Serbia: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2025

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Serbia

The Serbian market for electrical lighting or visual signaling equipment for motor vehicles and cycles expanded significantly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption saw a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Serbia

In value terms, lighting equipment for motor vehicles production reached $X in 2022 estimated in export price. In general, production saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Serbia

In 2022, shipments abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, lighting equipment for motor vehicles exports skyrocketed to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Italy (X units) and the Czech Republic (X units) were the main destinations of lighting equipment for motor vehicles exports from Serbia, together comprising X% of total exports.

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

In value terms, Germany ($X), Italy ($X) and the Czech Republic ($X) appeared to be the largest markets for lighting equipment for motor vehicles exported from Serbia worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of X%, 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 export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price recorded a significant expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per unit) and Albania ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Serbia

In 2022, imports of electrical lighting or visual signaling equipment for motor vehicles and cycles into Serbia shrank to X units, waning by X% compared with the previous year's figure. Overall, imports recorded a pronounced downturn. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, lighting equipment for motor vehicles imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany (X units), Taiwan (Chinese) (X units) and China (X units) were the main suppliers of lighting equipment for motor vehicles imports to Serbia, with a combined X% share of total imports. Romania, Turkey, the Czech Republic, Poland, France, Italy and Austria lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Taiwan (Chinese) ($X) and China ($X) were the largest lighting equipment for motor vehicles suppliers to Serbia, with a combined X% share of total imports. Romania, Turkey, the Czech Republic, Poland, Italy, France and Austria lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, jumping by X% against the previous year. Overall, the import price continues to indicate prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform