Serbia: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Serbia

The Serbian overhead travelling crane market was estimated at $X in 2022, surging by 5.1% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Overhead Travelling Crane Production in Serbia

In value terms, overhead travelling crane production dropped to $X in 2022 estimated in export price. In general, production showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by 32% against the previous year. Overhead travelling crane production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports from Serbia

In 2022, the amount of overhead travelling cranes on fixed support exported from Serbia declined dramatically to X units, falling by -75.3% against the previous year's figure. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2018 when exports increased by 392%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, overhead travelling crane exports reduced notably to $X in 2022. Overall, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2018 when exports increased by 339% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Bulgaria (X units) and North Macedonia (X units) were the main destinations of overhead travelling crane exports from Serbia, together accounting for 97% 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 Germany (with a CAGR of +16.7%), while the other leaders experienced more modest paces of growth.

In value terms, North Macedonia ($X) emerged as the key foreign market for overhead travelling cranes on fixed support exports from Serbia, comprising 81% of total exports. The second position in the ranking was held by Russia ($X), with a 16% share of total exports. It was followed by Bulgaria, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to North Macedonia amounted to -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-39.9% per year) and Bulgaria (0.0% per year).

Export Prices by Country

The average overhead travelling crane export price stood at $X per unit in 2022, which is down by -69.9% against the previous year. In general, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 11% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Germany ($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 (-3.7%), while the prices for the other major destinations experienced a decline.

Overhead Travelling Crane Imports

Imports into Serbia

In 2022, purchases abroad of overhead travelling cranes on fixed support decreased by -36.7% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 160% against the previous year. Imports peaked at X units in 2021, and then contracted sharply in the following year.

In value terms, overhead travelling crane imports declined sharply to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by 154%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

China (X units), Bosnia and Herzegovina (X units) and Germany (X units) were the main suppliers of overhead travelling crane imports to Serbia, with a combined 58% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +48.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest overhead travelling crane suppliers to Serbia were China ($X), Bosnia and Herzegovina ($X) and Germany ($X), together comprising 57% of total imports.

Bosnia and Herzegovina, with a CAGR of +44.1%, recorded the highest rates of growth with regard to the value of imports, among 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 overhead travelling crane import price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bulgaria ($X per unit) and Finland ($X per unit), while the price for Bosnia and Herzegovina ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform