Serbia: Non-Electric Pulley Tackle Market 2025

Non-Electric Pulley Tackle Market Size in Serbia

In 2022, the Serbian non-electric pulley tackle market increased by 7.7% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, continues to indicate a abrupt decrease. Non-electric pulley tackle consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Non-Electric Pulley Tackle Production in Serbia

In value terms, non-electric pulley tackle production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 39% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Non-Electric Pulley Tackle Exports

Exports from Serbia

In 2022, overseas shipments of pulley tackle and hoists, non-powered by electric motor increased by 31% to X units, rising for the second consecutive year after two years of decline. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 195% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-electric pulley tackle exports surged to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 406%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X units), Croatia (X units) and North Macedonia (X units) were the main destinations of non-electric pulley tackle exports from Serbia, with a combined 71% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +64.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from Serbia, comprising 71% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 5.4% share of total exports. It was followed by Bosnia and Herzegovina, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +75.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+22.6% per year) and Bosnia and Herzegovina (+20.1% per year).

Export Prices by Country

The average non-electric pulley tackle export price stood at $X per unit in 2022, rising by 28% against the previous year. Overall, the export price, however, saw a mild decline. The growth pace was the most rapid in 2015 when the average export price increased by 96%. The export price peaked at $X per unit in 2012; however, from 2013 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 Russia ($X per unit), while the average price for exports to Bulgaria ($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 (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Serbia

In 2022, purchases abroad of pulley tackle and hoists, non-powered by electric motor increased by 18% to X units, rising for the eighth consecutive year after two years of decline. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-electric pulley tackle imports rose remarkably to $X in 2022. Overall, imports saw strong growth. The pace of growth was the most pronounced in 2016 when imports increased by 59% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric pulley tackle to Serbia, accounting for a 86% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Hungary (X units) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.9% per year) and Hungary (+9.8% per year).

In value terms, China ($X), Germany ($X) and Hungary ($X) were the largest non-electric pulley tackle suppliers to Serbia, with a combined 78% share of total imports.

Germany, with a CAGR of +18.1%, recorded the highest growth rate of 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 non-electric pulley tackle import price stood at $X per unit in 2022, reducing by -9.5% against the previous year. Over the period under review, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33%. The import price peaked at $X per unit in 2013; however, from 2014 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform