox Market Intelligence Platform

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