Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Serbia - 2023

Contents:

  1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Serbia (FOB) - 2022
  2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Serbia (CIF) - 2022
  3. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Serbia
  4. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Serbia

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Serbia (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.3 per unit, picking up by 40% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The growth pace was the most rapid in 2016 an increase of 188%. Over the period under review, the average export prices hit record highs at $1 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($0.3 per unit), while the average price for exports to Montenegro ($0.1 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 Iran (+39.1%), while the prices for the other major destinations experienced a decline.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Serbia (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.1 per unit, flattening at the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 104% against the previous year. The import price peaked at $0.6 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1.6 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Serbia

In 2022, exports of millstones, grindstones, grinding wheels and the like; of natural stones from Serbia skyrocketed to 791K units, growing by 167% on the previous year's figure. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,343% against the previous year. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones surged to $234K in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,590% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IranN/AN/A58.8233296.3%
Bosnia and Herzegovina7.62.63.31.0-49.1%
Montenegro6.4N/AN/AN/A0%
Others1.31.10.40.3-38.7%
Total15.33.762.6234148.2%

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Serbia in 2022:

  1. Iran (779.6K units)
  2. Bosnia and Herzegovina (7.1K units)
  3. Montenegro (0.1K units)

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Serbia

In 2022, the amount of millstones, grindstones, grinding wheels and the like; of natural stones imported into Serbia contracted to 205K units, which is down by -10.1% on the previous year. Over the period under review, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 1%. Imports peaked at 437K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones declined to $30K in 2022. Overall, imports recorded a deep contraction. The smallest decline of -5.3% was in 2021. Imports peaked at $57K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China30.816.013.311.8-27.4%
Italy3.64.84.76.521.8%
Germany11.98.29.74.8-26.1%
Turkey3.00.21.01.1-28.4%
India3.6N/AN/AN/A0%
Others4.35.84.65.911.1%
Total57.235.133.230.0-19.4%

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Serbia in 2022:

  1. China (179.4K units)
  2. Germany (8.2K units)
  3. Turkey (5.0K units)
  4. Italy (4.1K units)

Source: IndexBox Market Intelligence Platform

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