Serbia: Milling Industry Machinery Market 2025

Milling Industry Machinery Market Size in Serbia

The Serbian milling industry machinery market fell markedly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption saw a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Milling Industry Machinery Production in Serbia

In value terms, milling industry machinery production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Milling Industry Machinery Exports

Exports from Serbia

Milling industry machinery exports from Serbia declined significantly to X units in 2022, with a decrease of X% compared with the previous year. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, milling industry machinery exports fell to $X in 2022. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Croatia (X units), North Macedonia (X units) and Slovenia (X units) were the main destinations of milling industry machinery exports from Serbia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for milling industry machinery exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Croatia ($X), with a X% share of total exports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and Slovenia (X% per year).

Export Prices by Country

The average milling industry machinery export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Albania ($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 Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milling Industry Machinery Imports

Imports into Serbia

In 2022, approx. X units of milling industry machinery were imported into Serbia; with a decrease of X% against the year before. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, milling industry machinery imports shrank markedly to $X in 2022. In general, imports, however, posted temperate growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of milling industry machinery to Serbia, with a X% share of total imports. Moreover, milling industry machinery imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Spain (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of milling industry machinery to Serbia, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Switzerland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Switzerland (X% per year).

Import Prices by Country

The average milling industry machinery import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted significantly in the following year.

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

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

Source: IndexBox Platform