Serbia: Laundry Machine Market 2024

Laundry Machine Market Size in Serbia

The Serbian laundry machine market skyrocketed to $X in 2022, picking up 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, however, showed a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Laundry Machine Exports

Exports from Serbia

In 2022, after four years of growth, there was significant decline in shipments abroad of washing, bleaching or dyeing machines, when their volume decreased by X% to X units. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2021, and then shrank notably in the following year.

In value terms, laundry machine exports expanded notably to $X in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for laundry machine exports from Serbia, accounting for a X% share of total exports. Moreover, laundry machine exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, the United States (X units), threefold. Croatia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Croatia (X% per year).

In value terms, the largest markets for laundry machine exported from Serbia were Bosnia and Herzegovina ($X), the United States ($X) and Italy ($X), together accounting for X% of total exports. Croatia, Montenegro, France and North Macedonia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, France, with a CAGR of X%, saw 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

In 2022, the average laundry machine export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2018 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 Italy ($X per unit), while the average price for exports to North Macedonia ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Laundry Machine Imports

Imports into Serbia

In 2022, laundry machine imports into Serbia skyrocketed to X units, with an increase of X% compared with the previous year. Over the period under review, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, laundry machine imports contracted remarkably to $X in 2022. In general, imports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X units) constituted the largest laundry machine supplier to Serbia, accounting for a X% share of total imports. Moreover, laundry machine imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

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

In value terms, the largest laundry machine suppliers to Serbia were Turkey ($X), China ($X) and Italy ($X), together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average laundry machine import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 China ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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