Price for Machinery; Parts of Machinery of Heading No. 8422 in Serbia - 2023
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Serbia (CIF) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in Serbia (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in Serbia
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in Serbia
Price for Machinery; Parts of Machinery of Heading No. 8422 in Serbia (CIF) - 2022
In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $93,965 per ton, rising by 2.7% against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of 48%. As a result, import price attained the peak level of $204,737 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($147,436 per ton), while the price for Romania ($9,063 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of Machinery of Heading No. 8422 in Serbia (FOB) - 2022
In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $34,051 per ton, reducing by -2.5% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machinery; parts of machinery of heading no. 8422 increased by +71.5% against 2017 indices. The pace of growth appeared the most rapid in 2015 an increase of 79%. The export price peaked at $34,939 per ton in 2021, and then dropped modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($38,407 per ton), while the average price for exports to Hungary ($16,711 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of Machinery of Heading No. 8422 in Serbia
In 2022, purchases abroad of machinery; parts of machinery of heading no. 8422 decreased by -5.9% to 181 tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 76%. As a result, imports reached the peak of 218 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of machinery; parts of machinery of heading no. 8422 contracted to $17M in 2022. The total import value increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 31% against the previous year.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.1 | 5.3 | 4.6 | 5.1 | 7.5% |
| Germany | 3.1 | 4.6 | 5.1 | 4.5 | 13.2% |
| China | 1.4 | 1.8 | 2.2 | 1.6 | 4.6% |
| Netherlands | 0.2 | 0.5 | 0.6 | 0.6 | 44.2% |
| United States | 0.3 | 0.3 | 0.9 | 0.6 | 26.0% |
| Austria | 0.5 | 0.3 | 0.4 | 0.5 | 0.0% |
| Slovenia | 0.3 | 0.2 | 0.4 | 0.4 | 10.1% |
| Bulgaria | N/A | N/A | N/A | 0.4 | 0% |
| Sweden | 0.4 | 0.3 | 0.5 | 0.3 | -9.1% |
| Spain | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Turkey | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Romania | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.9 | 2.7 | 2.6 | 2.4 | 8.1% |
| Total | 12.4 | 16.4 | 17.6 | 17.0 | 11.1% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Serbia in 2022:
- Italy (51.9 tons)
- Germany (30.8 tons)
- China (20.1 tons)
- Slovenia (13.2 tons)
- Netherlands (8.6 tons)
- Bulgaria (8.1 tons)
- Austria (7.2 tons)
- Romania (6.0 tons)
- Turkey (5.8 tons)
- Spain (4.8 tons)
- United States (4.0 tons)
- Sweden (3.0 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in Serbia
Exports of machinery; parts of machinery of heading no. 8422 from Serbia soared to 497 tons in 2022, picking up by 20% compared with the previous year. The total export volume increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of machinery; parts of machinery of heading no. 8422 skyrocketed to $17M in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.8 | 4.5 | 7.5 | 8.9 | 47.0% |
| Italy | 3.5 | 3.6 | 3.9 | 3.8 | 2.8% |
| Spain | 0.1 | 0.3 | 0.2 | 0.5 | 71.0% |
| Hungary | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
| Others | 1.6 | 2.1 | 2.8 | 3.6 | 31.0% |
| Total | 8.3 | 10.5 | 14.4 | 16.9 | 26.7% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Serbia in 2022:
- Germany (232.6 tons)
- Italy (191.6 tons)
- Spain (24.7 tons)
- Hungary (8.0 tons)
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