Serbia: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Serbia

In 2023, the Serbian filling containers machinery market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. Overall, consumption enjoyed a resilient expansion. Filling containers machinery consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Filling Containers Machinery Production in Serbia

In value terms, filling containers machinery production shrank sharply to $X in 2023 estimated in export price. Over the period under review, production continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Filling containers machinery production peaked at $X in 2022, and then dropped markedly in the following year.

Filling Containers Machinery Exports

Exports from Serbia

In 2023, overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, filling containers machinery exports surged to $X in 2023. In general, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X units) was the main destination for filling containers machinery exports from Serbia, accounting for a X% share of total exports. Moreover, filling containers machinery exports to Bulgaria exceeded the volume sent to the second major destination, Russia (X units), twofold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Bulgaria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Germany (X% per year).

In value terms, the largest markets for filling containers machinery exported from Serbia were Bulgaria ($X), Russia ($X) and Germany ($X), together accounting for X% of total exports. Croatia, Bosnia and Herzegovina, Albania, Montenegro, North Macedonia, Italy, Turkey, Austria, Greece and Romania lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2023, shrinking by X% against the previous year. In general, the export price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2023, 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 Russia ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Serbia

In 2023, after two years of decline, there was significant growth in overseas purchases of machinery for filling, closing, sealing, capsuling or labelling containers, when their volume increased by X% to X units. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X units. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, filling containers machinery imports soared to $X in 2023. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2023, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Germany (X units) and Sweden (X units) were the main suppliers of filling containers machinery imports to Serbia, with a combined X% share of total imports. Italy, Romania, Latvia, China, Bulgaria, Japan, Spain, Slovenia, Poland and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest filling containers machinery suppliers to Serbia were the Netherlands ($X), Germany ($X) and Sweden ($X), together comprising X% of total imports. Italy, China, Romania, Latvia, Bulgaria, Japan, Spain, Slovenia, Poland and France lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average filling containers machinery import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price enjoyed a slight increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform