Greece: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in Greece

In 2021, the Greek stone polishing machine market decreased by -40.9% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, recorded a resilient expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Stone Polishing Machine Production in Greece

In value terms, stone polishing machine production totaled $X in 2021 estimated in export price. Overall, production, however, showed a slight decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by 35% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Stone Polishing Machine Exports

Exports from Greece

In 2021, stone polishing machine exports from Greece plummeted to X units, falling by -28.8% against 2020 figures. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 614%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, stone polishing machine exports soared to $X in 2021. Overall, exports faced a abrupt curtailment. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

North Macedonia (X units) was the main destination for stone polishing machine exports from Greece, with a 83% share of total exports. Moreover, stone polishing machine exports to North Macedonia exceeded the volume sent to the second major destination, Mauritius (X units), more than tenfold. Cyprus (X units) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to North Macedonia amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (0.0% per year) and Cyprus (+29.2% per year).

In value terms, North Macedonia ($X) emerged as the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Greece, comprising 81% of total exports. The second position in the ranking was held by Cyprus ($X), with a 14% share of total exports. It was followed by Mauritius, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value to North Macedonia stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+20.6% per year) and Mauritius (0.0% per year).

Export Prices by Country

In 2021, the average stone polishing machine export price amounted to $X per unit, increasing by 202% against the previous year. Overall, the export price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 298%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cyprus ($X per unit), while the average price for exports to Albania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (-1.9%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into Greece

In 2021, overseas purchases of grinding or polishing machines for working stone, ceramics and concrete decreased by -50.3% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 486%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, stone polishing machine imports dropped remarkably to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 236% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Austria (X units) were the main suppliers of stone polishing machine imports to Greece, together accounting for 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +24.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to Greece, comprising 73% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by China, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.0% per year) and China (+18.1% per year).

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2021, rising by 22% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 50% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :