Serbia: Accumulator Market 2024

Accumulator Market Size in Serbia

The Serbian accumulator market was estimated at $X in 2022, with an increase of X% against the previous year. Overall, consumption continues to indicate buoyant growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Accumulator Production in Serbia

In value terms, accumulator production reduced to $X in 2022 estimated in export price. In general, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Accumulator Exports

Exports from Serbia

In 2022, after four years of growth, there was decline in shipments abroad of electric accumulators, when their volume decreased by X% to X units. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, accumulator exports reached $X in 2022. Overall, exports faced a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for accumulator exports from Serbia, accounting for a X% share of total exports. Moreover, accumulator exports to Russia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fivefold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and China (X% per year).

In value terms, Russia ($X) remains the key foreign market for electric accumulators exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Montenegro, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Montenegro (X% per year).

Export Prices by Country

The average accumulator export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to China ($X 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 North Macedonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Accumulator Imports

Imports into Serbia

In 2022, overseas purchases of electric accumulators increased by X% to X units, rising for the seventh year in a row after two years of decline. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, accumulator imports expanded markedly to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest accumulator supplier to Serbia, with a X% share of total imports. Moreover, accumulator imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by the Czech Republic (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Czech Republic (X% per year).

In value terms, China ($X) constituted the largest supplier of electric accumulators to Serbia, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average accumulator import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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