Price for Machinery; Parts of the Machinery of Heading No. 8425 in Serbia - 2024
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Serbia (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Serbia (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Serbia
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Serbia
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Serbia (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $6,908 per ton in 2022, rising by 30% against the previous year. Over the period under review, the import price, however, showed a deep slump. The growth pace was the most rapid in 2018 when the average import price increased by 188% against the previous year. Over the period under review, average import prices attained the peak figure at $13,992 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 the Netherlands ($21,561 per ton), while the price for China ($3,793 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+34.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Serbia (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $8,055 per ton, shrinking by -3.7% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 the machinery of heading no. 8425 decreased by -16.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $12,174 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Russia ($15,676 per ton), while the average price for exports to Hungary ($3,282 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 Iran (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Serbia
In 2022, imports of machinery; parts of the machinery of heading no. 8425 into Serbia contracted dramatically to 286 tons, reducing by -40.5% compared with 2021 figures. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 144% against the previous year. As a result, imports attained the peak of 481 tons, and then declined remarkably in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 reduced sharply to $2M in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. As a result, imports attained the peak of $2.5M, and then fell dramatically in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 297 | 479 | 1,891 | 689 | 32.4% |
| Germany | 218 | 46.5 | 112 | 284 | 9.2% |
| Poland | 93.6 | 63.3 | 117 | 190 | 26.6% |
| Italy | 177 | 247 | 147 | 177 | 0.0% |
| Slovakia | 12.7 | 9.2 | 51.5 | 99.9 | 98.9% |
| Sweden | 1.1 | 9.2 | 7.2 | 63.2 | 285.9% |
| Bulgaria | 15.5 | 109 | 48.9 | 48.0 | 45.8% |
| Hungary | 157 | 64.4 | 16.3 | 11.9 | -57.7% |
| Austria | 251 | 49.8 | 66.3 | 1.7 | -81.1% |
| Others | 145 | 174 | 87.8 | 410 | 41.4% |
| Total | 1,368 | 1,251 | 2,546 | 1,975 | 13.0% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Serbia in 2022:
- China (181.5 tons)
- Germany (26.7 tons)
- Italy (22.6 tons)
- Poland (16.2 tons)
- Slovakia (11.0 tons)
- Bulgaria (7.6 tons)
- Sweden (6.9 tons)
- Hungary (0.8 tons)
- Austria (0.1 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Serbia
In 2022, shipments abroad of machinery; parts of the machinery of heading no. 8425 was finally on the rise to reach 145 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a measured expansion. 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 the machinery of heading no. 8425 soared to $1.2M in 2022. Overall, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.8 | N/A | 42.4 | 470 | 737.5% |
| Russia | 109 | 66.1 | N/A | 138 | 8.2% |
| United States | 305 | 59.8 | 171 | 104 | -30.1% |
| Kazakhstan | N/A | N/A | N/A | 93.9 | 0% |
| Hungary | N/A | 38.3 | 136 | 86.7 | 50.5% |
| China | 7.3 | 8.2 | N/A | 66.2 | 108.5% |
| Norway | 265 | 243 | 73.1 | 29.4 | -51.9% |
| Denmark | 61.0 | N/A | 10.9 | 24.5 | -26.2% |
| Switzerland | 184 | N/A | N/A | 0.4 | -87.0% |
| Others | 60.1 | 125 | 31.5 | 154 | 36.8% |
| Total | 992 | 540 | 465 | 1,167 | 5.6% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Serbia in 2022:
- Sweden (61.7 tons)
- Hungary (26.4 tons)
- United States (9.9 tons)
- China (9.0 tons)
- Russia (8.8 tons)
- Kazakhstan (7.9 tons)
- Denmark (7.3 tons)
- Norway (3.5 tons)
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