Serbia: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Serbia

After two years of growth, the Serbian diagnostic equipment market decreased by X% to $X in 2022. Over the period under review, consumption, however, posted a remarkable increase. As a result, consumption reached the peak level of $X, and then shrank sharply in the following year.

Diagnostic Equipment Exports

Exports from Serbia

In 2022, after two years of decline, there was significant growth in overseas shipments of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, when their volume increased by X% to X units. Overall, exports posted a modest expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, diagnostic equipment exports reached $X in 2022. Over the period under review, exports posted a prominent increase. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for diagnostic equipment exports from Serbia, with a X% share of total exports. Moreover, diagnostic equipment exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, North Macedonia (X units), threefold. Montenegro (X units) ranked third in terms of total exports with an X% share.

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

In value terms, Montenegro ($X), Germany ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for diagnostic equipment exported from Serbia worldwide, together comprising X% of total exports. North Macedonia, the Netherlands and Armenia lagged somewhat behind, together accounting for a further X%.

North Macedonia, with a CAGR of X%, recorded 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

In 2022, the average diagnostic equipment export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average 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 the Netherlands ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Central African Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into Serbia

In 2022, after two years of growth, there was significant decline in purchases abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, when their volume decreased by X% to X units. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then reduced in the following year.

In value terms, diagnostic equipment imports shrank to $X in 2022. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

The United States (X units), Germany (X units) and China (X units) were the main suppliers of diagnostic equipment imports to Serbia, with a combined X% share of total imports. Austria, Italy, Japan and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest diagnostic equipment suppliers to Serbia were China ($X), the United States ($X) and South Korea ($X), together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 diagnostic equipment import price amounted to $X per unit, approximately reflecting the previous year. In general, the import price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Austria ($X per unit) 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

Frequently Asked Questions (FAQ) :