Serbia: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Serbia

The Serbian telephone apparatus market rose sharply to $X in 2022, with an increase of 9.8% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. Telephone apparatus consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Telephone Apparatus Production in Serbia

In value terms, telephone apparatus production declined to $X in 2022 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 101%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Telephone Apparatus Exports

Exports from Serbia

In 2022, telephone apparatus exports from Serbia skyrocketed to X tons, increasing by 17% compared with the previous year. In general, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 28%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, telephone apparatus exports expanded modestly to $X in 2022. Overall, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by 40% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for telephone apparatus exports from Serbia, accounting for a 67% share of total exports. Moreover, telephone apparatus exports to Sweden exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), threefold. Montenegro (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+3.7% per year) and Montenegro (+13.4% per year).

In value terms, the largest markets for telephone apparatus exported from Serbia were Bosnia and Herzegovina ($X), Montenegro ($X) and Sweden ($X), with a combined 46% share of total exports. Slovenia, the Netherlands, North Macedonia, Germany, the United States, Romania and Cyprus lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Romania, with a CAGR of +28.0%, 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 2021, the average telephone apparatus export price amounted to $X per ton, with a decrease of -12.7% against the previous year. Overall, the export price saw a slight downturn. The pace of growth was the most pronounced in 2016 an increase of 55% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Cyprus ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Serbia

In 2022, supplies from abroad of telephone apparatus increased by 17% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 47% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, telephone apparatus imports rose markedly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.0% against 2014 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 19%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of telephone apparatus to Serbia, with a 37% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+31.8% per year) and Sweden (+15.9% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Serbia, comprising 56% of total imports. The second position in the ranking was held by Vietnam ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+34.2% per year) and Sweden (+7.6% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 28%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform