Serbia: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Serbia

The Serbian electronic metal tester market totaled $X.9B in 2022, leveling off at the previous year. Overall, consumption, however, posted a prominent expansion. Electronic metal tester consumption peaked at $X.7B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electronic Metal Tester Production in Serbia

In value terms, electronic metal tester production totaled $X.1B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X.7B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electronic Metal Tester Exports

Exports from Serbia

In 2022, shipments abroad of electronic machines and appliances for testing metals increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic metal tester exports surged to $X in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), Slovenia (X units) and Russia (X units) were the main destinations of electronic metal tester exports from Serbia, together comprising X% of total exports. Moreover, electronic metal tester exports in France exceeded the figures recorded by the second-largest exporter, Slovenia, twofold.

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

In value terms, Russia ($X) emerged as the key foreign market for electronic machines and appliances for testing metals exports from Serbia, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

In 2022, the average electronic metal tester export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price recorded a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

Electronic Metal Tester Imports

Imports into Serbia

In 2022, approx. X units of electronic machines and appliances for testing metals were imported into Serbia; jumping by X% against the year before. Overall, imports saw moderate growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, electronic metal tester imports skyrocketed to $X in 2022. In general, imports enjoyed a perceptible increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of electronic metal tester imports to Serbia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Japan ($X) appeared to be the largest electronic metal tester suppliers to Serbia, with a combined X% share of total imports. The Netherlands, Italy and South Korea lagged somewhat behind, together comprising a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average electronic metal tester import price stood at $X per unit in 2022, stabilizing at the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat 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 Japan ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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