Industrial Bakery Machinery Price in Serbia - 2023
Contents:
- Industrial Bakery Machinery Price in Serbia (CIF) - 2022
- Industrial Bakery Machinery Price in Serbia (FOB) - 2023
- Industrial Bakery Machinery Imports in Serbia
- Industrial Bakery Machinery Exports in Serbia
Industrial Bakery Machinery Price in Serbia (CIF) - 2022
In 2022, the average industrial bakery machinery import price amounted to $13,863 per unit, shrinking by -17.2% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by 61% against the previous year. As a result, import price attained the peak level of $18,555 per unit. From 2019 to 2022, the average import prices remained at a lower figure.
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 Denmark ($24,226 per unit), while the price for Greece ($2,886 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Industrial Bakery Machinery Price in Serbia (FOB) - 2023
The average industrial bakery machinery export price stood at $4,335 per unit in September 2023, declining by -74.9% against the previous month. Overall, the export price showed a deep downturn. The pace of growth appeared the most rapid in December 2022 an increase of 238% m-o-m. The export price peaked at $19,498 per unit in October 2022; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Slovenia ($19,827 per unit), while the average price for exports to Croatia ($2,644 per unit) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Industrial Bakery Machinery Imports in Serbia
In 2022, approx. 591 units of industrial bakery machinery were imported into Serbia; rising by 48% on the previous year's figure. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 66%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, industrial bakery machinery imports soared to $8.2M in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 87%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Industrial Bakery Machinery in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 270 | 645 | 287 | 1,542 | 78.7% |
| Italy | 1,115 | 1,770 | 1,986 | 1,361 | 6.9% |
| Denmark | 160 | 2.9 | 795 | 1,139 | 92.4% |
| Japan | N/A | 71.3 | 196 | 1,118 | 296.0% |
| Turkey | 454 | 1,622 | 1,285 | 1,007 | 30.4% |
| Netherlands | 28.1 | 519 | 385 | 874 | 214.5% |
| China | 216 | 223 | 325 | 225 | 1.4% |
| Slovenia | 354 | 502 | 40.5 | 185 | -19.5% |
| Others | 868 | 1,119 | 1,380 | 742 | -5.1% |
| Total | 3,465 | 6,474 | 6,681 | 8,193 | 33.2% |
Top Suppliers of Industrial Bakery Machinery to Serbia in 2022:
- Germany (165.0 units)
- Turkey (85.0 units)
- Italy (82.0 units)
- Japan (60.0 units)
- Netherlands (53.0 units)
- Denmark (47.0 units)
- China (32.0 units)
- Slovenia (29.0 units)
Industrial Bakery Machinery Exports in Serbia
For the fourth year in a row, Serbia recorded growth in overseas shipments of industrial bakery machinery, which increased by 36% to 466 units in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 132% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, industrial bakery machinery exports skyrocketed to $5.3M in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 208% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Industrial Bakery Machinery in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 602 | 411 | 1,627 | 1,790 | 43.8% |
| Croatia | 264 | 263 | 319 | 833 | 46.7% |
| Montenegro | 128 | 109 | 230 | 668 | 73.5% |
| North Macedonia | 67.3 | 60.9 | 588 | 384 | 78.7% |
| Austria | 9.7 | 16.0 | 57.0 | 236 | 189.8% |
| France | N/A | 9.4 | N/A | 171 | 326.5% |
| Italy | 92.5 | 87.6 | 169 | 164 | 21.0% |
| India | N/A | N/A | N/A | 143 | 0% |
| Russia | 4.4 | 5.3 | N/A | 134 | 212.3% |
| Germany | 51.6 | 36.5 | 14.7 | 119 | 32.1% |
| Slovenia | 7.6 | 20.4 | 128 | 115 | 147.3% |
| Romania | 23.9 | 7.9 | 55.4 | 88.5 | 54.7% |
| Hungary | 2.4 | 0.6 | 6.3 | 12.3 | 72.4% |
| Others | 146 | 204 | 595 | 491 | 49.8% |
| Total | 1,399 | 1,231 | 3,789 | 5,350 | 56.4% |
Top Export Markets for Industrial Bakery Machinery from Serbia in 2022:
- Bosnia and Herzegovina (104.0 units)
- North Macedonia (85.0 units)
- India (77.0 units)
- Montenegro (45.0 units)
- Croatia (44.0 units)
- France (19.0 units)
- Romania (16.0 units)
- Austria (12.0 units)
- Hungary (10.0 units)
- Italy (8.0 units)
- Slovenia (7.0 units)
- Germany (7.0 units)
- Russia (7.0 units)
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