Greece: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in Greece

The Greek electrical insulating fittings market declined to $X in 2022, reducing by X% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Electrical insulating fittings consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Electrical Insulating Fittings Production in Greece

In value terms, electrical insulating fittings production contracted slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Electrical insulating fittings production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Electrical Insulating Fittings Exports

Exports from Greece

In 2022, shipments abroad of electrical insulating fittings of plastics increased by X% to X tons, rising for the second consecutive year after five years of decline. Overall, exports, however, saw a mild decrease. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical insulating fittings exports skyrocketed to $X in 2022. In general, exports saw buoyant growth. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for electrical insulating fittings exports from Greece, accounting for a X% share of total exports. Moreover, electrical insulating fittings exports to Germany exceeded the volume sent to the second major destination, Japan (X tons), threefold. Italy (X kg) 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 Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Italy (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for electrical insulating fittings of plastics exports from Greece, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Italy (X% per year).

Export Prices by Country

The average electrical insulating fittings export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price posted prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into Greece

In 2022, supplies from abroad of electrical insulating fittings of plastics decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw pronounced growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, electrical insulating fittings imports fell remarkably to $X in 2022. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of electrical insulating fittings imports to Greece, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical insulating fittings suppliers to Greece were Germany ($X), China ($X) and Italy ($X), together accounting for X% of total imports. France, Turkey, Hungary, Serbia, India, Taiwan (Chinese), the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the average electrical insulating fittings import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, saw resilient growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform