Serbia: Metal Chain Parts Market 2024

Metal Chain Parts Market Size in Serbia

The Serbian metal chain parts market dropped to $X in 2022, remaining stable against the previous year. In general, consumption, however, continues to indicate a perceptible decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Chain Parts Production in Serbia

In value terms, metal chain parts production declined to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable setback. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Metal chain parts production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Chain Parts Exports

Exports from Serbia

In 2022, metal chain parts exports from Serbia reduced dramatically to X tons, waning by X% on the previous year's figure. Overall, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, metal chain parts exports reduced sharply to $X in 2022. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Bosnia and Herzegovina (X tons) and Germany (X tons) were the main destinations of metal chain parts exports from Serbia, together accounting for X% of total exports. Italy, Russia, Slovenia, Hungary and North Macedonia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for metal chain parts exported from Serbia were Bosnia and Herzegovina ($X), France ($X) and Germany ($X), with a combined X% share of total exports. Italy, Russia, Hungary, Slovenia and North Macedonia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 metal chain parts export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

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

Metal Chain Parts Imports

Imports into Serbia

After seven years of growth, overseas purchases of parts of chains of iron or steel decreased by X% to X tons in 2022. In general, imports saw a pronounced reduction. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal chain parts imports stood at $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and Slovenia (X tons) were the main suppliers of metal chain parts imports to Serbia, together comprising X% of total imports. Turkey, Italy and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Slovenia ($X) and China ($X) constituted the largest metal chain parts suppliers to Serbia, with a combined X% share of total imports. Italy, Turkey and Bosnia and Herzegovina lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal chain parts import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Bosnia and Herzegovina ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform