Serbia - Machinery For Packing Or Wrapping - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMachinery for Packing Price in Serbia - 2023
Contents:
- Machinery for Packing Price in Serbia (CIF) - 2022
- Machinery for Packing Price in Serbia (FOB) - 2023
- Machinery for Packing Imports in Serbia
- Machinery for Packing Exports in Serbia
Machinery for Packing Price in Serbia (CIF) - 2022
In 2022, the average machinery for packing import price amounted to $649 per unit, dropping by -10.5% against the previous year. In general, the import price showed a mild slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 23%. The import price peaked at $827 per unit in 2013; however, from 2014 to 2022, 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 Spain ($1,407 per unit), while the price for Poland ($115 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Machinery for Packing Price in Serbia (FOB) - 2023
In October 2023, the average machinery for packing export price amounted to $536 per unit, waning by -2.8% against the previous month. Over the period under review, the export price showed a mild descent. The pace of growth was the most pronounced in August 2023 an increase of 29% month-to-month. As a result, the export price attained the peak level of $924 per unit. From September 2023 to October 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Kyrgyzstan ($922 per unit), while the average price for exports to Bosnia and Herzegovina ($235 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Machinery for Packing Imports in Serbia
In 2022, approx. 55K units of machinery for packing or wrapping were imported into Serbia; picking up by 4.8% against the year before. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, machinery for packing imports shrank to $36M in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 16%. As a result, imports attained the peak of $38M, and then reduced in the following year.
Import of Machinery for Packing in Serbia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 8.3 | 5.2 | 19.9 | 13.4 | 17.3% |
Germany | 15.0 | 14.2 | 6.9 | 7.3 | -21.3% |
Netherlands | 1.6 | 2.1 | 0.5 | 3.6 | 31.0% |
China | 1.8 | 2.2 | 2.7 | 2.3 | 8.5% |
Spain | 0.8 | 1.3 | 0.8 | 2.0 | 35.7% |
United Kingdom | 0.1 | N/A | N/A | 0.9 | 108.0% |
Turkey | 0.5 | 0.8 | 0.9 | 0.8 | 17.0% |
Belgium | 0.4 | 0.1 | 0.1 | 0.6 | 14.5% |
Czech Republic | N/A | 0.1 | N/A | 0.4 | 100.0% |
Taiwan (Chinese) | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
Poland | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
Others | 7.1 | 6.7 | 5.6 | 3.8 | -18.8% |
Total | 36.0 | 32.8 | 37.9 | 35.6 | -0.4% |
Top Suppliers of Machinery for Packing to Serbia in 2022:
- Italy (15.0K units)
- China (10.1K units)
- Germany (6.1K units)
- United Kingdom (4.4K units)
- Netherlands (4.3K units)
- Turkey (2.7K units)
- Poland (1.7K units)
- Czech Republic (1.4K units)
- Spain (1.4K units)
- Taiwan (Chinese) (1.3K units)
- Belgium (0.9K units)
Machinery for Packing Exports in Serbia
In 2022, approx. 51K units of machinery for packing or wrapping were exported from Serbia; approximately mirroring 2021 figures. The total export volume increased at an average annual rate of +13.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 33%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, machinery for packing exports expanded remarkably to $35M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 52%. The exports peaked in 2022 and are likely to continue growth in the near future.
Export of Machinery for Packing in Serbia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.3 | 5.9 | 4.1 | 8.3 | 85.5% |
Russia | 1.6 | 1.5 | 0.5 | 3.8 | 33.4% |
Bosnia and Herzegovina | 1.4 | 1.5 | 2.0 | 2.5 | 21.3% |
Sweden | 2.3 | 1.8 | 2.2 | 2.3 | 0.0% |
Mexico | N/A | 1.5 | 0.3 | 2.1 | 18.3% |
Kenya | N/A | 0.7 | N/A | 1.6 | 51.2% |
North Macedonia | 1.3 | 1.3 | 1.1 | 1.3 | 0.0% |
Slovakia | 0.2 | 0.8 | 0.1 | 1.2 | 81.7% |
Philippines | 1.0 | 1.2 | 0.7 | 1.1 | 3.2% |
Croatia | 0.7 | 1.8 | 2.6 | 1.1 | 16.3% |
Italy | 0.4 | 0.2 | 5.1 | 0.9 | 31.0% |
Romania | 0.7 | 2.0 | 0.2 | 0.8 | 4.6% |
Poland | 1.6 | 2.5 | 5.2 | 0.8 | -20.6% |
Others | 8.9 | 9.5 | 6.6 | 6.8 | -8.6% |
Total | 21.3 | 32.4 | 30.7 | 34.5 | 17.4% |
Top Export Markets for Machinery for Packing from Serbia in 2022:
- United States (11.9K units)
- Bosnia and Herzegovina (4.5K units)
- Russia (3.3K units)
- Mexico (3.0K units)
- Croatia (2.4K units)
- Kenya (2.4K units)
- Philippines (2.0K units)
- Slovakia (2.0K units)
- Italy (1.8K units)
- Romania (1.7K units)
- Poland (1.7K units)
- North Macedonia (1.5K units)
- Sweden (1.5K units)
This report provides an in-depth analysis of the machinery for packing market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28292180 - Machinery for packing or wrapping (excluding for filling, c losing, sealing, capsuling or labelling bottles, cans, boxes, b ags or other containers)
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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