Radio Navigation Apparatus Price in Serbia - 2023

Radio Navigation Apparatus Price in Serbia (CIF) - 2022

The average radio navigation apparatus import price stood at $493 per unit in 2022, picking up by 17% against the previous year. In general, the import price enjoyed perceptible growth. The most prominent rate of growth was recorded in 2019 an increase of 166% against the previous year. As a result, import price attained the peak level of $531 per unit. From 2020 to 2022, the average 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 United States ($22,194 per unit), while the price for Germany ($25 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+51.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Radio Navigation Apparatus Price in Serbia (FOB) - 2022

The average radio navigation apparatus export price stood at $272 per unit in 2022, shrinking by -48.8% against the previous year. Over the period under review, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 92% against the previous year. Over the period under review, the average export prices attained the maximum at $531 per unit in 2021, and then fell rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($1,268 per unit), while the average price for exports to Greece ($73 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 Bulgaria (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports in Serbia

In 2022, approx. 14K units of radio navigational aid apparatus were imported into Serbia; increasing by 3.1% on 2021. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, radio navigation apparatus imports soared to $7M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Radio Navigation Apparatus in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	522	545	639	870	18.6%
Italy	39.3	6.0	10.9	837	177.2%
Switzerland	152	221	219	355	32.7%
Mexico	333	498	479	259	-8.0%
Bosnia and Herzegovina	0.7	93.5	197	156	506.3%
Slovenia	55.9	39.6	69.0	92.9	18.4%
Hungary	10.2	24.6	12.7	74.7	94.2%
Germany	33.1	56.9	120	64.6	25.0%
Singapore	4.4	3.7	39.1	48.2	122.1%
Israel	34.1	155	12.7	47.5	11.7%
Turkey	62.5	131	41.4	47.0	-9.1%
Australia	226	29.7	85.0	12.1	-62.3%
Others	4,666	3,987	3,833	4,089	-4.3%
Total	6,140	5,791	5,758	6,952	4.2%

Top Suppliers of Radio Navigation Apparatus to Serbia in 2022:

Taiwan (Chinese) (4.7K units)
Germany (2.6K units)
Switzerland (1.9K units)
Mexico (1.4K units)
Israel (0.6K units)
Italy (0.5K units)
Slovenia (0.5K units)
Turkey (0.3K units)
Singapore (0.3K units)
Bosnia and Herzegovina (0.3K units)
Hungary (0.2K units)
Australia (0.1K units)

Radio Navigation Apparatus Exports in Serbia

In 2022, shipments abroad of radio navigational aid apparatus decreased by -27% to 2.7K units, falling for the second year in a row after two years of growth. Overall, exports recorded a perceptible downturn. The growth pace was the most rapid in 2020 when exports increased by 175%. As a result, the exports attained the peak of 8.3K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, radio navigation apparatus exports contracted sharply to $746K in 2022. In general, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 429%. As a result, the exports reached the peak of $3.4M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Radio Navigation Apparatus in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	N/A	0.5	0.4	263	2193.5%
Croatia	54.0	118	57.4	112	27.5%
Bosnia and Herzegovina	27.1	146	42.5	98.3	53.6%
Montenegro	58.1	68.5	86.1	98.0	19.0%
Greece	2.8	N/A	23.3	55.9	171.3%
Slovenia	2.7	6.3	1.7	32.4	128.9%
United Arab Emirates	153	241	161	11.8	-57.4%
Norway	0.1	3.2	6.0	9.8	361.0%
United States	25.2	30.8	4.6	0.3	-77.2%
Egypt	139	2,492	1,422	N/A	219.8%
Others	180	285	190	64.4	-29.0%
Total	641	3,391	1,995	746	5.2%