Serbia: Concrete-Mixer Lorry Market 2025

Concrete-Mixer Lorry Market Size in Serbia

In 2022, the Serbian concrete-mixer lorry market decreased by -16.8% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, recorded a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Concrete-Mixer Lorry Exports

Exports from Serbia

In 2022, concrete-mixer lorry exports from Serbia contracted notably to X units, reducing by -37.5% on 2021. Over the period under review, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 433% against the previous year. As a result, the exports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, concrete-mixer lorry exports shrank significantly to $X in 2022. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 3,044%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell markedly in the following year.

Exports by Country

Lebanon (X units), Montenegro (X units) and Russia (X units) were the main destinations of concrete-mixer lorry exports from Serbia, together comprising 80% of total exports.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Montenegro ($X) and Lebanon ($X) appeared to be the largest markets for concrete-mixer lorry exported from Serbia worldwide, with a combined 89% share of total exports. Germany and Jordan lagged somewhat behind, together comprising a further 11%.

In terms of the main countries of destination, Jordan, with a CAGR of +332.7%, recorded the highest rates of growth with regard to 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 concrete-mixer lorry export price amounted to $X per unit, jumping by 17% against the previous year. Overall, the export price showed tangible growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 1,472% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

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 Russia ($X per unit), while the average price for exports to Jordan ($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 Jordan (+332.7%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete-Mixer Lorry Imports

Imports into Serbia

In 2022, supplies from abroad of concrete-mixer lorries decreased by -36% to X units, falling for the second year in a row after three years of growth. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by 200% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, concrete-mixer lorry imports fell to $X in 2022. Overall, imports, however, saw prominent growth. The growth pace was the most rapid in 2016 with an increase of 158% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X units), Germany (X units) and Spain (X units) were the main suppliers of concrete-mixer lorry imports to Serbia, together accounting for 55% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +40.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Turkey ($X) and Germany ($X) appeared to be the largest concrete-mixer lorry suppliers to Serbia, together accounting for 83% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +74.3%, 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 concrete-mixer lorry import price amounted to $X per unit, growing by 42% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+43.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform