Greece: Measuring Instrument Market Overview 2021

Measuring Instrument Market Size in Greece

In 2019, the Greek measuring instrument market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2009; however, from 2010 to 2019, consumption stood at a somewhat lower figure.

Measuring Instrument Exports

Exports from Greece

In 2019, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the third consecutive year after four years of decline. Overall, exports, however, continue to indicate a perceptible decrease. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked at X units in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

In value terms, measuring instrument exports surged to $X in 2019. Over the period under review, exports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to continue growth in the immediate term.

Exports by Country

Spain (X units), Cyprus (X units) and Turkey (X units) were the main destinations of measuring instrument exports from Greece, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Spain (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for measuring instrument exported from Greece were Albania ($X), Turkey ($X) and Cyprus ($X), together accounting for X% of total exports. These countries were followed by Singapore, Germany, Spain, Italy, Egypt, Bulgaria and the Netherlands, which together accounted for a further X terms of the main countries of destination, Spain (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average measuring instrument export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per unit in 2017; however, from 2018 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Greece

In 2019, supplies from abroad of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the third consecutive year after two years of decline. In general, imports continue to indicate temperate growth. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Imports peaked at X units in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.

In value terms, measuring instrument imports expanded significantly to $X in 2019. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2010 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, China (X units) constituted the largest measuring instrument supplier to Greece, accounting for a X% share of total imports. Moreover, measuring instrument imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Germany (-X% per year).

In value terms, Germany ($X), China ($X) and Italy ($X) appeared to be the largest measuring instrument suppliers to Greece, together accounting for X% of total imports.

Among the main suppliers, China saw the highest growth rate of 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 2019, the average measuring instrument import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, import price indicated a mild expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for instruments and apparatus for measuring or checking the flow or level of liquids in the world?

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The country with the largest volume of measuring instrument consumption was Japan (224M units), accounting for 42% of total volume. Moreover, measuring instrument consumption in Japan exceeded the figures recorded by the second-largest consumer, China (70M units), threefold. The third position in this ranking was occupied by Brazil (40M units), with a 7.4% share.

What are the largest producers of instruments and apparatus for measuring or checking the flow or level of liquids in the world?

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Japan (234M units) constituted the country with the largest volume of measuring instrument production, accounting for 48% of total volume. Moreover, measuring instrument production in Japan exceeded the figures recorded by the second-largest producer, China (72M units), threefold. The third position in this ranking was occupied by Brazil (40M units), with a 8.1% share.

What are the leading suppliers of instruments and apparatus for measuring or checking the flow or level of liquids to Greece?

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In value terms, the largest measuring instrument suppliers to Greece were Germany ($3.2M), China ($2.3M) and Italy ($1.3M), together comprising 56% of total imports.

What are the leading importers of instruments and apparatus for measuring or checking the flow or level of liquids from Greece?

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In value terms, Albania ($369K), Turkey ($363K) and Cyprus ($128K) were the largest markets for measuring instrument exported from Greece worldwide, together comprising 48% of total exports. Singapore, Germany, Spain, Italy, Egypt, Bulgaria and the Netherlands lagged somewhat behind, together accounting for a further 21%.

What is the average export price for instruments and apparatus for measuring or checking the flow or level of liquids in Greece?

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The average measuring instrument export price stood at $61 per unit in 2019, picking up by 14% against the previous year.

What is the average import price for instruments and apparatus for measuring or checking the flow or level of liquids in Greece?

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In 2019, the average measuring instrument import price amounted to $70 per unit, growing by 14% against the previous year.