Serbia: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Serbia

The Serbian market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022, with an increase of 44% against the previous year. Overall, consumption, however, continues to indicate a perceptible contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in Serbia

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA totaled $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 38% against the previous year. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Serbia

After three years of growth, shipments abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA decreased by -77.5% to X units in 2022. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 255% against the previous year. As a result, the exports reached the peak of X units, and then declined significantly in the following year.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA soared to $X in 2022. In general, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by 74%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Hungary (X units), Greece (X units) and Bosnia and Herzegovina (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Serbia, together accounting for 55% of total exports. Montenegro, North Macedonia, Germany and Croatia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +73.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Montenegro ($X), Greece ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Serbia worldwide, together accounting for 53% of total exports.

Greece, with a CAGR of +99.3%, saw the highest rates of growth with regard to 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 export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, growing by 588% against the previous year. Over the period under review, the export price, however, saw a perceptible downturn. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Hungary ($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 Greece (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Serbia

In 2022, approx. X units of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA were imported into Serbia; growing by 63% compared with 2021 figures. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 84%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA surged to $X in 2022. Overall, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X units) constituted the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA supplier to Serbia, accounting for a 67% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. The third position in this ranking was held by France (X units), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+36.8% per year) and France (+3.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Serbia, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.6% per year) and France (+0.2% per year).

Import Prices by Country

In 2022, the average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, with a decrease of -4.8% against the previous year. In general, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when the average import price increased by 6% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 China ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :