Serbia: Grinding Machine Market 2024

Grinding Machine Market Size in Serbia

The Serbian grinding machine market surged to $X in 2022, growing by X% against the previous year. In general, consumption enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Grinding Machine Production in Serbia

In value terms, grinding machine production shrank significantly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then declined rapidly in the following year.

Grinding Machine Exports

Exports from Serbia

Grinding machine exports from Serbia amounted to X units in 2022, picking up by X% compared with the previous year. Over the period under review, total exports indicated notable growth from 2012 to 2022: its volume 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, grinding machine exports soared to $X in 2022. Overall, total exports indicated prominent 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 increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X units), Greece (X units) and North Macedonia (X units) were the main destinations of grinding machine 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 Greece (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, North Macedonia ($X) remains the key foreign market for machines having individual functions, for mixing, kneading, crushing or grinding exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Greece ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

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

Export Prices by Country

The average grinding machine export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, export price indicated a resilient expansion 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. Based on 2022 figures, grinding machine export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to the United States ($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 Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Serbia

In 2022, the amount of machines having individual functions, for mixing, kneading, crushing or grinding imported into Serbia surged to X units, jumping by X% compared with the previous year. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, grinding machine imports fell to $X in 2022. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Turkey (X units) and Bulgaria (X units) were the main suppliers of grinding machine imports to Serbia, together comprising X% of total imports. Hungary, Slovakia, Belgium, the Netherlands, Austria, Germany, Poland and Slovenia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest grinding machine suppliers to Serbia were China ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total imports. Austria, Slovakia, Hungary, Poland, Belgium, Bulgaria, Slovenia and Turkey lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of 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 grinding machine import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price continues to indicate a noticeable decline. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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