Serbia: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2025

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Serbia

The Serbian electric oven and cooker market was estimated at $X in 2022, almost unchanged from 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). Overall, consumption posted strong growth. Electric oven and cooker consumption peaked in 2022 and is likely to continue growth in years to come.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Serbia

In 2022, overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters increased by 15% to X units, rising for the fifth year in a row after four years of decline. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 52%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, electric oven and cooker exports surged to $X in 2022. Over the period under review, exports, however, saw a mild slump. The growth pace was the most rapid in 2013 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X units), Montenegro (X units) and North Macedonia (X units) were the main destinations of electric oven and cooker exports from Serbia, with a combined 57% share of total exports. Lithuania, Italy, Croatia, Slovenia, Russia and Germany lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +91.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric oven and cooker exported from Serbia were Lithuania ($X), Italy ($X) and Croatia ($X), together comprising 44% of total exports.

Among the main countries of destination, Italy, with a CAGR of +84.2%, saw 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 electric oven and cooker export price amounted to $X per unit, growing by 8.2% against the previous year. Overall, the export price, however, showed a abrupt downturn. Over the period under review, the average export prices reached 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 Germany ($X per unit), while the average price for exports to Montenegro ($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 Germany (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Serbia

In 2022, electric oven and cooker imports into Serbia surged to X units, picking up by 23% compared with the year before. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2020 when imports increased by 65%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, electric oven and cooker imports shrank to $X in 2022. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

China (X units), Turkey (X units) and Slovenia (X units) were the main suppliers of electric oven and cooker imports to Serbia, together comprising 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +32.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Serbia, comprising 43% of total imports. The second position in the ranking was held by Slovenia ($X), with a 17% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-3.6% per year) and China (+7.8% per year).

Import Prices by Country

The average electric oven and cooker import price stood at $X per unit in 2022, reducing by -30.3% against the previous year. Overall, the import price recorded a abrupt descent. The growth pace was the most rapid in 2021 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform