Serbia: Market for Continuous-Action Elevators And Conveyors 2025

Market Size for Continuous-Action Elevators And Conveyors in Serbia

The Serbian continuous-action elevators and conveyors market surged to $X in 2022, growing by X% against the previous year. In general, consumption, however, recorded a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Continuous-Action Elevators And Conveyors in Serbia

In value terms, continuous-action elevators and conveyors production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a dramatic decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from Serbia

In 2022, overseas shipments of continuous-action elevators and conveyors were finally on the rise to reach X units after four years of decline. In general, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, continuous-action elevators and conveyors exports soared to $X in 2022. Over the period under review, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X units) was the main destination for continuous-action elevators and conveyors exports from Serbia, accounting for a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to Romania exceeded the volume sent to the second major destination, Switzerland (X units), twofold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Italy (X% per year).

In value terms, Italy ($X) remains the key foreign market for continuous-action elevators and conveyors exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

In 2022, the average continuous-action elevators and conveyors export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price showed significant growth. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 Italy ($X per unit), while the average price for exports to Bulgaria ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Continuous-Action Elevators And Conveyors

Imports into Serbia

In 2022, the amount of continuous-action elevators and conveyors imported into Serbia soared to X units, increasing by X% compared with 2021 figures. Over the period under review, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, continuous-action elevators and conveyors imports surged to $X in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland (X units), Japan (X units) and Poland (X units) were the main suppliers of continuous-action elevators and conveyors imports to Serbia, with a combined X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of continuous-action elevators and conveyors to Serbia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

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

Import Prices by Country

The average continuous-action elevators and conveyors import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit, and then fell rapidly in the following year.

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 ($X,030 per unit), while the price for Finland ($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 more modest paces of growth.

Source: IndexBox Platform