Seals; Mechanical Price in Serbia - 2023

Contents:

1. Seals; Mechanical Price in Serbia (CIF) - 2022
2. Seals; Mechanical Price in Serbia (FOB) - 2022
3. Seals; Mechanical Imports in Serbia
4. Seals; Mechanical Exports in Serbia

Seals; Mechanical Price in Serbia (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $57 per unit, leveling off at the previous year. In general, the import price, however, showed a deep downturn. The growth pace was the most rapid in 2019 when the average import price increased by 23%. The import price peaked at $124 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the UK ($182 per unit), while the price for Turkey ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Serbia (FOB) - 2022

The average seals; mechanical export price stood at $93 per unit in 2022, shrinking by -13.9% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $185 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($155 per unit), while the average price for exports to Mali ($9.5 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 (+1.5%), while the prices for the other major destinations experienced a decline.

Seals; Mechanical Imports in Serbia

In 2022, approx. 72K units of seals; mechanicals were imported into Serbia; increasing by 18% compared with the year before. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 67% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, seals; mechanical imports soared to $4.1M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +55.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Seals; Mechanical to Serbia in 2022:

1. Taiwan (Chinese) (16.0K units)
2. Germany (14.8K units)
3. China (10.3K units)
4. Italy (5.5K units)
5. Japan (4.7K units)
6. India (3.1K units)
7. Turkey (2.2K units)
8. Poland (2.0K units)
9. Hungary (1.9K units)
10. Czech Republic (1.6K units)
11. United Kingdom (1.3K units)
12. France (1.1K units)
13. Russia (1.1K units)

Seals; Mechanical Exports in Serbia

In 2022, the amount of seals; mechanicals exported from Serbia soared to 24K units, rising by 111% compared with the year before. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical exports soared to $2.2M in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Seals; Mechanical from Serbia in 2022:

1. Russia (16.2K units)
2. Slovenia (3.3K units)
3. Bosnia and Herzegovina (1.1K units)
4. Mali (0.6K units)
5. Croatia (0.5K units)
6. Italy (0.4K units)

Source: IndexBox Market Intelligence Platform