Serbia: Loading Machinery Market 2024

Loading Machinery Market Size in Serbia

After five years of growth, the Serbian loading machinery market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted markedly in the following year.

Loading Machinery Production in Serbia

In value terms, loading machinery production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. Over the period under review, production attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Loading Machinery Exports

Exports from Serbia

In 2022, overseas shipments of lifting, handling, loading or unloading machinery were finally on the rise to reach X units after two years of decline. In general, exports posted strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, loading machinery exports contracted to $X in 2022. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X units), Sweden (X units) and Montenegro (X units) were the main destinations of loading machinery exports from Serbia, with a combined X% share of total exports. France, Bosnia and Herzegovina, Russia, Hong Kong SAR, Croatia and Switzerland 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 France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for loading machinery exported from Serbia were Hong Kong SAR ($X), Bosnia and Herzegovina ($X) and Russia ($X), with a combined X% share of total exports. Sweden, France, Croatia, Montenegro, Romania and Switzerland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, France, with a CAGR of X%, saw the highest rates of growth with regard to 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 loading machinery export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a noticeable reduction. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Switzerland ($X per unit), while the average price for exports to Romania ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Loading Machinery Imports

Imports into Serbia

In 2022, after seven years of growth, there was significant decline in overseas purchases of lifting, handling, loading or unloading machinery, when their volume decreased by X% to X units. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, loading machinery imports shrank remarkably to $X in 2022. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Germany (X units), the United States (X units) and China (X units) were the main suppliers of loading machinery imports to Serbia, together accounting for X% of total imports. Finland, Italy, the Netherlands, France, Romania, Poland, Turkey, Hungary, the Czech Republic and Canada lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest loading machinery suppliers to Serbia were Germany ($X), Italy ($X) and China ($X), with a combined X% share of total imports. The United States, Finland, the Netherlands, France, Romania, Poland, Turkey, the Czech Republic, Hungary and Canada lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Poland, 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

The average loading machinery import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then reduced modestly in the following year.

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 Italy ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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