Serbia: Metal Sawing Machine Market 2023

Metal Sawing Machine Market Size in Serbia

The Serbian metal sawing machine market soared to $X in 2022, growing 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 enjoyed significant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Metal Sawing Machine Exports

Exports from Serbia

In 2022, metal sawing machine exports from Serbia contracted sharply to X units, dropping by X% compared with 2021 figures. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then shrank significantly in the following year.

In value terms, metal sawing machine exports surged to $X in 2022. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Montenegro (X units), Poland (X units) and Finland (X units) were the main destinations of metal sawing machine exports from Serbia, with a combined X% share of total exports.

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

In value terms, Finland ($X) emerged as the key foreign market for sawing or cutting-off machines for working metal exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Montenegro ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average metal sawing machine export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Finland ($X per unit), while the average price for exports to Italy ($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 Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Sawing Machine Imports

Imports into Serbia

Metal sawing machine imports into Serbia skyrocketed to X units in 2022, picking up by X% compared with 2021. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal sawing machine imports surged to $X in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest metal sawing machine supplier to Serbia, with a X% share of total imports. Moreover, metal sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the largest metal sawing machine suppliers to Serbia, together accounting for X% of total imports. Turkey and Switzerland lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Switzerland, 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 metal sawing machine import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 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 ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :