Serbia: Metal Castor Mounting Market 2024

Metal Castor Mounting Market Size in Serbia

For the fourth consecutive year, the Serbian metal castor mounting market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption posted a remarkable increase. Metal castor mounting consumption peaked in 2022 and is likely to see steady growth in the near future.

Metal Castor Mounting Exports

Exports from Serbia

In 2022, the amount of castors with mountings of base metal exported from Serbia surged to X tons, picking up by X% compared with 2021 figures. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, metal castor mounting exports soared to $X in 2022. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X tons), Croatia (X tons) and Austria (X tons) were the main destinations of metal castor mounting exports from Serbia, together accounting for X% of total exports.

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

In value terms, the largest markets for metal castor mounting exported from Serbia were Austria ($X), Bosnia and Herzegovina ($X) and Germany ($X), with a combined X% share of total exports.

Austria, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

The average metal castor mounting export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price 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, metal castor mounting export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Croatia ($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 North Macedonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports into Serbia

For the fourth consecutive year, Serbia recorded growth in purchases abroad of castors with mountings of base metal, which increased by X% to X tons in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, metal castor mounting imports expanded to $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Slovenia (X tons) and Turkey (X tons) were the main suppliers of metal castor mounting imports to Serbia, with a combined X% share of total imports. Italy, Greece, Hong Kong SAR and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal castor mounting suppliers to Serbia were China ($X), Slovenia ($X) and Germany ($X), with a combined X% share of total imports. Italy, Turkey, Greece and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average metal castor mounting import price amounted to $X per ton, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2021, and then contracted rapidly in the following year.

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 Germany ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform