Serbia - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Balancing Mechanical Parts Machine in Serbia - 2023
Contents:
- Price for Balancing Mechanical Parts Machine in Serbia (FOB) - 2022
- Price for Balancing Mechanical Parts Machine in Serbia (CIF) - 2022
- Exports of Balancing Mechanical Parts Machine in Serbia
- Imports of Balancing Mechanical Parts Machine in Serbia
Price for Balancing Mechanical Parts Machine in Serbia (FOB) - 2022
In 2022, the average balancing mechanical parts machine export price amounted to $2,545 per unit, increasing by 49% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. Over the period under review, the average export prices reached the peak figure at $4,133 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($16,256 per unit), while the average price for exports to Equatorial Guinea ($1,045 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 (+24.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Balancing Mechanical Parts Machine in Serbia (CIF) - 2022
In 2022, the average balancing mechanical parts machine import price amounted to $1,688 per unit, shrinking by -18.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 58% against the previous year. As a result, import price attained the peak level of $2,973 per unit. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($2,627 per unit), while the price for Switzerland ($176 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Balancing Mechanical Parts Machine in Serbia
For the fourth year in a row, Serbia recorded growth in shipments abroad of machines for balancing mechanical parts, which increased by 179% to 595 units in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, balancing mechanical parts machine exports skyrocketed to $1.5M in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Balancing Mechanical Parts Machine in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 44.1 | N/A | 554 | 254.4% |
| Montenegro | 76.8 | 10.3 | 88.5 | 354 | 66.4% |
| Germany | N/A | N/A | N/A | 293 | 0% |
| Bosnia and Herzegovina | 50.7 | 55.6 | 56.5 | 99.2 | 25.1% |
| Turkey | 11.3 | 31.4 | 61.9 | 70.1 | 83.7% |
| Slovenia | 78.9 | 62.6 | 31.4 | 28.4 | -28.9% |
| Lithuania | N/A | 88.7 | 21.4 | 14.6 | -59.4% |
| Equatorial Guinea | N/A | N/A | N/A | 11.5 | 0% |
| Cyprus | N/A | N/A | 22.4 | N/A | 0% |
| Slovakia | N/A | N/A | 23.1 | N/A | 0% |
| Others | 89.1 | 156 | 59.7 | 90.0 | 0.3% |
| Total | 307 | 449 | 365 | 1,514 | 70.2% |
Top Export Markets for Balancing Mechanical Parts Machine from Serbia in 2022:
- Montenegro (276.0 units)
- Russia (153.0 units)
- Bosnia and Herzegovina (76.0 units)
- Turkey (20.0 units)
- Germany (18.0 units)
- Equatorial Guinea (11.0 units)
- Slovenia (9.0 units)
- Lithuania (6.0 units)
Imports of Balancing Mechanical Parts Machine in Serbia
In 2022, overseas purchases of machines for balancing mechanical parts decreased by -38.3% to 497 units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 157% against the previous year. As a result, imports attained the peak of 1.3K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, balancing mechanical parts machine imports contracted sharply to $839K in 2022. Overall, imports recorded a abrupt downturn. The growth pace was the most rapid in 2020 when imports increased by 46% against the previous year. As a result, imports attained the peak of $2.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Balancing Mechanical Parts Machine in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 764 | 312 | 300 | 502 | -13.1% |
| China | 28.8 | 37.8 | 245 | 114 | 58.2% |
| Spain | N/A | N/A | 34.1 | 77.2 | 126.4% |
| Germany | 367 | 1,745 | 281 | 75.7 | -40.9% |
| Turkey | 14.3 | N/A | 5.0 | 38.4 | 39.0% |
| Poland | 37.2 | 49.4 | 73.7 | 22.1 | -15.9% |
| Switzerland | N/A | N/A | 0.1 | 2.1 | 2000.0% |
| Japan | N/A | N/A | 671 | 0.1 | -100.0% |
| Others | 296 | 49.1 | 56.2 | 7.7 | -70.4% |
| Total | 1,507 | 2,193 | 1,666 | 839 | -17.7% |
Top Suppliers of Balancing Mechanical Parts Machine to Serbia in 2022:
- Italy (191.0 units)
- China (122.0 units)
- Germany (78.0 units)
- Spain (48.0 units)
- Turkey (28.0 units)
- Poland (14.0 units)
- Switzerland (12.0 units)
- Japan (1.0 units)
This report provides an in-depth analysis of the market for balancing mechanical parts machine 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 28993970 - Machines for balancing mechanical parts
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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