Serbia: Tools For Bearing Market 2024

Tools For Bearing Market Size in Serbia

The Serbian tools for bearing market contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Tools For Bearing Production in Serbia

In value terms, tools for bearing production shrank modestly to $X in 2022 estimated in export price. In general, production recorded a mild curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Tools for bearing production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Tools For Bearing Exports

Exports from Serbia

In 2022, approx. X tons of balls, needles and rollers for ball or roller bearings were exported from Serbia; picking up by X% against 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, tools for bearing exports surged to $X in 2022. Over the period under review, exports enjoyed a moderate increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Montenegro (X tons) was the main destination for tools for bearing exports from Serbia, with a X% share of total exports. Moreover, tools for bearing exports to Montenegro exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X kg), more than tenfold. Germany (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Montenegro amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Germany (X% per year).

In value terms, Montenegro ($X) remains the key foreign market for balls, needles and rollers for ball or roller bearings exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Montenegro totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Russia (X% per year).

Export Prices by Country

The average tools for bearing export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price enjoyed temperate growth. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. 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 ($X per ton), while the average price for exports to Montenegro ($X per ton) was amongst the lowest.

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

Tools For Bearing Imports

Imports into Serbia

In 2022, after two years of growth, there was significant decline in overseas purchases of balls, needles and rollers for ball or roller bearings, when their volume decreased by X% to X tons. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, tools for bearing imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Poland (X tons) and Thailand (X tons) were the main suppliers of tools for bearing imports to Serbia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of balls, needles and rollers for ball or roller bearings to Serbia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average tools for bearing import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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