Greece: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in Greece

The Greek hay-making machinery market was estimated at $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Hay-making machinery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Hay-Making Machinery Production in Greece

In value terms, hay-making machinery production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Hay-making machinery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Hay-Making Machinery Exports

Exports from Greece

Hay-making machinery exports from Greece fell dramatically to X units in 2022, waning by X% compared with the previous year's figure. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then contracted notably in the following year.

In value terms, hay-making machinery exports reduced markedly to $X in 2022. Overall, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Bulgaria (X units) was the main destination for hay-making machinery exports from Greece, accounting for a X% share of total exports. Moreover, hay-making machinery exports to Bulgaria exceeded the volume sent to the second major destination, Cyprus (X units), sixfold. 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 Bulgaria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Albania (X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for hay-making machinery exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Cyprus (X% per year).

Export Prices by Country

The average hay-making machinery export price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Albania ($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 Armenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hay-Making Machinery Imports

Imports into Greece

In 2022, the amount of hay-making machinery imported into Greece contracted significantly to X units, which is down by X% compared with the previous year's figure. Overall, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted dramatically in the following year.

In value terms, hay-making machinery imports reduced markedly to $X in 2022. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest hay-making machinery supplier to Greece, accounting for a X% share of total imports. Moreover, hay-making machinery imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), threefold. The third position in this ranking was held by Austria (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Austria (X% per year).

In value terms, China ($X) constituted the largest supplier of hay-making machinery to Greece, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, 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: Austria (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average hay-making machinery import price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Austria ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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