Serbia: Market for Wiring sets used in vehicles, aircraft or ships 2025

Market Size for Wiring sets used in vehicles, aircraft or ships in Serbia

The Serbian market for wiring sets used in vehicles, aircraft or ships stood at $X in 2022, rising by 3.3% against the previous year. Over the period under review, consumption, however, posted a buoyant expansion. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Wiring sets used in vehicles, aircraft or ships in Serbia

In value terms, production of wiring sets used in vehicles, aircraft or ships surged to $X in 2022 estimated in export price. Overall, production showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 77% against the previous year. Production of peaked in 2022 and is likely to see gradual growth in years to come.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Serbia

Exports of wiring sets used in vehicles, aircraft or ships from Serbia rose markedly to X tons in 2022, increasing by 8.2% on 2021 figures. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 35% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of wiring sets used in vehicles, aircraft or ships rose markedly to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 47% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Hungary (X tons) and Slovakia (X tons) were the main destinations of exports of wiring sets used in vehicles, aircraft or ships from Serbia, with a combined 67% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +400.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Hungary ($X) constituted the largest markets for wiring sets used in vehicles, aircraft or ships exported from Serbia worldwide, with a combined 68% share of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +439.6%, 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

The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2022, with a decrease of -2% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2013 an increase of 22% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Serbia

In 2022, imports of wiring sets used in vehicles, aircraft or ships into Serbia shrank to X tons, dropping by -10.6% compared with the year before. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships shrank to $X in 2022. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 29%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Hungary (X tons), Germany (X tons) and Tunisia (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Serbia, with a combined 57% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +118.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Germany ($X) and Slovakia ($X) appeared to be the largest wiring sets used in vehicles, aircraft or ships suppliers to Serbia, with a combined 54% share of total imports.

Among the main suppliers, Hungary, with a CAGR of +84.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, waning by -2.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform