Serbia: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Serbia

The Serbian cable-making machine market declined markedly to $X in 2022, shrinking by X% against the previous year. In general, consumption recorded a abrupt curtailment. Cable-making machine consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Cable-Making Machine Production in Serbia

In value terms, cable-making machine production dropped slightly to $X in 2022 estimated in export price. Overall, production showed a perceptible curtailment. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Cable-Making Machine Exports

Exports from Serbia

After two years of decline, overseas shipments of rope or cable-making machines increased by X% to X units in 2022. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cable-making machine exports contracted notably to $X in 2022. Overall, exports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X units) was the main destination for cable-making machine exports from Serbia, with a X% share of total exports. Moreover, cable-making machine exports to Bulgaria exceeded the volume sent to the second major destination, Slovakia (X units), threefold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bulgaria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X.0% per year) and Germany (X% per year).

In value terms, Kyrgyzstan ($X), Bulgaria ($X) and Slovakia ($X) constituted the largest markets for cable-making machine exported from Serbia worldwide, with a combined X% share of total exports.

Slovakia, with a CAGR of X.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

The average cable-making machine export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a significant contraction. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the 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 Kyrgyzstan ($X per unit), while the average price for exports to Austria ($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 India (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cable-Making Machine Imports

Imports into Serbia

Cable-making machine imports into Serbia surged to X units in 2022, with an increase of X% compared with the previous year. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cable-making machine imports surged to $X in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of cable-making machine imports to Serbia, together comprising X% of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of rope or cable-making machines to Serbia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

The average cable-making machine import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price posted a resilient expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform