Serbia - Gearboxes and Speed Changers For Machinery And Land or Sea Vehicles excluding Gears and Gearing - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Gearboxes and Speed Changers in Serbia - 2023
Contents:
- Price for Gearboxes and Speed Changers in Serbia (CIF) - 2023
- Price for Gearboxes and Speed Changers in Serbia (FOB) - 2022
- Imports of Gearboxes and Speed Changers in Serbia
- Exports of Gearboxes and Speed Changers in Serbia
Price for Gearboxes and Speed Changers in Serbia (CIF) - 2023
The average gearboxes and speed changers import price stood at $14,231 per ton in November 2023, waning by -8.9% against the previous month. Over the period under review, the import price, however, saw a modest increase. The most prominent rate of growth was recorded in February 2023 an increase of 34% against the previous month. As a result, import price reached the peak level of $17,461 per ton. From March 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($25,756 per ton), while the price for the Czech Republic ($7,070 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gearboxes and Speed Changers in Serbia (FOB) - 2022
In 2022, the average gearboxes and speed changers export price amounted to $18,668 per ton, dropping by -20.4% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gearboxes and speed changers export price increased by +6.0% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 36% against the previous year. The export price peaked at $25,846 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
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 Norway ($75,530 per ton), while the average price for exports to China ($10,717 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 Norway (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gearboxes and Speed Changers in Serbia
For the fourth consecutive year, Serbia recorded growth in supplies from abroad of gearboxes and speed changers, which increased by 35% to 1.9K tons in 2022. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 57%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, gearboxes and speed changers imports soared to $24M in 2022. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 50% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Gearboxes and Speed Changers in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.2 | 3.1 | 5.3 | 5.6 | 36.5% |
| China | 2.7 | 3.9 | 4.8 | 5.5 | 26.8% |
| Spain | N/A | 0.5 | 1.7 | 3.5 | 164.6% |
| Italy | 1.8 | 1.9 | 3.3 | 2.8 | 15.9% |
| Poland | 0.1 | 0.4 | 0.1 | 0.6 | 81.7% |
| Slovenia | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| Turkey | 0.3 | 0.5 | 0.6 | 0.5 | 18.6% |
| Czech Republic | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Switzerland | 0.1 | 0.4 | 0.4 | 0.5 | 71.0% |
| Sweden | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 2.2 | 2.2 | 3.0 | 3.8 | 20.0% |
| Total | 9.9 | 13.2 | 19.7 | 23.9 | 34.1% |
Top Suppliers of Gearboxes and Speed Changers to Serbia in 2022:
- China (629.3 tons)
- Germany (371.1 tons)
- Spain (313.1 tons)
- Italy (206.9 tons)
- Slovenia (57.5 tons)
- Czech Republic (51.9 tons)
- Sweden (46.8 tons)
- Switzerland (37.7 tons)
- Turkey (35.7 tons)
- Poland (34.5 tons)
Exports of Gearboxes and Speed Changers in Serbia
Gearboxes and speed changers exports from Serbia skyrocketed to 257 tons in 2022, surging by 65% against the previous year. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, gearboxes and speed changers exports skyrocketed to $4.8M in 2022. The total export value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Gearboxes and Speed Changers in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,619 | 1,621 | 2,400 | 2,393 | -3.0% |
| Russia | 312 | 432 | 131 | 658 | 28.2% |
| Turkey | 0.3 | N/A | 0.1 | 262 | 855.9% |
| Bosnia and Herzegovina | 90.7 | 292 | 342 | 239 | 38.1% |
| China | N/A | 0.9 | N/A | 178 | 1306.3% |
| Kazakhstan | N/A | N/A | N/A | 172 | 0% |
| Kyrgyzstan | N/A | N/A | N/A | 161 | 0% |
| Czech Republic | 182 | 417 | N/A | 74.0 | -25.9% |
| United States | 222 | 8.2 | 70.7 | 42.2 | -42.5% |
| Montenegro | 98.9 | 80.1 | 47.2 | 34.2 | -29.8% |
| Others | 290 | 368 | 659 | 589 | 26.6% |
| Total | 3,814 | 3,219 | 3,650 | 4,802 | 8.0% |
Top Export Markets for Gearboxes and Speed Changers from Serbia in 2022:
- Germany (109.5 tons)
- Russia (46.3 tons)
- Turkey (22.2 tons)
- China (16.6 tons)
- Kyrgyzstan (12.0 tons)
- Czech Republic (6.1 tons)
- Kazakhstan (6.0 tons)
- Bosnia and Herzegovina (5.6 tons)
- Montenegro (2.3 tons)
- United States (2.0 tons)
This report provides an in-depth analysis of the market for gearboxes and speed changers in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
- Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
- Prodcom 28152434 - Gear boxes ..., worm gear boxes
- Prodcom 28152440 - Other gear boxes
- Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
- Prodcom 28152473 - Ball or roller screws
- Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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