Serbia: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Serbia

In 2022, the Serbian pneumatic linear acting actuator market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, posted resilient growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Exports of Pneumatic Linear Acting Actuators

Exports from Serbia

In 2022, after two years of growth, there was significant decline in overseas shipments of pneumatic linear acting actuators, when their volume decreased by X% to X units. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, pneumatic linear acting actuator exports shrank slightly to $X in 2022. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

North Macedonia (X units), Bosnia and Herzegovina (X units) and Germany (X units) were the main destinations of pneumatic linear acting actuator exports from Serbia, together accounting for X% of total exports. Russia, France, the UK, Italy, Belarus and Poland lagged somewhat behind, together comprising a further X%.

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

In value terms, North Macedonia ($X), Bosnia and Herzegovina ($X) and Russia ($X) appeared to be the largest markets for pneumatic linear acting actuator exported from Serbia worldwide, together comprising X% of total exports. Germany, France, Italy, the UK, Belarus and Poland lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 pneumatic linear acting actuator export price stood at $X per unit in 2022, surging by X% against the previous year. Overall, export price indicated measured growth 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, pneumatic linear acting actuator export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Pneumatic Linear Acting Actuators

Imports into Serbia

Pneumatic linear acting actuator imports into Serbia reduced slightly to X units in 2022, dropping by X% against the previous year's figure. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, pneumatic linear acting actuator imports soared to $X in 2022. Overall, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of pneumatic linear acting actuator imports to Serbia, together accounting for X% of total imports. France, Hungary, the Czech Republic, Turkey, Spain, the United States, Japan, Poland and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of pneumatic linear acting actuators to Serbia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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