Serbia: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in Serbia

The Serbian transportation vehicle body market reduced to $X in 2022, dropping by -5.3% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.7% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Transportation Vehicle Body Production in Serbia

In value terms, transportation vehicle body production reduced to $X in 2022 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. Transportation vehicle body production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Transportation Vehicle Body Exports

Exports from Serbia

In 2022, the amount of bodies for motor vehicles for the transporting people exported from Serbia reduced to X units, which is down by -9.3% against the previous year's figure. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 167% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, transportation vehicle body exports declined to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 147%. Over the period under review, the exports reached the maximum at $X in 2016; afterwards, it flattened through to 2022.

Exports by Country

Italy (X units) was the main destination for transportation vehicle body exports from Serbia, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +35.1%.

In value terms, Italy ($X) also remains the key foreign market for bodies for motor vehicles for the transporting people exports from Serbia.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +11.6%.

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, surging by 7.9% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 14%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to -17.4% per year.

Transportation Vehicle Body Imports

Imports into Serbia

In 2022, purchases abroad of bodies for motor vehicles for the transporting people decreased by -91.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 623% against the previous year. As a result, imports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, transportation vehicle body imports contracted rapidly to $X in 2022. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 534%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted significantly in the following year.

Imports by Country

The Czech Republic (X units), Germany (X units) and Japan (X units) were the main suppliers of transportation vehicle body imports to Serbia, together accounting for 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +7.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of bodies for motor vehicles for the transporting people to Serbia, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by the Czech Republic, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at +49.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.0% per year) and the Czech Republic (+17.2% per year).

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, rising by 140% against the previous year. Overall, the import price showed a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 173%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+49.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform