Report Update: Apr 1, 2024

Serbia - Machine Tools For Working Metal Without Removing Metal - Market Analysis, Forecast, Size, Trends And Insights

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Price for Machine Tool for Metal in Serbia - 2023

Price for Machine Tool for Metal in Serbia (CIF) - 2022

In 2022, the average machine tool for metal import price amounted to $5,250 per unit, with an increase of 2.8% against the previous year. Over the period under review, the import price recorded strong growth. The growth pace was the most rapid in 2015 when the average import price increased by 192% against the previous year. Over the period under review, average import prices reached the peak figure at $6,253 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Germany ($6,057 per unit), while the price for the Netherlands ($1,626 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machine Tool for Metal in Serbia (FOB) - 2022

In 2022, the average machine tool for metal export price amounted to $7,860 per unit, shrinking by -12.7% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 401% against the previous year. As a result, the export price attained the peak level of $8,999 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 Denmark ($21,691 per unit), while the average price for exports to the UK ($65 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 Denmark (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tool for Metal in Serbia

In 2022, approx. 257 units of machine tools for working metal without removing metal were imported into Serbia; reducing by -57.9% against 2021. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 100% against the previous year. As a result, imports attained the peak of 610 units, and then fell remarkably in the following year.

In value terms, machine tool for metal imports reduced rapidly to $1.3M in 2022. Overall, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of $3.1M, and then contracted significantly in the following year.

Import of Machine Tool for Metal in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	91.9	161	2,150	804	106.1%
Germany	1,609	1,025	513	121	-57.8%
Turkey	22.1	1.2	65.8	116	73.8%
Switzerland	60.9	39.1	2.7	22.5	-28.2%
Austria	233	458	N/A	13.9	-60.9%
Italy	330	198	44.5	6.6	-72.9%
Poland	N/A	2.8	N/A	N/A	0%
Taiwan (Chinese)	N/A	N/A	111	N/A	0%
Others	167	22.3	230	266	16.8%
Total	2,514	1,907	3,117	1,349	-18.7%

Top Suppliers of Machine Tool for Metal to Serbia in 2022:

China (155.0 units)
Turkey (54.0 units)
Germany (20.0 units)
Switzerland (13.0 units)
Italy (3.0 units)
Austria (1.0 units)

Exports of Machine Tool for Metal in Serbia

In 2022, exports of machine tools for working metal without removing metal from Serbia soared to 202 units, growing by 25% compared with the year before. Over the period under review, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year. As a result, the exports attained the peak of 324 units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, machine tool for metal exports expanded notably to $1.6M in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 149%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Export of Machine Tool for Metal in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	N/A	N/A	N/A	607	0%
Slovenia	86.3	N/A	N/A	243	41.2%
Croatia	393	N/A	742	227	-16.7%
Bosnia and Herzegovina	275	254	683	144	-19.4%
North Macedonia	N/A	13.3	N/A	132	215.0%
Italy	0.2	N/A	N/A	110	719.3%
Turkey	N/A	N/A	5.8	100	1624.1%
United Kingdom	N/A	N/A	16.7	0.8	-95.2%
Austria	N/A	78.6	1.1	N/A	-98.6%
United Arab Emirates	N/A	198	N/A	N/A	0%
Others	78.5	38.6	N/A	22.7	-33.9%
Total	833	582	1,449	1,588	24.0%

Top Export Markets for Machine Tool for Metal from Serbia in 2022:

Slovenia (52.0 units)
Turkey (42.0 units)
Denmark (28.0 units)
Bosnia and Herzegovina (22.0 units)
Italy (13.0 units)
United Kingdom (13.0 units)
Croatia (12.0 units)
North Macedonia (11.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for machine tool for metal 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 28413470 - Riveting machines, swaging machines and spinning lathes for working metal, machines for manufacturing flexible tubes of spiral metal strip and electro-magnetic pulse metal forming machines, and other machine tools for working metal without removing metal

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