Greece: Crane Market Overview 2020

Crane Market Size in Greece

The revenue of the crane market in Greece amounted to $X in 2018, coming down by -X% against the previous year. Over the period under review, crane consumption continues to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Over the period under review, the crane market reached its peak figure level at $X in 2010; however, from 2011 to 2018, consumption remained at a lower figure.

Crane Production in Greece

In value terms, crane production amounted to $X in 2018 estimated in export prices. Over the period under review, crane production continues to indicate a precipitous downturn. The growth pace was the most rapid in 2018 when production volume decreased by -X% against the previous year. Over the period under review, crane production reached its peak figure level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Crane Exports

Exports from Greece

In 2018, the crane exports from Greece stood at X units, therefore, remained relatively stable against the previous year. Overall, crane exports continue to indicate a slight decline. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Exports peaked at X units in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, crane exports stood at $X in 2018. Overall, crane exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

Canada (X units) was the main destination for crane exports from Greece, accounting for a X% share of total exports. Moreover, crane exports to Canada exceeded the volume sent to the second major destination, Azerbaijan (X units), more than tenfold. The third position in this ranking was occupied by China (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+X% per year) and China (+X% per year).

In value terms, the largest markets for crane exported from Greece were Canada ($X), Azerbaijan ($X) and Macedonia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Canada (+X% per year) experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crane export price stood at $X per unit in 2018, jumping by X% against the previous year. Overall, the crane export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. The export price peaked at $X per unit in 2010; however, from 2011 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Macedonia ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X% per year), while the prices for the other major destinations experienced mixed trend patterns.

Crane Imports

Imports into Greece

Crane imports into Greece amounted to X units in 2018, lowering by -X% against the previous year. In general, crane imports continue to indicate a dramatic slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, crane imports attained their maximum at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, crane imports amounted to $X in 2018. Over the period under review, crane imports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. In that year, crane imports attained their peak of $X. From 2017 to 2018, the growth of crane imports remained at a somewhat lower figure.

Imports by Country

The U.S. (X units), Malaysia (X units) and China (X units) were the main suppliers of crane imports to Greece, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Malaysia, while the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of crane to Greece, comprising X% of total crane imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average crane import price stood at $X per unit in 2018, jumping by X% against the previous year. Over the period under review, the crane import price continues to indicate an outstanding expansion. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane reached their peak figure at $X per unit in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S. (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform