Price for Machinery; Parts of the Machinery of Heading No. 8427 in Serbia - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Serbia (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Serbia (FOB) - 2023
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Serbia
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Serbia
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Serbia (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $9,393 per ton in 2022, rising by 2.3% against the previous year. In general, the import price, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2013 an increase of 26% against the previous year. As a result, import price attained the peak level of $13,559 per ton. From 2014 to 2022, the average 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 Belgium ($17,879 per ton), while the price for Bulgaria ($2,181 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Serbia (FOB) - 2023
In November 2023, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $5,003 per ton, dropping by -7.2% against the previous month. Overall, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 169% against the previous month. The export price peaked at $17,056 per ton in December 2022; however, from January 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Russia ($60,310 per ton), while the average price for exports to Germany ($3,392 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Serbia
In 2022, approx. 353 tons of machinery; parts of the machinery of heading no. 8427 were imported into Serbia; declining by -26.7% compared with the previous year's figure. Over the period under review, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 122% against the previous year. As a result, imports reached the peak of 481 tons, and then contracted rapidly in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 shrank significantly to $3.3M in 2022. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 97%. As a result, imports attained the peak of $4.4M, and then fell sharply in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 970 | 920 | 1,369 | 1,453 | 14.4% |
| China | 174 | 267 | 1,620 | 339 | 24.9% |
| Italy | 349 | 282 | 410 | 226 | -13.5% |
| Netherlands | 24.4 | 23.2 | 38.0 | 224 | 109.4% |
| France | 138 | 64.3 | 142 | 164 | 5.9% |
| Bulgaria | 106 | 94.5 | 157 | 144 | 10.8% |
| Belgium | 64.8 | 91.0 | 106 | 107 | 18.2% |
| Sweden | 98.6 | 117 | 137 | 81.1 | -6.3% |
| Poland | 42.7 | 48.0 | 70.3 | 73.1 | 19.6% |
| Slovenia | 64.8 | 72.2 | 20.2 | 26.5 | -25.8% |
| Others | 259 | 267 | 347 | 474 | 22.3% |
| Total | 2,291 | 2,247 | 4,416 | 3,312 | 13.1% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Serbia in 2022:
- Germany (119.9 tons)
- Bulgaria (65.9 tons)
- China (36.2 tons)
- Netherlands (27.5 tons)
- France (27.3 tons)
- Italy (17.0 tons)
- Poland (12.1 tons)
- Belgium (6.0 tons)
- Sweden (5.3 tons)
- Slovenia (4.4 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Serbia
For the fourth year in a row, Serbia recorded growth in overseas shipments of machinery; parts of the machinery of heading no. 8427, which increased by 36% to 442 tons in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year. Over the period under review, the exports of machinery; parts of machinery of heading no. 8427 attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $2.5M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 347 | 551 | 1,042 | 1,535 | 64.2% |
| Russia | N/A | N/A | N/A | 720 | 0% |
| Belgium | 5.2 | 29.9 | 96.5 | 98.3 | 166.4% |
| Others | 83.8 | 57.8 | 92.0 | 134 | 16.9% |
| Total | 436 | 639 | 1,231 | 2,487 | 78.7% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Serbia in 2022:
- Germany (416.8 tons)
- Belgium (8.2 tons)
- Russia (7.8 tons)
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