Price for Tools, Hand; Other than Household Tools in Serbia - 2023

Price for Tools, Hand; Other than Household Tools in Serbia (FOB) - 2022

In 2022, the average export price for tools, hand; other than household toolses amounted to $9,332 per ton, surging by 9% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tools, hand; other than household toolses increased by +96.0% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of 32%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($72,629 per ton), while the average price for exports to Suriname ($3,299 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 Bulgaria (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tools, Hand; Other than Household Tools in Serbia (CIF) - 2022

The average import price for tools, hand; other than household toolses stood at $7,937 per ton in 2022, with a decrease of -6.5% against the previous year. Over the period under review, the import price saw a mild descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $10,098 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($47,108 per ton), while the price for Turkey ($4,609 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tools, Hand; Other than Household Tools in Serbia

In 2022, approx. 1.1K tons of tools, hand; other than household toolses were exported from Serbia; which is down by -2.1% on 2021 figures. Over the period under review, exports recorded a pronounced curtailment. The growth pace was the most rapid in 2021 when exports increased by 11%.

In value terms, exports of tools, hand; other than household toolses reached $10M in 2022. The total export value increased at an average annual rate of +11.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Export of Tools, Hand; Other than Household Tools in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	385	250	612	1,479	56.6%
Montenegro	729	544	751	820	4.0%
Bosnia and Herzegovina	733	710	764	720	-0.6%
Hungary	566	473	591	657	5.1%
North Macedonia	533	525	611	546	0.8%
United Arab Emirates	458	336	168	486	2.0%
Moldova	480	489	579	345	-10.4%
Romania	444	436	542	325	-9.9%
Turkey	1.6	0.2	120	266	449.9%
Suriname	126	98.9	196	207	18.0%
Israel	1.4	1.8	175	160	385.3%
Bulgaria	101	67.6	89.3	99.1	-0.6%
Malta	89.5	80.1	105	81.5	-3.1%
Others	2,594	3,726	4,056	3,800	13.6%
Total	7,243	7,738	9,360	9,988	11.3%

Top Export Markets for Tools, Hand; Other than Household Tools from Serbia in 2022:

Montenegro (143.8 tons)
Hungary (117.3 tons)
Bosnia and Herzegovina (115.5 tons)
North Macedonia (104.2 tons)
Romania (69.2 tons)
United Arab Emirates (66.1 tons)
Moldova (63.2 tons)
Turkey (62.8 tons)
Suriname (62.7 tons)
Israel (32.2 tons)
Malta (20.4 tons)
United States (20.4 tons)
Bulgaria (19.7 tons)

Imports of Tools, Hand; Other than Household Tools in Serbia

For the fourth consecutive year, Serbia recorded growth in purchases abroad of tools, hand; other than household toolses, which increased by 16% to 966 tons in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of tools, hand; other than household toolses rose rapidly to $7.7M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Import of Tools, Hand; Other than Household Tools in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,544	2,172	3,050	3,249	28.1%
Germany	1,039	951	1,144	1,076	1.2%
Turkey	82.4	153	251	863	118.8%
Poland	291	551	762	615	28.3%
Italy	384	315	243	306	-7.3%
Others	1,295	1,078	1,615	1,562	6.4%
Total	4,636	5,219	7,064	7,670	18.3%