Serbia: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Serbia

The Serbian road tractor for semi-trailer market totaled $X in 2022, picking up by X% against the previous year. Over the period under review, consumption posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers in Serbia

In value terms, road tractor for semi-trailer production rose markedly to $X in 2022 estimated in export price. Overall, production recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Road Tractors For Semi-Trailers

Exports from Serbia

In 2022, after two years of growth, there was decline in overseas shipments of road tractors for semi-trailers, when their volume decreased by X% to X units. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then fell modestly in the following year.

In value terms, road tractor for semi-trailer exports contracted dramatically to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X units), Montenegro (X units) and Croatia (X units) were the main destinations of road tractor for semi-trailer exports from Serbia, with a combined X% share of total exports.

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

In value terms, the largest markets for road tractor for semi-trailer exported from Serbia were Montenegro ($X), Slovenia ($X) and Jordan ($X), together comprising X% of total exports. Bosnia and Herzegovina, Croatia, Belgium, Afghanistan, Iran and Austria lagged somewhat behind, together comprising a further X%.

Bosnia and Herzegovina, with a CAGR of X%, recorded the highest rates of growth with regard to 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 road tractor for semi-trailer export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price showed a deep downturn. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

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

Imports of Road Tractors For Semi-Trailers

Imports into Serbia

For the third year in a row, Serbia recorded growth in overseas purchases of road tractors for semi-trailers, which increased by X% to X units in 2022. Over the period under review, total imports indicated tangible 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, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, road tractor for semi-trailer imports fell slightly to $X in 2022. Overall, total imports indicated a notable increase 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of road tractor for semi-trailer to Serbia, accounting for a X% share of total imports. Moreover, road tractor for semi-trailer imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Sweden (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest road tractor for semi-trailer suppliers to Serbia, together accounting for X% of total imports. Spain, Italy, Sweden and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded 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

The average road tractor for semi-trailer import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a slight descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average 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 Spain ($X per unit), while the price for Germany ($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

Frequently Asked Questions (FAQ) :