Serbia: Market for Dentist And Barber Chairs 2024

Market Size for Dentist And Barber Chairs in Serbia

The Serbian dentist or barber chair market skyrocketed to $X in 2022, with an increase of 109% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate buoyant growth. Dentist or barber chair consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Dentist And Barber Chairs

Exports from Serbia

In 2022, overseas shipments of dentist and barber chairs were finally on the rise to reach X units after five years of decline. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, dentist or barber chair exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a perceptible decrease. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Montenegro (X units), Bosnia and Herzegovina (X units) and Germany (X units) were the main destinations of dentist or barber chair exports from Serbia, with a combined 89% share of total exports. Switzerland, Croatia and North Macedonia lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of +30.3%), while the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Germany ($X) and Montenegro ($X) constituted the largest markets for dentist or barber chair exported from Serbia worldwide, together accounting for 90% of total exports.

Germany, with a CAGR of +31.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dentist or barber chair export price stood at $X per unit in 2022, picking up by 48% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dentist or barber chair export price increased by +73.1% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 59% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 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 Germany ($X per unit), while the average price for exports to Croatia ($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 Germany (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dentist And Barber Chairs

Imports into Serbia

In 2022, overseas purchases of dentist and barber chairs increased by 182% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dentist or barber chair imports soared to $X in 2022. Overall, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of dentist or barber chair imports to Serbia, together comprising 93% of total imports. Bosnia and Herzegovina lagged somewhat behind, accounting for a further 2.4%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +498.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Italy ($X) were the largest dentist or barber chair suppliers to Serbia, with a combined 82% share of total imports. Bosnia and Herzegovina lagged somewhat behind, comprising a further 5.7%.

Bosnia and Herzegovina, with a CAGR of +352.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 dentist or barber chair import price amounted to $X per unit, falling by -42.3% against the previous year. Overall, the import price, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 105% against the previous year. As a result, import price reached the peak level of $X per unit, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Turkey ($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 (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform