| Product Code: ETC5524899 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Serbia`s import trend for liquid nitrogen in 2023-2024 showed a growth rate of 29.17%, with a compound annual growth rate (CAGR) of 17.84% from 2020-2024. This substantial increase in imports could be attributed to a rising demand for industrial applications or changes in trade policies within the market.
By 2027, the Liquid Nitrogen market in Serbia is anticipated to reach a growth rate of 13.67%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Serbia Liquid Nitrogen Market Overview |
3.1 Serbia Country Macro Economic Indicators |
3.2 Serbia Liquid Nitrogen Market Revenues & Volume, 2021 & 2031F |
3.3 Serbia Liquid Nitrogen Market - Industry Life Cycle |
3.4 Serbia Liquid Nitrogen Market - Porter's Five Forces |
3.5 Serbia Liquid Nitrogen Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
3.6 Serbia Liquid Nitrogen Market Revenues & Volume Share, By Storage, Distribution and Transportation, 2021 & 2031F |
3.7 Serbia Liquid Nitrogen Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.8 Serbia Liquid Nitrogen Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Serbia Liquid Nitrogen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for liquid nitrogen in various industries such as healthcare, food and beverage, and electronics. |
4.2.2 Increasing adoption of liquid nitrogen for cryopreservation and cryosurgery applications. |
4.2.3 Rising investments in research and development activities driving the demand for liquid nitrogen. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the overall production cost of liquid nitrogen. |
4.3.2 Stringent regulations and compliance requirements in handling and storing liquid nitrogen. |
4.3.3 Limited availability of skilled professionals for handling liquid nitrogen safely. |
5 Serbia Liquid Nitrogen Market Trends |
6 Serbia Liquid Nitrogen Market Segmentations |
6.1 Serbia Liquid Nitrogen Market, By End-Use Industry |
6.1.1 Overview and Analysis |
6.1.2 Serbia Liquid Nitrogen Market Revenues & Volume, By Chemicals & pharmaceuticals, 2021-2031F |
6.1.3 Serbia Liquid Nitrogen Market Revenues & Volume, By Food & beverage, 2021-2031F |
6.1.4 Serbia Liquid Nitrogen Market Revenues & Volume, By Healthcare, 2021-2031F |
6.1.5 Serbia Liquid Nitrogen Market Revenues & Volume, By Metal manufacturing & construction, 2021-2031F |
6.1.6 Serbia Liquid Nitrogen Market Revenues & Volume, By Rubber & Plastic, 2021-2031F |
6.1.7 Serbia Liquid Nitrogen Market Revenues & Volume, By Others, 2021-2031F |
6.2 Serbia Liquid Nitrogen Market, By Storage, Distribution and Transportation |
6.2.1 Overview and Analysis |
6.2.2 Serbia Liquid Nitrogen Market Revenues & Volume, By Cylinder & packaged distribution, 2021-2031F |
6.2.3 Serbia Liquid Nitrogen Market Revenues & Volume, By Merchant liquid distribution, 2021-2031F |
6.2.4 Serbia Liquid Nitrogen Market Revenues & Volume, By Tonnage distribution, 2021-2031F |
6.3 Serbia Liquid Nitrogen Market, By Function |
6.3.1 Overview and Analysis |
6.3.2 Serbia Liquid Nitrogen Market Revenues & Volume, By Coolant, 2021-2031F |
6.3.3 Serbia Liquid Nitrogen Market Revenues & Volume, By Refrigerant, 2021-2031F |
6.4 Serbia Liquid Nitrogen Market, By Manufacturing Process |
6.4.1 Overview and Analysis |
6.4.2 Serbia Liquid Nitrogen Market Revenues & Volume, By Cryogenic distillation, 2021-2031F |
6.4.3 Serbia Liquid Nitrogen Market Revenues & Volume, By Pressure swing adsorption, 2021-2031F |
7 Serbia Liquid Nitrogen Market Import-Export Trade Statistics |
7.1 Serbia Liquid Nitrogen Market Export to Major Countries |
7.2 Serbia Liquid Nitrogen Market Imports from Major Countries |
8 Serbia Liquid Nitrogen Market Key Performance Indicators |
8.1 Average selling price of liquid nitrogen in Serbia. |
8.2 Number of new applications and industries adopting liquid nitrogen. |
8.3 Investments in infrastructure and technology for liquid nitrogen production and storage facilities. |
9 Serbia Liquid Nitrogen Market - Opportunity Assessment |
9.1 Serbia Liquid Nitrogen Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
9.2 Serbia Liquid Nitrogen Market Opportunity Assessment, By Storage, Distribution and Transportation, 2021 & 2031F |
9.3 Serbia Liquid Nitrogen Market Opportunity Assessment, By Function, 2021 & 2031F |
9.4 Serbia Liquid Nitrogen Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Serbia Liquid Nitrogen Market - Competitive Landscape |
10.1 Serbia Liquid Nitrogen Market Revenue Share, By Companies, 2024 |
10.2 Serbia Liquid Nitrogen Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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