Serbia: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Serbia

For the third consecutive year, the Serbian air conditioning machine market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption recorded strong growth. Air conditioning machine consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Air Conditioning Machine Production in Serbia

In value terms, air conditioning machine production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Serbia

In 2022, the amount of air conditioning machines exported from Serbia soared to X units, picking up by X% against 2021. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, air conditioning machine exports expanded sharply to $X in 2022. In general, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Bosnia and Herzegovina (X units), Montenegro (X units) and North Macedonia (X units) were the main destinations of air conditioning machine exports from Serbia, together comprising X% of total exports. Bulgaria, Hungary, Albania, Slovenia, Switzerland, Croatia, Russia and Azerbaijan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Albania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for air conditioning machine exported from Serbia were Bosnia and Herzegovina ($X), Montenegro ($X) and North Macedonia ($X), together comprising X% of total exports. Bulgaria, Russia, Hungary, Slovenia, Albania, Croatia, Azerbaijan and Switzerland lagged somewhat behind, together comprising a further X%.

Albania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average air conditioning machine export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Switzerland ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Serbia

In 2022, approx. X units of air conditioning machines were imported into Serbia; picking up by X% against the previous year's figure. In general, imports showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, air conditioning machine imports soared to $X in 2022. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of air conditioning machine to Serbia, with a X% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Croatia (X units), more than tenfold. The third position in this ranking was taken by South Korea (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machines to Serbia, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Croatia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Croatia (X% per year).

Import Prices by Country

In 2022, the average air conditioning machine import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average 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 ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform