Serbia - Compressors For Refrigeration Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefrigerator Compressor Price in Serbia - 2023
Contents:
- Refrigerator Compressor Price in Serbia (CIF) - 2023
- Refrigerator Compressor Price in Serbia (FOB) - 2022
- Refrigerator Compressor Imports in Serbia
- Refrigerator Compressor Exports in Serbia
Refrigerator Compressor Price in Serbia (CIF) - 2023
The average refrigerator compressor import price stood at $23.5 per unit in November 2023, waning by -13.7% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 46% month-to-month. As a result, import price attained the peak level of $36.7 per unit. From August 2023 to November 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -0.1% per month.
Refrigerator Compressor Price in Serbia (FOB) - 2022
In 2022, the average refrigerator compressor export price amounted to $166 per unit, approximately equating the previous year. In general, the export price recorded a deep setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 25% against the previous year. The export price peaked at $338 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 Bosnia and Herzegovina ($244 per unit), while the average price for exports to Slovenia ($39 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 Russia (-2.6%), while the prices for the other major destinations experienced a decline.
Refrigerator Compressor Imports in Serbia
Refrigerator compressor imports into Serbia soared to 790K units in 2022, growing by 16% against the year before. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, refrigerator compressor imports dropped slightly to $27M in 2022. The total import value increased at an average annual rate of +7.7% 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 2021 with an increase of 33%. As a result, imports attained the peak of $28M, and then reduced modestly in the following year.
| Import of Refrigerator Compressor in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.2 | 12.4 | 19.3 | 19.1 | 23.3% |
| Slovakia | 1.6 | 2.2 | 0.7 | 0.7 | -24.1% |
| Austria | 2.6 | 0.5 | 0.3 | 0.1 | -66.2% |
| Others | 7.0 | 5.7 | 7.2 | 6.8 | -1.0% |
| Total | 21.3 | 20.8 | 27.5 | 26.7 | 7.8% |
Top Suppliers of Refrigerator Compressor to Serbia in 2022:
- China (754.6K units)
- Slovakia (12.4K units)
- Austria (1.5K units)
Refrigerator Compressor Exports in Serbia
In 2022, exports of compressors for refrigeration equipment from Serbia surged to 16K units, rising by 62% compared with the previous year's figure. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, refrigerator compressor exports soared to $2.7M in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 63%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Refrigerator Compressor in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Armenia | N/A | N/A | N/A | 585 | 0% |
| Bosnia and Herzegovina | 337 | 159 | 154 | 514 | 15.1% |
| Croatia | 155 | 45.0 | 24.2 | 474 | 45.1% |
| Montenegro | 128 | 119 | 118 | 317 | 35.3% |
| Slovenia | 174 | 58.0 | 46.4 | 92.1 | -19.1% |
| Russia | 0.2 | 193 | 873 | 91.7 | 671.1% |
| Italy | 3.7 | 2.0 | 1.2 | 75.7 | 173.5% |
| Bulgaria | 13.1 | 23.0 | 18.7 | 33.5 | 36.7% |
| Others | 524 | 437 | 449 | 527 | 0.2% |
| Total | 1,336 | 1,036 | 1,685 | 2,711 | 26.6% |
Top Export Markets for Refrigerator Compressor from Serbia in 2022:
- Armenia (4.1K units)
- Croatia (3.4K units)
- Slovenia (2.3K units)
- Bosnia and Herzegovina (2.1K units)
- Montenegro (1.3K units)
- Italy (0.6K units)
- Russia (0.6K units)
- Bulgaria (0.4K units)
This report provides an in-depth analysis of the refrigerator compressor market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28132300 - Compressors for refrigeration equipment
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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