Serbia: Pressure-Reducing Iron Valve Market 2025

Pressure-Reducing Iron Valve Market Size in Serbia

After seven years of growth, the Serbian pressure-reducing iron valve market decreased by -8.9% to $X in 2022. Overall, consumption, however, showed a strong expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank in the following year.

Pressure-Reducing Iron Valve Production in Serbia

In value terms, pressure-reducing iron valve production soared to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a noticeable increase. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Pressure-Reducing Iron Valve Exports

Exports from Serbia

After two years of growth, shipments abroad of pressure-reducing, control, check and safety valves decreased by -7% to X units in 2022. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2014 when exports increased by 39%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports expanded sharply to $X in 2022. In general, exports saw a deep downturn. The growth pace was the most rapid in 2018 when exports increased by 22%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

North Macedonia (X units), Bosnia and Herzegovina (X units) and Austria (X units) were the main destinations of pressure-reducing iron valve exports from Serbia, together accounting for 71% of total exports. Montenegro, Italy, Croatia, Greece and Russia lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +59.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pressure-reducing iron valve exported from Serbia were Bosnia and Herzegovina ($X), North Macedonia ($X) and Montenegro ($X), together accounting for 54% of total exports. Austria, Croatia, Russia, Greece and Italy lagged somewhat behind, together comprising a further 26%.

Among the main countries of destination, Greece, with a CAGR of +50.7%, recorded the highest growth rate of 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 pressure-reducing iron valve export price amounted to $X per unit, with an increase of 13% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 29% 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 remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Austria ($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 (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Serbia

In 2022, supplies from abroad of pressure-reducing, control, check and safety valves decreased by -19.6% to X units, falling for the second year in a row after four years of growth. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 26% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports declined significantly to $X in 2022. Over the period under review, imports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2018 when imports increased by 28% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of pressure-reducing iron valve to Serbia, with a 44% share of total imports. Moreover, pressure-reducing iron valve imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Germany (X units), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.7% per year) and Germany (-6.9% per year).

In value terms, Italy ($X), Germany ($X) and China ($X) constituted the largest pressure-reducing iron valve suppliers to Serbia, together accounting for 61% of total imports. Slovenia, Hungary, Poland, Turkey and the Czech Republic lagged somewhat behind, together comprising a further 18%.

Poland, with a CAGR of +28.2%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 pressure-reducing iron valve import price stood at $X per unit in 2022, picking up by 5.4% against the previous year. In general, the import price, however, recorded a slight reduction. The pace of growth appeared the most rapid in 2016 an increase of 53% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Germany (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform