Serbia: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in Serbia

The Serbian refrigerator or freezer market was estimated at $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, saw a noticeable contraction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Refrigerator Or Freezer Production in Serbia

In value terms, refrigerator or freezer production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted a prominent increase. Refrigerator or freezer production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Refrigerator Or Freezer Exports

Exports from Serbia

In 2022, approx. X units of furniture designed to receive refrigerating or freezing equipment were exported from Serbia; falling by X% compared with the previous year's figure. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, refrigerator or freezer exports contracted markedly to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Croatia (X units) was the main destination for refrigerator or freezer exports from Serbia, accounting for a X% share of total exports. Moreover, refrigerator or freezer exports to Croatia exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was taken by Slovenia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Croatia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Slovenia (X% per year).

In value terms, the largest markets for refrigerator or freezer exported from Serbia were Croatia ($X), Slovenia ($X) and the Netherlands ($X), together accounting for X% of total exports. Bosnia and Herzegovina, North Macedonia and Russia lagged somewhat behind, together accounting for a further X%.

Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 refrigerator or freezer export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Slovenia ($X per unit), while the average price for exports to the Netherlands ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Or Freezer Imports

Imports into Serbia

In 2022, approx. X units of furniture designed to receive refrigerating or freezing equipment were imported into Serbia; which is down by X% compared with the year before. In general, imports saw a perceptible descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, refrigerator or freezer imports contracted dramatically to $X in 2022. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of refrigerator or freezer to Serbia, with a X% share of total imports. Moreover, refrigerator or freezer imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Turkey (X units), with an X% share.

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

In value terms, Italy ($X) constituted the largest supplier of furniture designed to receive refrigerating or freezing equipment to Serbia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average refrigerator or freezer import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform