Serbia: Ignition Magneto Market 2024

Ignition Magneto Market Size in Serbia

The Serbian ignition magneto market dropped to $X in 2022, stabilizing at the previous year. In general, consumption recorded a relatively flat trend pattern. Ignition magneto consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Ignition Magneto Production in Serbia

In value terms, ignition magneto production stood at $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Ignition Magneto Exports

Exports from Serbia

Ignition magneto exports from Serbia soared to X units in 2022, rising by X% compared with the previous year's figure. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, ignition magneto exports surged to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for ignition magneto exports from Serbia, with a X% share of total exports. Moreover, ignition magneto exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Montenegro (X units), twofold. Slovenia (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Montenegro ($X) remains the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Slovenia, with a X% share.

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

Export Prices by Country

In 2022, the average ignition magneto export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Ignition Magneto Imports

Imports into Serbia

In 2022, overseas purchases of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by X% to X units, falling for the third year in a row after five years of growth. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ignition magneto imports contracted sharply to $X in 2022. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest ignition magneto supplier to Serbia, accounting for a X% share of total imports. Moreover, ignition magneto imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. Italy (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest ignition magneto suppliers to Serbia were Germany ($X), China ($X) and the Philippines ($X), with a combined X% share of total imports.

Among the main suppliers, the Philippines, 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

In 2022, the average ignition magneto import price amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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