Serbia: Helicopter Market 2024

Helicopter Market Size in Serbia

After two years of decline, the Serbian helicopter market increased by 1,050% to $X in 2022. Over the period under review, consumption posted a significant increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Helicopter Production in Serbia

In value terms, helicopter production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 18%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Helicopter Exports

Exports from Serbia

In 2022, exports of civil helicopters from Serbia dropped dramatically to X units, declining by -66.7% on the year before. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, helicopter exports soared to $X in 2022. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 308%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units), Bosnia and Herzegovina (X units) and Germany (X units) were the main destinations of helicopter exports from Serbia. Moreover, helicopter exports in Kazakhstan exceeded the figures recorded by the second-largest exporter, Bosnia and Herzegovina, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for civil helicopters exports from Serbia, comprising 67% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +71.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+86.4% per year) and Bosnia and Herzegovina (+5.3% per year).

Export Prices by Country

The average helicopter export price stood at $X per unit in 2022, with an increase of 767% against the previous year. In general, the export price, however, showed a slight contraction. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Germany ($X per unit), while the average price for exports to Kazakhstan ($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 Kazakhstan (+86.4%), while the prices for the other major destinations experienced more modest paces of growth.

Helicopter Imports

Imports into Serbia

In 2022, purchases abroad of civil helicopters increased by 525% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 1,497% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, helicopter imports soared to $X in 2022. In general, imports posted a significant increase. The growth pace was the most rapid in 2015 when imports increased by 277% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of helicopter to Serbia, with a 73% share of total imports. Moreover, helicopter imports from France exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +57.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+31.5% per year) and China (0.0% per year).

In value terms, the largest helicopter suppliers to Serbia were France ($X), Russia ($X) and China ($X), together accounting for 99% of total imports.

Among the main suppliers, France, with a CAGR of +197.2%, recorded the highest rates of growth with regard to 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

In 2022, the average helicopter import price amounted to $X per unit, with a decrease of -60.4% against the previous year. Over the period under review, the import price, however, posted prominent growth. The growth pace was the most rapid in 2021 when the average import price increased by 449% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Russia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+233.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform