Report Update: May 1, 2024

Serbia - Medical, Surgical Or Veterinary Furniture - Market Analysis, Forecast, Size, Trends And Insights

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Medical Furniture Price in Serbia - 2023

Medical Furniture Price in Serbia (CIF) - 2023

The average medical furniture import price stood at $20.4 per unit in August 2023, jumping by 24% against the previous month. Overall, the import price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 101% against the previous month. Over the period under review, average import prices attained the maximum at $61.0 per unit in February 2023; however, from March 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($91.1 per unit), while the price for China ($8.4 per unit) was amongst the lowest.

From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+21.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Medical Furniture Price in Serbia (FOB) - 2022

The average medical furniture export price stood at $25 per unit in 2022, jumping by 24% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2014 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $48 per unit. From 2015 to 2022, the average 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 North Macedonia ($47 per unit), while the average price for exports to Croatia ($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 Ukraine (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Furniture Imports in Serbia

After three years of growth, supplies from abroad of medical, surgical or veterinary furniture decreased by -66.1% to 231K units in 2022. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 242%. As a result, imports attained the peak of 680K units, and then fell rapidly in the following year.

In value terms, medical furniture imports dropped remarkably to $5.9M in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 275% against the previous year. As a result, imports attained the peak of $16M, and then declined rapidly in the following year.

Import of Medical Furniture in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	840	903	1,895	1,817	29.3%
Italy	337	492	1,667	790	32.8%
China	206	153	459	517	35.9%
Poland	226	323	132	470	27.6%
France	159	34.2	2,695	366	32.0%
Czech Republic	340	113	7,059	355	1.4%
Belgium	119	249	124	299	35.9%
Turkey	323	174	614	248	-8.4%
Switzerland	7.1	360	104	5.9	-6.0%
Others	314	1,463	1,250	994	46.8%
Total	2,872	4,264	15,998	5,863	26.9%

Top Suppliers of Medical Furniture to Serbia in 2022:

Italy (40.9K units)
China (30.3K units)
Germany (27.9K units)
Belgium (26.3K units)
France (22.8K units)
Turkey (20.6K units)
Poland (20.6K units)
Czech Republic (8.1K units)
Switzerland (0.5K units)

Medical Furniture Exports in Serbia

In 2022, after two years of decline, there was significant growth in overseas shipments of medical, surgical or veterinary furniture, when their volume increased by 25% to 19K units. In general, exports, however, continue to indicate a deep slump. The exports peaked at 33K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, medical furniture exports surged to $472K in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The exports peaked at $706K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Medical Furniture in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bosnia and Herzegovina	507	286	172	316	-14.6%
Montenegro	117	95.0	42.0	127	2.8%
North Macedonia	8.4	39.1	0.6	15.7	23.2%
Croatia	16.0	2.4	5.0	4.9	-32.6%
Germany	0.9	N/A	79.2	N/A	838.1%
Others	57.0	33.2	4.4	8.0	-48.0%
Total	706	456	304	472	-12.6%

Top Export Markets for Medical Furniture from Serbia in 2022:

Bosnia and Herzegovina (13.9K units)
Montenegro (3.9K units)
Croatia (0.3K units)
North Macedonia (0.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the medical furniture market 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 32503050 - Medical, surgical or veterinary furniture, and parts thereof (excluding tables and seats specialised for X-ray purposes)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023