Serbia: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Market Size in Serbia

The Serbian interchangeable spanner socket market skyrocketed to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a strong increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Interchangeable Spanner Socket Exports

Exports from Serbia

In 2022, after two years of growth, there was significant decline in shipments abroad of interchangeable spanner sockets, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, interchangeable spanner socket exports fell remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Slovenia (X tons) was the main destination for interchangeable spanner socket exports from Serbia, accounting for a X% share of total exports. Moreover, interchangeable spanner socket exports to Slovenia exceeded the volume sent to the second major destination, North Macedonia (X kg), more than tenfold. The third position in this ranking was held by Montenegro (X kg), with a X% share.

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

In value terms, Slovenia ($X) remains the key foreign market for interchangeable spanner sockets exports from Serbia, comprising X% of total exports. The second position in the ranking was held by North Macedonia ($X), with a X% share of total exports. It was followed by Montenegro, with an X% share.

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

Export Prices by Country

In 2022, the average interchangeable spanner socket export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price showed a drastic downturn. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into Serbia

In 2022, imports of interchangeable spanner sockets into Serbia skyrocketed to X tons, with an increase of X% against the previous year's figure. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, interchangeable spanner socket imports soared to $X in 2022. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) were the main suppliers of interchangeable spanner socket imports to Serbia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Germany ($X) appeared to be the largest interchangeable spanner socket suppliers to Serbia, together comprising X% of total imports.

In terms of the main suppliers, China, 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 interchangeable spanner socket import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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