Serbia: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Serbia

The Serbian filling containers machinery market declined sharply to $X in 2022, which is down by X% against the previous year. In general, consumption showed a sharp contraction. Filling containers machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Filling Containers Machinery Production in Serbia

In value terms, filling containers machinery production skyrocketed to $X in 2022 estimated in export price. In general, production, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Filling containers machinery production peaked in 2022 and is expected to retain growth in the immediate term.

Filling Containers Machinery Exports

Exports from Serbia

In 2022, after three years of growth, there was decline in shipments abroad of machinery for filling, closing, sealing, capsuling or labelling containers, when their volume decreased by X% to X units. Overall, exports, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, filling containers machinery exports surged to $X in 2022. Over the period under review, total exports indicated measured growth from 2012 to 2022: its value 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. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X units), Montenegro (X units) and Hungary (X units) were the main destinations of filling containers machinery exports from Serbia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Montenegro, with a X% share.

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

Export Prices by Country

In 2022, the average filling containers machinery export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a measured expansion. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

Filling Containers Machinery Imports

Imports into Serbia

In 2022, purchases abroad of machinery for filling, closing, sealing, capsuling or labelling containers decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, filling containers machinery imports shrank to $X in 2022. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of filling containers machinery imports to Serbia, together comprising X% of total imports. Spain, Bulgaria, the Netherlands, Turkey, France and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest filling containers machinery suppliers to Serbia were Germany ($X), Italy ($X) and China ($X), together accounting for X% of total imports. Spain, Bulgaria, the Netherlands, Turkey, France and Sweden lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Spain, 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

In 2022, the average filling containers machinery import price amounted to $X per unit, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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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