Serbia - Pacemakers For Stimulating Heart Muscles (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPacemaker Price in Serbia - 2023
Contents:
- Pacemaker Price in Serbia (CIF) - 2023
- Pacemaker Price in Serbia (FOB) - 2022
- Pacemaker Imports in Serbia
- Pacemaker Exports in Serbia
Pacemaker Price in Serbia (CIF) - 2023
The average pacemaker import price stood at $852 per unit in November 2023, declining by -41% against the previous month. Over the period under review, the import price showed a slight decline. The most prominent rate of growth was recorded in July 2023 an increase of 72% against the previous month. As a result, import price attained the peak level of $1,976 per unit. From August 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($3,727 per unit), while the price for Singapore ($437 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Pacemaker Price in Serbia (FOB) - 2022
In 2022, the average pacemaker export price amounted to $2,821 per unit, shrinking by -13.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $3,275 per unit, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($6,640 per unit), while the average price for exports to Bosnia and Herzegovina ($1,083 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 Belgium (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.
Pacemaker Imports in Serbia
In 2022, approx. 7.4K units of pacemakers for stimulating heart muscles (excl. parts and accessories) were imported into Serbia; increasing by 42% against the previous year. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.9% 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 +85.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 43%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, pacemaker imports soared to $8.8M in 2022. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pacemaker in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.4 | 2.6 | 2.9 | 5.1 | 28.6% |
| Germany | 1.0 | 0.9 | 0.9 | 1.0 | 0.0% |
| Singapore | 0.5 | 0.3 | 0.6 | 0.8 | 17.0% |
| Ireland | 0.5 | 0.5 | 0.4 | 0.8 | 17.0% |
| Switzerland | 0.3 | 0.3 | 0.9 | 0.8 | 38.7% |
| Malaysia | N/A | N/A | N/A | 0.3 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.7 | 4.6 | 5.8 | 8.8 | 23.3% |
Top Suppliers of Pacemaker to Serbia in 2022:
- United States (3.2K units)
- Singapore (2.2K units)
- Malaysia (0.7K units)
- Germany (0.5K units)
- Switzerland (0.5K units)
- Ireland (0.2K units)
Pacemaker Exports in Serbia
In 2022, the amount of pacemakers for stimulating heart muscles (excl. parts and accessories) exported from Serbia surged to 468 units, increasing by 41% on 2021 figures. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 49%. As a result, the exports reached the peak of 557 units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, pacemaker exports skyrocketed to $1.3M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.3% 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 +61.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Pacemaker in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 712 | 783 | 866 | 890 | 7.7% |
| Bosnia and Herzegovina | 53.5 | 130 | 75.8 | 265 | 70.5% |
| Montenegro | N/A | 13.1 | N/A | 132 | 217.4% |
| Belgium | 43.5 | 94.6 | 70.7 | 15.3 | -29.4% |
| Netherlands | 3.6 | 36.8 | 53.6 | 14.9 | 60.6% |
| United States | 5.2 | 3.3 | N/A | N/A | -36.5% |
| Others | N/A | 24.3 | 18.2 | 2.9 | -65.5% |
| Total | 818 | 1,085 | 1,084 | 1,320 | 17.3% |
Top Export Markets for Pacemaker from Serbia in 2022:
- Bosnia and Herzegovina (245.0 units)
- North Macedonia (134.0 units)
- Montenegro (69.0 units)
- Belgium (10.0 units)
- Netherlands (9.0 units)
This report provides an in-depth analysis of the pacemaker 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 26601450 - Pacemakers for stimulating heart muscles (excluding parts and accessories)
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
-
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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