Serbia - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlough Price in Serbia - 2023
Contents:
- Plough Price in Serbia (CIF) - 2022
- Plough Price in Serbia (FOB) - 2022
- Plough Imports in Serbia
- Plough Exports in Serbia
Plough Price in Serbia (CIF) - 2022
The average plough import price stood at $1,293 per unit in 2022, dropping by -4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. The import price peaked at $1,356 per unit in 2019; however, from 2020 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 Norway ($2,028 per unit), while the price for Switzerland ($108 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Plough Price in Serbia (FOB) - 2022
The average plough export price stood at $968 per unit in 2022, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 23% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($1,162 per unit), while the average price for exports to Romania ($484 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 Romania (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.
Plough Imports in Serbia
In 2022, the amount of ploughs for agricultural purposes imported into Serbia shrank to 2.8K units, which is down by -6.6% on 2021. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of 3K units, and then dropped in the following year.
In value terms, plough imports fell to $3.6M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of $4.1M, and then shrank in the following year.
| Import of Plough in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,156 | 1,310 | 1,913 | 1,464 | 8.2% |
| France | 1,066 | 423 | 668 | 659 | -14.8% |
| Italy | 930 | 498 | 696 | 524 | -17.4% |
| Turkey | 54.7 | 43.9 | 247 | 508 | 110.2% |
| Norway | 89.1 | 365 | 47.0 | 120 | 10.4% |
| Austria | 190 | 0.7 | 260 | 110 | -16.7% |
| Slovenia | 14.6 | 11.6 | 43.0 | 68.4 | 67.3% |
| Poland | 112 | 70.9 | 36.3 | 68.3 | -15.2% |
| North Macedonia | 10.6 | 60.3 | 13.1 | 49.0 | 66.6% |
| Others | 49.3 | 73.2 | 163 | 68.4 | 11.5% |
| Total | 3,673 | 2,856 | 4,086 | 3,640 | -0.3% |
Top Suppliers of Plough to Serbia in 2022:
- Germany (791.0 units)
- Turkey (624.0 units)
- France (575.0 units)
- Italy (352.0 units)
- Austria (107.0 units)
- North Macedonia (103.0 units)
- Poland (73.0 units)
- Norway (59.0 units)
- Slovenia (56.0 units)
Plough Exports in Serbia
In 2022, approx. 850 units of ploughs for agricultural purposes were exported from Serbia; surging by 12% against 2021. The total export volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, plough exports skyrocketed to $823K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +58.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Plough in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 179 | 222 | 337 | 519 | 42.6% |
| Croatia | 183 | 201 | 133 | 132 | -10.3% |
| Romania | 12.1 | 15.2 | 42.5 | 75.5 | 84.1% |
| Montenegro | 38.9 | 52.9 | 56.7 | 68.6 | 20.8% |
| Slovenia | 2.0 | 1.3 | 0.3 | 8.2 | 60.1% |
| North Macedonia | 27.5 | 92.3 | 39.4 | 6.0 | -39.8% |
| Bulgaria | 48.4 | 0.9 | 3.6 | N/A | -72.7% |
| Others | 28.2 | 35.9 | 45.5 | 13.6 | -21.6% |
| Total | 519 | 622 | 658 | 823 | 16.6% |
Top Export Markets for Plough from Serbia in 2022:
- Bosnia and Herzegovina (447.0 units)
- Romania (156.0 units)
- Croatia (126.0 units)
- Montenegro (84.0 units)
- Slovenia (14.0 units)
- North Macedonia (12.0 units)
This report provides an in-depth analysis of the plough 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 28303130 -
- Prodcom 28303150 -
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
- 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
-
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
-
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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