Serbia: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Serbia

The Serbian market for diesel engines (other than for motor vehicles and aircraft) declined significantly to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate a slight reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Serbia

In value terms, production of diesel engines (other than for motor vehicles and aircraft) declined to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced curtailment. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Serbia

In 2022, shipments abroad of diesel engines (other than for motor vehicles and aircraft) increased by X% to X units, rising for the seventh consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022. In general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X units), the Netherlands (X units) and Bulgaria (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Serbia, together comprising 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 Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Bulgaria ($X) and the Netherlands ($X) were the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Serbia worldwide, together accounting for X% of total exports.

The Netherlands, 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

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Mauritania ($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 the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Serbia

In 2022, the amount of diesel engines (other than for motor vehicles and aircraft) imported into Serbia totaled X units, growing by X% against the year before. Overall, imports posted a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Serbia, accounting for a X% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from the UK exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Italy (X units) ranked third in terms of total imports with an X% share.

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

In value terms, the UK ($X) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Serbia, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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