Serbia: Personal Weighing Machine Market 2025

Personal Weighing Machine Market Size in Serbia

The Serbian personal weighing machine market soared to $X in 2022, growing by 47% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Personal Weighing Machine Exports

Exports from Serbia

In 2022, exports of personal weighing machines from Serbia rose markedly to X units, with an increase of 14% on the previous year's figure. In general, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 208% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, personal weighing machine exports rose remarkably to $X in 2022. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 69%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for personal weighing machine exports from Serbia, accounting for a 40% share of total exports. Moreover, personal weighing machine exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, North Macedonia (X units), threefold. The third position in this ranking was held by Montenegro (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+30.5% per year) and Montenegro (+18.7% per year).

In value terms, Bosnia and Herzegovina ($X), North Macedonia ($X) and Montenegro ($X) constituted the largest markets for personal weighing machine exported from Serbia worldwide, together comprising 66% of total exports.

North Macedonia, with a CAGR of +19.4%, recorded 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

The average personal weighing machine export price stood at $X per unit in 2022, waning by -5% against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Greece ($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 (-7.1%), while the prices for the other major destinations experienced a decline.

Personal Weighing Machine Imports

Imports into Serbia

In 2022, imports of personal weighing machines into Serbia soared to X units, with an increase of 83% compared with 2021. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 108% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, personal weighing machine imports rose remarkably to $X in 2022. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2017 when imports increased by 50%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main personal weighing machine supplier to Serbia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +24.1%.

In value terms, China ($X) constituted the largest supplier of personal weighing machines to Serbia.

From 2012 to 2022, the average annual growth rate of value from China amounted to +13.9%.

Import Prices by Country

The average personal weighing machine import price stood at $X per unit in 2022, which is down by -39.2% against the previous year. In general, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 75% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 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 China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -8.2% per year.

Source: IndexBox Platform