Serbia: Water Filter Market 2024

Water Filter Market Size in Serbia

The Serbian water filter market contracted sharply to $X in 2023, falling by X% against the previous year. In general, consumption showed a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Water Filter Production in Serbia

In value terms, water filter production contracted significantly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Water Filter Exports

Exports from Serbia

For the eighth consecutive year, Serbia recorded growth in shipments abroad of machinery for filtering or purifying water, which increased by X% to X units in 2023. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, water filter exports soared to $X in 2023. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X units), Russia (X units) and Montenegro (X units) were the main destinations of water filter exports from Serbia, with a combined X% share of total exports. Croatia, Sweden, Bosnia and Herzegovina, Norway, Germany and North Macedonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for machinery for filtering or purifying water exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Montenegro, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Montenegro (X% per year).

Export Prices by Country

The average water filter export price stood at $X per unit in 2023, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2023, 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 Russia ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced a decline.

Water Filter Imports

Imports into Serbia

Water filter imports into Serbia skyrocketed to X units in 2023, rising by X% against the previous year's figure. In general, imports showed resilient growth. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in the near future.

In value terms, water filter imports soared to $X in 2023. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to continue growth in years to come.

Imports by Country

Poland (X units), Germany (X units) and Italy (X units) were the main suppliers of water filter imports to Serbia, with a combined X% share of total imports. Spain, Bosnia and Herzegovina, South Korea, Turkey, Slovenia, Estonia, Slovakia, Croatia, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bosnia and Herzegovina (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Italy ($X) appeared to be the largest water filter suppliers to Serbia, together comprising X% of total imports. Spain, Bosnia and Herzegovina, South Korea, Turkey, Slovenia, Estonia, Slovakia, Croatia, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further X%.

Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the average water filter import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Bosnia and Herzegovina ($X per unit) and Turkey ($X per unit), while the price for the Czech Republic ($X per unit) and Croatia ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform