Serbia: Electroplating Machine Market 2024

Electroplating Machine Market Size in Serbia

The Serbian electroplating machine market skyrocketed to $X in 2023, with an increase of X% against the previous year. In general, consumption enjoyed significant growth. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in the immediate term.

Electroplating Machine Production in Serbia

In value terms, electroplating machine production dropped slightly to $X in 2023 estimated in export price. In general, production showed a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Electroplating Machine Exports

Exports from Serbia

Electroplating machine exports from Serbia shrank significantly to X units in 2023, with a decrease of X% against 2022 figures. Over the period under review, exports saw a sharp setback. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, electroplating machine exports shrank sharply to $X in 2023. Overall, exports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for electroplating machine exports from Serbia, with a X% share of total exports. Moreover, electroplating machine exports to Sweden exceeded the volume sent to the second major destination, North Macedonia (X units), fivefold. The third position in this ranking was held by Montenegro (X units), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Montenegro (X% per year).

In value terms, the largest markets for electroplating machine exported from Serbia were Sweden ($X), Montenegro ($X) and Croatia ($X), with a combined X% share of total exports.

Montenegro, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 electroplating machine export price stood at $X per unit in 2023, dropping by X% against the previous year. In general, the export price, however, posted a significant increase. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Slovenia ($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 Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Serbia

In 2023, approx. X units of machines for electroplating, electrolysis or electrophoresis were imported into Serbia; increasing by X% on 2022 figures. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see steady growth in the immediate term.

In value terms, electroplating machine imports skyrocketed to $X in 2023. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in the near future.

Imports by Country

In 2023, Germany (X units) was the main electroplating machine supplier to Serbia, with a X% share of total imports. It was followed by Hungary (X units), with a X% share of total imports. Spain (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Spain (X% per year).

In value terms, Germany ($X) constituted the largest supplier of machines for electroplating, electrolysis or electrophoresis to Serbia, comprising X% of total imports. The second position in the ranking was held by Hungary ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Spain (X% per year).

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. 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 countries with the highest prices were Germany ($X per unit) and Spain ($X per unit), while the price for Hungary ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform