Key Market Indicators
The Serbian computer hardware market is projected to generate approximately €380 million in revenue by 2028, up from around €371 million in 2023. This marks a modest annual growth rate of 0.4%. Since 2019, the market has experienced an average annual growth of 3.1%. In 2023, Serbia ranked 8th in the European computer hardware market, trailing Romania, which also registered €371 million. Germany, the United Kingdom, and Italy secured the 2nd, 3rd, and 4th spots, respectively. On the import front, Serbia's computer hardware imports are expected to decline to $17 million by 2028, down from $23 million in 2023. This represents an average annual decrease of 4.9% since 2010, during which the market saw a consistent drop of 4.6% per year. Conversely, Serbian computer hardware exports are forecasted to rise to approximately $7.5 million by 2028, up from $6.7 million in 2023. This indicates an annual growth rate of 1.6%. Since 2010, Serbian exports in this sector have grown by an average of 2.3% per year.
