Serbia: Built-In Jacking System Market 2024

Built-In Jacking System Market Size in Serbia

The Serbian built-in jacking system market was estimated at $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Built-In Jacking System Exports

Exports from Serbia

In 2022, shipments abroad of built-in jacking systems of a type used in garages for raising vehicles increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, built-in jacking system exports soared to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X units), Montenegro (X units) and Croatia (X units) were the main destinations of built-in jacking system exports from Serbia, together accounting for X% of total exports. Moreover, built-in jacking system exports in North Macedonia exceeded the figures recorded by the second-largest exporter, Montenegro, twofold.

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

In value terms, Montenegro ($X), North Macedonia ($X) and Russia ($X) were the largest markets for built-in jacking system exported from Serbia worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Montenegro, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average built-in jacking system export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

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 Russia ($X per unit), while the average price for exports to North Macedonia ($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 Montenegro (X%), while the prices for the other major destinations experienced a decline.

Built-In Jacking System Imports

Imports into Serbia

In 2022, overseas purchases of built-in jacking systems of a type used in garages for raising vehicles decreased by X% to X units, falling for the second consecutive year after seven years of growth. Over the period under review, imports, however, continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, built-in jacking system imports surged to $X in 2022. In general, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of built-in jacking system to Serbia, with a X% share of total imports. Moreover, built-in jacking system imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Germany (X units), with an X% share.

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

In value terms, Italy ($X), China ($X) and Germany ($X) constituted the largest built-in jacking system suppliers to Serbia, with a combined X% share of total imports.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average built-in jacking system import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a deep reduction. The import price peaked at $X per unit in 2015; however, from 2016 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 Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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