Serbia: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Serbia

The Serbian pneumatic linear acting actuator market skyrocketed to $X in 2022, with an increase of 19% 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). In general, consumption saw prominent growth. Pneumatic linear acting actuator consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Pneumatic Linear Acting Actuators

Exports from Serbia

In 2022, exports of pneumatic linear acting actuators from Serbia was estimated at X units, picking up by 3% against 2021. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 147%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, pneumatic linear acting actuator exports declined slightly to $X in 2022. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 66% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

North Macedonia (X units), Bosnia and Herzegovina (X units) and Russia (X units) were the main destinations of pneumatic linear acting actuator exports from Serbia, with a combined 60% share of total exports. Germany, France, the UK, Italy, the Netherlands, Belarus, Montenegro and Poland lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +184.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic linear acting actuator exported from Serbia were North Macedonia ($X), Bosnia and Herzegovina ($X) and Russia ($X), together comprising 69% of total exports. The Netherlands, Germany, France, Montenegro, Italy, the UK, Belarus and Poland lagged somewhat behind, together accounting for a further 27%.

France, with a CAGR of +77.8%, 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

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, dropping by -5.9% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pneumatic linear acting actuator export price increased by +59.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Belarus ($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 Ukraine (+57.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Serbia

In 2022, approx. X units of pneumatic linear acting actuators were imported into Serbia; increasing by 14% against the year before. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 63%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, pneumatic linear acting actuator imports surged to $X in 2022. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of pneumatic linear acting actuator imports to Serbia, together accounting for 68% of total imports. Turkey, Hungary, the Czech Republic, Japan and the Netherlands lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +36.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pneumatic linear acting actuators to Serbia, comprising 44% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.7% per year) and Italy (+2.8% per year).

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, growing by 5.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 41% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform