Serbia: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Serbia

In 2022, the Serbian grinding and sharpening machine market increased by X% to $X, rising for the fifth consecutive year after five years of decline. In general, consumption recorded a buoyant increase. Grinding and sharpening machine consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Grinding And Sharpening Metal Finishing Machines in Serbia

In value terms, grinding and sharpening machine production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Serbia

In 2022, shipments abroad of grinding and sharpening metal finishing machines increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed mild growth. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for grinding and sharpening machine exports from Serbia, with a X% share of total exports. Moreover, grinding and sharpening machine exports to Russia exceeded the volume sent to the second major destination, Romania (X units), fivefold. Slovenia (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 Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Slovenia (X% per year).

In value terms, Russia ($X) remains the key foreign market for grinding and sharpening metal finishing machines exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a 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: Slovenia (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Morocco ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Serbia

In 2022, supplies from abroad of grinding and sharpening metal finishing machines increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, grinding and sharpening machine imports contracted to $X in 2022. In general, imports posted a prominent increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of grinding and sharpening machine to Serbia, accounting for a X% share of total imports. It was followed by Germany (X units), with a X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to Serbia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

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

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price recorded a precipitous contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :