Serbia: Market for Side Cars and Cycles with Non-Combustion Motors 2024

Market Size for Side Cars and Cycles with Non-Combustion Motors in Serbia

The Serbian market for side cars and cycles with non-combustion motors declined modestly to $X in 2022, flattening at the previous year. In general, consumption saw a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Side Cars and Cycles with Non-Combustion Motors in Serbia

In value terms, production of side cars and cycles with non-combustion motors fell to $X in 2022 estimated in export price. Overall, production showed a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Side Cars and Cycles with Non-Combustion Motors

Exports from Serbia

After four years of growth, shipments abroad of side cars and cycles with non-combustion motors decreased by X% to X units in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports of attained the peak figure at X units in 2021, and then contracted significantly in the following year.

In value terms, exports of side cars and cycles with non-combustion motors fell dramatically to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2021, and then dropped markedly in the following year.

Exports by Country

North Macedonia (X units), Bosnia and Herzegovina (X units) and the Czech Republic (X units) were the main destinations of exports of side cars and cycles with non-combustion motors from Serbia, together accounting for X% of total exports. Bulgaria, Slovenia, Croatia and Montenegro lagged somewhat behind, together comprising a further X%.

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

In value terms, Bosnia and Herzegovina ($X), North Macedonia ($X) and the Czech Republic ($X) were the largest markets for side car and cycle with non-combustion motor exported from Serbia worldwide, together accounting for X% of total exports.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for side cars and cycles with non-combustion motors stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Croatia ($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 the Czech Republic (X%), while the prices for the other major destinations experienced a decline.

Imports of Side Cars and Cycles with Non-Combustion Motors

Imports into Serbia

In 2022, after seven years of growth, there was significant decline in supplies from abroad of side cars and cycles with non-combustion motors, when their volume decreased by X% to X units. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X units in 2021, and then fell markedly in the following year.

In value terms, imports of side cars and cycles with non-combustion motors fell rapidly to $X in 2022. In general, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of side car and cycle with non-combustion motor to Serbia, accounting for a X% share of total imports. It was followed by Croatia (X units), with a X% share of total imports. The third position in this ranking was taken by Turkey (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of side cars and cycles with non-combustion motors to Serbia, comprising X% of total imports. The second position in the ranking was held by Croatia ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

In 2022, the average import price for side cars and cycles with non-combustion motors amounted to $X per unit, declining by X% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Croatia ($X per unit), while the price for China ($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 mixed trend patterns.

Source: IndexBox Platform

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