Report Update: May 1, 2024

Serbia - Spectrometers And Spectrophotometers - Market Analysis, Forecast, Size, Trends And Insights

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Spectrometers and Spectrophotometers Price in Serbia - 2024

Spectrometers and Spectrophotometers Price in Serbia (FOB) - 2022

In 2022, the average spectrometers and spectrophotometers export price amounted to $14,229 per unit, growing by 23% against the previous year. Overall, the export price saw resilient growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 90% against the previous year. The export price peaked at $16,925 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to North Macedonia ($15,147 per unit) and Bosnia and Herzegovina ($14,536 per unit), while the average price for exports to Montenegro ($14,210 per unit) and Germany ($14,291 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Spectrometers and Spectrophotometers Price in Serbia (CIF) - 2022

The average spectrometers and spectrophotometers import price stood at $6,598 per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 36%. The import price peaked at $9,597 per unit in 2018; however, from 2019 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 Sweden ($24,621 per unit), while the price for Spain ($2,652 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+49.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Spectrometers and Spectrophotometers Exports in Serbia

In 2022, exports of spectrometers and spectrophotometers from Serbia expanded notably to 787 units, with an increase of 13% on the previous year. In general, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 70%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, spectrometers and spectrophotometers exports surged to $11M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Spectrometers and Spectrophotometers in Serbia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	4.5	4.9	6.8	9.8	29.6%
Bosnia and Herzegovina	0.1	0.1	0.2	0.4	58.7%
Montenegro	0.1	0.2	N/A	0.3	44.2%
United States	N/A	N/A	N/A	0.3	0%
North Macedonia	N/A	0.4	0.7	N/A	75.0%
Others	0.3	0.5	0.3	0.4	10.1%
Total	5.1	6.2	8.1	11.2	30.0%

Top Export Markets for Spectrometers and Spectrophotometers from Serbia in 2022:

Germany (684.0 units)
Bosnia and Herzegovina (30.0 units)
Montenegro (22.0 units)
United States (18.0 units)
North Macedonia (3.0 units)

Spectrometers and Spectrophotometers Imports in Serbia

After three years of growth, overseas purchases of spectrometers and spectrophotometers decreased by -20.2% to 602 units in 2022. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports reached the peak of 754 units, and then shrank notably in the following year.

In value terms, spectrometers and spectrophotometers imports reduced rapidly to $4M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32%. Over the period under review, imports hit record highs at $5M in 2021, and then plummeted in the following year.

Import of Spectrometers and Spectrophotometers in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	659	1,042	688	1,039	16.4%
United States	633	551	1,718	834	9.6%
China	136	844	338	362	38.6%
Singapore	318	513	336	343	2.6%
Switzerland	10.5	75.4	70.0	309	208.7%
Japan	163	98.9	171	156	-1.5%
Malaysia	68.1	1.4	57.9	121	21.1%
France	6.4	69.4	497	93.0	144.0%
Denmark	279	45.4	197	40.6	-47.4%
Austria	52.2	53.9	194	27.3	-19.4%
Others	764	790	702	647	-5.4%
Total	3,089	4,085	4,968	3,972	8.7%

Top Suppliers of Spectrometers and Spectrophotometers to Serbia in 2022:

Germany (206.0 units)
China (111.0 units)
United States (69.0 units)
Switzerland (52.0 units)
Singapore (48.0 units)
Malaysia (18.0 units)
Japan (17.0 units)
France (9.0 units)
Austria (5.0 units)
Denmark (3.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spectrometers and spectrophotometers 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 26515330 - Spectrometers, spectrophotometers... using optical radiations

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023