Serbia: Mattocks And Rakes Market 2025

Mattocks And Rakes Market Size in Serbia

The Serbian mattocks and rakes market skyrocketed to $X in 2022, surging by 41% against the previous year. In general, consumption, however, continues to indicate a noticeable contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mattocks And Rakes Production in Serbia

In value terms, mattocks and rakes production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by 22%. Mattocks and rakes production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Mattocks And Rakes Exports

Exports from Serbia

In 2022, overseas shipments of mattocks, picks, hoes and rakes decreased by -37.6% to X tons for the first time since 2011, thus ending a ten-year rising trend. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped notably in the following year.

In value terms, mattocks and rakes exports fell sharply to $X in 2022. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 40%. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Bulgaria (X tons), North Macedonia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of mattocks and rakes exports from Serbia, with a combined 72% share of total exports. Montenegro, Croatia, Moldova and Slovenia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of +974.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mattocks and rakes exported from Serbia were Bulgaria ($X), North Macedonia ($X) and Bosnia and Herzegovina ($X), with a combined 70% share of total exports. Montenegro, Croatia, Moldova and Slovenia lagged somewhat behind, together accounting for a further 30%.

Moldova, with a CAGR of +1,223.9%, saw 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

In 2022, the average mattocks and rakes export price amounted to $X per ton, picking up by 25% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattocks and rakes export price increased by +66.1% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovenia ($X per ton) and Moldova ($X per ton), while the average price for exports to Bulgaria ($X per ton) and Bosnia and Herzegovina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mattocks And Rakes Imports

Imports into Serbia

In 2022, the amount of mattocks, picks, hoes and rakes imported into Serbia stood at X tons, flattening at 2021. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +49.6% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, mattocks and rakes imports stood at $X in 2022. In general, imports saw a tangible expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 76%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mattocks and rakes to Serbia, accounting for a 72% share of total imports. Moreover, mattocks and rakes imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fourfold. The third position in this ranking was held by Bosnia and Herzegovina (X tons), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-2.3% per year) and Bosnia and Herzegovina (+62.1% per year).

In value terms, China ($X) constituted the largest supplier of mattocks, picks, hoes and rakes to Serbia, comprising 60% of total imports. The second position in the ranking was taken by Slovenia ($X), with a 24% share of total imports. It was followed by Bosnia and Herzegovina, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-1.9% per year) and Bosnia and Herzegovina (+64.3% per year).

Import Prices by Country

In 2022, the average mattocks and rakes import price amounted to $X per ton, growing by 8.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 26%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Taiwan (Chinese) ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform