Serbia: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in Serbia

In 2023, the Serbian fruit-preparation industrial machinery market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Fruit-Preparation Industrial Machinery Production in Serbia

In value terms, fruit-preparation industrial machinery production fell to $X in 2023 estimated in export price. In general, production 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 2023, production growth remained at a lower figure.

Fruit-Preparation Industrial Machinery Exports

Exports from Serbia

In 2023, after two years of growth, there was significant decline in shipments abroad of industrial machinery for the preparation of fruits, nuts or vegetables, when their volume decreased by X% to X units. In general, total exports indicated mild growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2022, and then plummeted in the following year.

In value terms, fruit-preparation industrial machinery exports dropped rapidly to $X in 2023. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then contracted rapidly in the following year.

Exports by Country

Russia (X units), North Macedonia (X units) and Montenegro (X units) were the main destinations of fruit-preparation industrial machinery exports from Serbia, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the United States ($X) and Poland ($X) constituted the largest markets for fruit-preparation industrial machinery exported from Serbia worldwide, together comprising X% of total exports. Moldova, Montenegro, Bosnia and Herzegovina, North Macedonia, Croatia, Romania, Bulgaria, Ukraine and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Montenegro, 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

The average fruit-preparation industrial machinery export price stood at $X per unit in 2023, declining by X% against the previous year. Over the period under review, the export price continues to indicate a slight descent. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Fruit-Preparation Industrial Machinery Imports

Imports into Serbia

In 2023, after three years of growth, there was significant decline in supplies from abroad of industrial machinery for the preparation of fruits, nuts or vegetables, when their volume decreased by X% to X units. In general, imports recorded a mild setback. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, fruit-preparation industrial machinery imports contracted markedly to $X in 2023. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

The Netherlands (X units), Italy (X units) and Sweden (X units) were the main suppliers of fruit-preparation industrial machinery imports to Serbia, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Sweden ($X) and the Netherlands ($X) were the largest fruit-preparation industrial machinery suppliers to Serbia, together comprising X% of total imports.

In terms of the main suppliers, Sweden, with a CAGR of X%, saw the highest growth rate of 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 fruit-preparation industrial machinery import price stood at $X per unit in 2023, waning by X% against the previous year. In general, the import price, however, showed a prominent increase. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2022, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform