Greece: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Greece

The Greek agricultural forestry machinery market surged to $X in 2022, increasing by X% against the previous year. In general, consumption, however, faced a deep reduction. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Agricultural Forestry Machinery Production in Greece

In value terms, agricultural forestry machinery production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. Agricultural forestry machinery production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Agricultural Forestry Machinery Exports

Exports from Greece

Agricultural forestry machinery exports from Greece skyrocketed to X units in 2022, rising by X% compared with the previous year. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, agricultural forestry machinery exports surged to $X in 2022. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for agricultural forestry machinery exports from Greece, with a X% share of total exports. Moreover, agricultural forestry machinery exports to the United Arab Emirates exceeded the volume sent to the second major destination, Pakistan (X units), sevenfold. Albania (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Albania (X% per year).

In value terms, the largest markets for agricultural forestry machinery exported from Greece were Pakistan ($X), Bulgaria ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price faced a deep setback. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to the United Arab Emirates ($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 Pakistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Agricultural Forestry Machinery Imports

Imports into Greece

In 2022, supplies from abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X units in 2021, and then shrank notably in the following year.

In value terms, agricultural forestry machinery imports reduced to $X in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest agricultural forestry machinery supplier to Greece, with a X% share of total imports. Moreover, agricultural forestry machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. Germany (X units) ranked third in terms of total imports with an X% share.

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

In value terms, Italy ($X) constituted the largest supplier of agricultural forestry machinery (lawn or sportsground rollers) to Greece, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

The average agricultural forestry machinery import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price 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, agricultural forestry machinery import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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