Serbia: Market for Vacuum Pumps and Air or Gas Compressors 2025

Market Size for Vacuum Pumps and Air or Gas Compressors in Serbia

In 2022, the Serbian market for vacuum pumps and air or gas compressors increased by 17% to $X, rising for the seventh consecutive year after two years of decline. Over the period under review, consumption continues to indicate a prominent expansion. Consumption of peaked in 2022 and is likely to continue growth in the immediate term.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Serbia

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported from Serbia; rising by 243% compared with 2021. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of vacuum pumps and air or gas compressors skyrocketed to $X in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Serbia, accounting for a 56% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to Germany exceeded the volume sent to the second major destination, Romania (X units), threefold. Finland (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +103.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+85.4% per year) and Finland (+124.0% per year).

In value terms, Germany ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from Serbia, comprising 45% of total exports. The second position in the ranking was taken by Romania ($X), with a 22% share of total exports. It was followed by Finland, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +87.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+74.7% per year) and Finland (+134.8% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, increasing by 50% against the previous year. Overall, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 70%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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 Finland ($X per unit), while the average price for exports to Greece ($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 North Macedonia (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Serbia

In 2022, overseas purchases of vacuum pumps and air or gas compressors increased by 48% to X units, rising for the seventh year in a row after two years of decline. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2019 when imports increased by 87%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of vacuum pumps and air or gas compressors dropped to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +49.8% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 35%. Over the period under review, imports of attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) was the main vacuum pump and air or gas compressor supplier to Serbia, with a 92% share of total imports. It was followed by Germany (X units), with a 1.5% share of total imports. Slovakia (X units) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.6% per year) and Slovakia (-7.8% per year).

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Serbia, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.1% per year) and Italy (+0.9% per year).

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, falling by -36.3% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 12%. The import price peaked at $X per unit in 2014; however, from 2015 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform