Serbia: Hvac Equipment Market 2024

Hvac Equipment Market Size in Serbia

The Serbian HVAC equipment market rose sharply to $X in 2022, surging by X% against the previous year. In general, consumption, however, enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Hvac Equipment Production in Serbia

In value terms, HVAC equipment production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate temperate growth. Production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Hvac Equipment Exports

Exports from Serbia

For the seventh consecutive year, Serbia recorded growth in shipments abroad of HVAC equipment, which increased by X% to X units in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, HVAC equipment exports soared to $X in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Slovenia (X units), Germany (X units) and the UK (X units) were the main destinations of HVAC equipment exports from Serbia, together comprising X% of total exports. Italy, Austria, Poland, France, Russia, Montenegro, Bosnia and Herzegovina, Ireland, Sweden and Croatia lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), Slovenia ($X) and Germany ($X) constituted the largest markets for HVAC equipment exported from Serbia worldwide, together accounting for X% of total exports. Italy, Sweden, Poland, Bosnia and Herzegovina, Montenegro, Austria, the UK, Russia, Croatia and Ireland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Austria, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 HVAC equipment export price amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 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 Sweden ($X per unit), while the average price for exports to Ireland ($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.

Hvac Equipment Imports

Imports into Serbia

In 2022, approx. X units of HVAC equipment were imported into Serbia; increasing by X% on 2021. Overall, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, HVAC equipment imports surged to $X in 2022. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest HVAC equipment supplier to Serbia, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), sixfold. The third position in this ranking was taken by Italy (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of HVAC equipment to Serbia, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

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: Italy (X% per year) and South Korea (X% per year).

Import Prices by Country

The average HVAC equipment import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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