Report Update: May 1, 2024

Serbia - Personal Weighing Machines - Market Analysis, Forecast, Size, Trends And Insights

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Personal Weighing Machine Price in Serbia - 2023

Personal Weighing Machine Price in Serbia (CIF) - 2022

The average personal weighing machine import price stood at $3.9 per unit in 2022, falling by -39.2% against the previous year. Overall, the import price saw a deep contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by 75%. The import price peaked at $9 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -8.2% per year.

Personal Weighing Machine Price in Serbia (FOB) - 2022

The average personal weighing machine export price stood at $8.3 per unit in 2022, declining by -5% against the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs at $24 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Russia ($11 per unit), while the average price for exports to Greece ($3.7 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 Russia (-7.1%), while the prices for the other major destinations experienced a decline.

Personal Weighing Machine Imports in Serbia

In 2022, the amount of personal weighing machines imported into Serbia skyrocketed to 565K units, with an increase of 83% against 2021 figures. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 108% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, personal weighing machine imports rose notably to $2.2M in 2022. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Personal Weighing Machine in Serbia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1.0	1.4	1.9	2.1	28.1%
Others	0.1	N/A	N/A	0.1	0.0%
Total	1.1	1.4	2.0	2.2	26.0%

Top Suppliers of Personal Weighing Machine to Serbia in 2022:

China (563.0K units)

Personal Weighing Machine Exports in Serbia

Personal weighing machine exports from Serbia rose remarkably to 19K units in 2022, picking up by 14% against 2021. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +85.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, personal weighing machine exports stood at $157K in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Export of Personal Weighing Machine in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bosnia and Herzegovina	57.4	29.8	50.8	52.2	-3.1%
North Macedonia	20.3	27.2	32.4	27.7	10.9%
Montenegro	12.1	7.8	23.9	23.1	24.1%
Romania	N/A	N/A	0.3	12.5	4066.7%
Croatia	N/A	N/A	N/A	9.9	0%
Greece	N/A	N/A	N/A	2.9	0%
Georgia	N/A	N/A	N/A	2.5	0%
Belgium	N/A	N/A	12.1	N/A	0%
Others	15.2	35.1	25.0	26.2	19.9%
Total	105	99.8	145	157	14.4%

Top Export Markets for Personal Weighing Machine from Serbia in 2022:

Bosnia and Herzegovina (7.5K units)
Montenegro (2.8K units)
North Macedonia (2.8K units)
Croatia (1.9K units)
Romania (1.2K units)
Greece (0.8K units)
Georgia (0.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the personal weighing machine 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 28293200 - Personal weighing machines, including baby scales, h ousehold scales

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023