Serbia: Manostat Market 2025

Manostat Market Size in Serbia

The Serbian manostat market rose rapidly to $X in 2022, increasing by 6.7% against the previous year. Over the period under review, consumption saw a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Manostat Production in Serbia

In value terms, manostat production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 677%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Manostat Exports

Exports from Serbia

In 2022, shipments abroad of manostats decreased by -57.3% to X units, falling for the third consecutive year after three years of growth. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 1,006% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, manostat exports fell remarkably to $X in 2022. In general, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 49% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Italy (X units) was the main destination for manostat exports from Serbia, accounting for a 95% share of total exports. It was followed by the Czech Republic (X units), with a 2.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+77.7% per year) and Russia (-17.6% per year).

In value terms, Italy ($X) remains the key foreign market for manostats exports from Serbia, comprising 84% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 5.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+40.7% per year) and Russia (-29.0% per year).

Export Prices by Country

The average manostat export price stood at $X per unit in 2022, surging by 88% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. Over the period under review, the average export prices hit record highs 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 the Czech Republic ($X per unit), while the average price for exports to Russia ($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 Russia (-13.8%), while the prices for the other major destinations experienced a decline.

Manostat Imports

Imports into Serbia

In 2022, imports of manostats into Serbia dropped modestly to X units, remaining constant against 2021. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 278%. Over the period under review, imports hit record highs at X units in 2021, and then fell modestly in the following year.

In value terms, manostat imports shrank to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 84%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) was the main manostat supplier to Serbia, with a approx. 97% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +41.7%.

In value terms, Italy ($X) constituted the largest supplier of manostats to Serbia.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +11.6%.

Import Prices by Country

In 2022, the average manostat import price amounted to $X per unit, reducing by -10.7% against the previous year. Overall, the import price recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 7.8% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to -21.2% per year.

Source: IndexBox Platform