Serbia: Invalid Carriage Market 2025

Invalid Carriage Market Size in Serbia

The Serbian invalid carriage market dropped to $X in 2022, declining by -12.3% 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). In general, consumption, however, recorded a buoyant expansion. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Invalid Carriage Exports

Exports from Serbia

In 2022, exports of invalid carriages not mechanically propelled from Serbia fell dramatically to X units, with a decrease of -47.7% against the previous year's figure. Over the period under review, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 443%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, invalid carriage exports fell notably to $X in 2022. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 955% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Montenegro (X units) was the main destination for invalid carriage exports from Serbia, with a 83% share of total exports. Moreover, invalid carriage exports to Montenegro exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Montenegro totaled -5.4%.

In value terms, Montenegro ($X) remains the key foreign market for invalid carriages not mechanically propelled exports from Serbia, comprising 86% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Montenegro stood at -4.7%.

Export Prices by Country

The average invalid carriage export price stood at $X per unit in 2022, growing by 16% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 272%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Bosnia and Herzegovina amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Invalid Carriage Imports

Imports into Serbia

In 2022, approx. X units of invalid carriages not mechanically propelled were imported into Serbia; shrinking by -16.2% against the previous year's figure. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, invalid carriage imports dropped to $X in 2022. Overall, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X units), Greece (X units) and Germany (X units) were the main suppliers of invalid carriage imports to Serbia, together accounting for 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +35.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest invalid carriage suppliers to Serbia were China ($X), Poland ($X) and Greece ($X), with a combined 59% share of total imports.

Poland, with a CAGR of +73.2%, recorded 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

The average invalid carriage import price stood at $X per unit in 2022, surging by 4.8% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, invalid carriage import price decreased by -1.1% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 18%. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform