Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Serbia - 2024

Contents:

1. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Serbia (CIF) - 2022
2. Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Serbia (FOB) - 2022
3. Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Serbia
4. Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Serbia

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Serbia (CIF) - 2022

The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $32 per unit in 2022, increasing by 19% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for refrigerating or freezing equipment; parts thereof, other than furniture increased by +72.0% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($63 per unit), while the price for Bosnia and Herzegovina ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Serbia (FOB) - 2022

The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $34 per unit in 2022, falling by -1.6% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 refrigerating or freezing equipment; parts thereof, other than furniture increased by +32.1% against 2016 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 32%. The export price peaked at $34 per unit in 2021, and then fell modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($67 per unit), while the average price for exports to Switzerland ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Serbia

In 2022, after three years of growth, there was significant decline in overseas purchases of refrigerating or freezing equipment; parts thereof, other than furniture, when their volume decreased by -7.5% to 1.1M units. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 3.1% against the previous year. As a result, imports reached the peak of 1.2M units, and then shrank in the following year.

In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture amounted to $35M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +47.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Serbia in 2022:

1. Slovenia (711.1K units)
2. China (142.9K units)
3. Turkey (86.5K units)
4. Italy (47.1K units)
5. Bosnia and Herzegovina (25.6K units)
6. France (19.3K units)

Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Serbia

In 2022, after three years of growth, there was significant decline in shipments abroad of refrigerating or freezing equipment; parts thereof, other than furniture, when their volume decreased by -43.2% to 136K units. Overall, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 52% against the previous year. The exports peaked at 239K units in 2021, and then declined rapidly in the following year.

In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture shrank notably to $4.5M in 2022. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 81% against the previous year. The exports peaked at $8.1M in 2021, and then declined dramatically in the following year.

Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Serbia in 2022:

1. Slovenia (62.5K units)
2. Bosnia and Herzegovina (17.9K units)
3. Switzerland (17.5K units)
4. Italy (12.8K units)
5. Montenegro (9.7K units)
6. Croatia (5.4K units)
7. Russia (2.6K units)
8. Germany (0.4K units)

Source: IndexBox Market Intelligence Platform