Serbia: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Serbia

The Serbian machine-tool for drilling market fell significantly to $X in 2022, shrinking 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, however, continues to indicate a mild expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Machine-Tool For Drilling Exports

Exports from Serbia

In 2022, machine-tool for drilling exports from Serbia soared to X units, jumping by X% on the previous year's figure. Over the period under review, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for drilling exports soared to $X in 2022. In general, exports recorded strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Slovenia (X units), Russia (X units) and Bosnia and Herzegovina (X units) were the main destinations of machine-tool for drilling exports from Serbia, with a combined X% share of total exports. Israel, India, Croatia, Germany, North Macedonia, Montenegro, Romania and Bulgaria lagged somewhat behind, together comprising a further X%.

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

In value terms, Slovenia ($X), the UK ($X) and Germany ($X) were the largest markets for machine-tool for drilling exported from Serbia worldwide, together comprising X% of total exports. Bosnia and Herzegovina, Russia, North Macedonia, India, Croatia, Israel, Montenegro, Bulgaria and Romania lagged somewhat behind, together comprising a further X%.

Israel, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. 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 remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Israel ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Serbia

In 2022, the amount of machine-tools for drilling, boring or milling metal imported into Serbia plummeted to X units, declining by X% compared with the previous year. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for drilling imports surged to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to Serbia, with a X% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The Czech Republic (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 the Czech Republic (X% per year).

In value terms, Germany ($X), the Czech Republic ($X) and China ($X) were the largest machine-tool for drilling suppliers to Serbia, with a combined X% share of total imports. Japan, the Netherlands, Taiwan (Chinese), Austria, Italy, Turkey, the UK, Israel and Finland lagged somewhat behind, together comprising a further X%.

Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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