Price for Machines; Parts and Accessories, of Heading No. 8472 in Serbia - 2024

Contents:

  1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Serbia (CIF) - 2022
  2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Serbia (FOB) - 2022
  3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Serbia
  4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Serbia

Price for Machines; Parts and Accessories, of Heading No. 8472 in Serbia (CIF) - 2022

The average import price for machines; parts and accessories, of heading no. 8472 stood at $87,626 per ton in 2022, rising by 9.3% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2014 an increase of 59%. The import price peaked at $129,012 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($134,793 per ton), while the price for China ($65,923 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Serbia (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $44,017 per ton in 2022, declining by -9.5% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 203% against the previous year. As a result, the export price attained the peak level of $65,629 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($68,627 per ton), while the average price for exports to Romania ($17,857 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 Mexico (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Serbia

In 2022, approx. 11 tons of machines; parts and accessories, of heading no. 8472 were imported into Serbia; with a decrease of -18.9% on the previous year. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 115%. As a result, imports attained the peak of 14 tons, and then reduced markedly in the following year.

In value terms, imports of machines; parts and accessories, of heading no. 8472 shrank to $972K in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports attained the peak of $1.1M, and then contracted in the following year.

Import of Machines; Parts and Accessories, of Heading No. 8472 in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1931872032052.0%
Germany13614439019512.8%
Taiwan (Chinese)193N/A61.3150-8.1%
Philippines53.435.396.898.322.6%
United States31.392.687.371.731.8%
Japan12.17.160.850.360.8%
India3.35.711.341.4132.4%
South Korea97.959.255.637.2-27.6%
Hungary49.028.725.427.3-17.7%
Others14016410696.1-11.8%
Total9097231,0979722.3%

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Serbia in 2022:

  1. China (3.1 tons)
  2. Germany (2.8 tons)
  3. Taiwan (Chinese) (1.8 tons)
  4. United States (1.0 tons)
  5. Philippines (0.8 tons)
  6. Japan (0.4 tons)
  7. India (0.4 tons)
  8. Hungary (0.3 tons)
  9. South Korea (0.3 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Serbia

In 2022, approx. 2.5 tons of machines; parts and accessories, of heading no. 8472 were exported from Serbia; growing by 155% on the previous year. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 363%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of machines; parts and accessories, of heading no. 8472 surged to $111K in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 301%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Machines; Parts and Accessories, of Heading No. 8472 in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/A4.623.3406.5%
North Macedonia2.54.20.120.8102.6%
Montenegro7.716.611.814.924.6%
MexicoN/AN/AN/A12.70%
United StatesN/AN/A0.311.63766.7%
Bosnia and Herzegovina5.66.50.99.117.6%
FranceN/A3.0N/A6.142.6%
Netherlands1.63.711.54.541.2%
Chile1.33.8N/AN/A192.3%
AlbaniaN/A40.2N/AN/A0%
United Arab EmiratesN/A5.3N/AN/A0%
ItalyN/AN/A6.9N/A0%
BrazilN/A5.4N/AN/A0%
Others6.713.112.18.16.5%
Total25.410248.211163.5%

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Serbia in 2022:

  1. Montenegro (588.0 kg)
  2. Germany (516.0 kg)
  3. North Macedonia (303.0 kg)
  4. Mexico (287.0 kg)
  5. Bosnia and Herzegovina (221.0 kg)
  6. United States (178.0 kg)
  7. Netherlands (120.0 kg)
  8. France (114.0 kg)

Source: IndexBox Market Intelligence Platform

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