Price for Reciprocating or Rotary Internal Combustion Piston Engines in Serbia - 2024

Contents:

  1. Price for Reciprocating or Rotary Internal Combustion Piston Engines in Serbia (CIF) - 2022
  2. Price for Reciprocating or Rotary Internal Combustion Piston Engines in Serbia (FOB) - 2022
  3. Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Serbia
  4. Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Serbia

Price for Reciprocating or Rotary Internal Combustion Piston Engines in Serbia (CIF) - 2022

The average import price for reciprocating or rotary internal combustion piston engineses stood at $1,139 per unit in 2022, declining by -9.7% against the previous year. Overall, the import price faced a significant decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 176% against the previous year. As a result, import price attained the peak level of $33,143 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($6,825 per unit), while the price for the Netherlands ($1,582 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-7.5%), while the prices for the other major suppliers experienced a decline.

Price for Reciprocating or Rotary Internal Combustion Piston Engines in Serbia (FOB) - 2022

In 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $1,035 per unit, rising by 145% against the previous year. In general, the export price, however, continues to indicate a deep reduction. Over the period under review, the average export prices hit record highs at $3,711 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($8,830 per unit), while the average price for exports to Iraq ($77 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 Poland (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Serbia

In 2022, imports of reciprocating or rotary internal combustion piston engineses into Serbia surged to 1.5K units, growing by 35% on the year before. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,135% against the previous year. As a result, imports reached the peak of 2.2K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of reciprocating or rotary internal combustion piston engineses declined to $7M in 2022. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2020 when imports increased by 355%. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Reciprocating or Rotary Internal Combustion Piston Engines in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1211,4693,5273,570209.0%
Japan1,2291,8402,4972,00617.7%
China2563392683409.9%
Italy15513092.630725.6%
United States770367372290-27.8%
France30.11,91856090.944.5%
Netherlands48.051.347.583.920.5%
United Kingdom29.26,32034.723.3-7.2%
Others17032743124312.6%
Total2,80812,7647,8306,95435.3%

Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Serbia in 2022:

  1. Germany (743.0 units)
  2. Japan (434.0 units)
  3. United States (97.0 units)
  4. China (71.0 units)
  5. Netherlands (53.0 units)
  6. Italy (45.0 units)
  7. France (16.0 units)
  8. United Kingdom (6.0 units)

Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Serbia

For the fourth year in a row, Serbia recorded growth in shipments abroad of reciprocating or rotary internal combustion piston engineses, which increased by 12% to 3.5K units in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 195%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, exports of reciprocating or rotary internal combustion piston engineses soared to $3.5M in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Reciprocating or Rotary Internal Combustion Piston Engines in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands2906717201,58676.2%
Montenegro84.142.412837965.2%
Italy4.85.039.5274285.0%
Russia12.2N/AN/A124116.6%
MauritaniaN/A9.295.665.0165.8%
Egypt68.470.563.543.1-14.3%
Iraq3.042.313.414.167.5%
Nigeria7.68.031.74.7-14.8%
Others1642804211,05886.2%
Total6331,1281,5133,54877.6%

Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Serbia in 2022:

  1. Netherlands (1404.0 units)
  2. Mauritania (575.0 units)
  3. Italy (212.0 units)
  4. Egypt (196.0 units)
  5. Russia (194.0 units)
  6. Iraq (182.0 units)
  7. Montenegro (180.0 units)
  8. Nigeria (26.0 units)

Source: IndexBox Market Intelligence Platform

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