Serbia: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in Serbia

In 2022, after two years of growth, there was decline in the Serbian domestic electro-thermic appliances market, when its value decreased by X% to $X. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. As a result, consumption reached the peak level of $X, and then fell modestly in the following year.

Domestic Electro-Thermic Appliances Production in Serbia

In value terms, domestic electro-thermic appliances production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Domestic electro-thermic appliances production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Domestic Electro-Thermic Appliances Exports

Exports from Serbia

In 2022, the amount of domestic electro-thermic appliances exported from Serbia was estimated at X units, surging by X% on the previous year's figure. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, domestic electro-thermic appliances exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Croatia (X units), Germany (X units) and Bosnia and Herzegovina (X units) were the main destinations of domestic electro-thermic appliances exports from Serbia, together accounting for X% of total exports. Montenegro, Ukraine, Lithuania, Slovenia, Austria, North Macedonia, Russia, the Czech Republic, Poland and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, Ukraine ($X), Germany ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for domestic electro-thermic appliances exported from Serbia worldwide, together accounting for X% of total exports. Lithuania, Croatia, Slovenia, Austria, Montenegro, the Czech Republic, Russia, North Macedonia, Poland and the UK lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, 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 domestic electro-thermic appliances export price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Montenegro ($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 Ukraine (X%), while the prices for the other major destinations experienced mixed trend patterns.

Domestic Electro-Thermic Appliances Imports

Imports into Serbia

For the seventh year in a row, Serbia recorded growth in purchases abroad of domestic electro-thermic appliances, which increased by X% to X units in 2022. In general, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, domestic electro-thermic appliances imports shrank to $X in 2022. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of domestic electro-thermic appliances to Serbia, accounting for a X% share of total imports. Moreover, domestic electro-thermic appliances imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), eightfold. The third position in this ranking was taken by Poland (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Poland (X% per year).

In value terms, the largest domestic electro-thermic appliances suppliers to Serbia were China ($X), Turkey ($X) and Slovenia ($X), together comprising X% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of 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

The average domestic electro-thermic appliances import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform