Greece: Interchangeable Tool Market 2024

Interchangeable Tool Market Size in Greece

In 2022, the Greek interchangeable tool market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a resilient 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. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Interchangeable Tool Exports

Exports from Greece

In 2022, the amount of interchangeable tools for hand tools exported from Greece surged to X tons, with an increase of X% compared with the previous year. Overall, exports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, interchangeable tool exports skyrocketed to $X in 2022. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons), Albania (X tons) and Singapore (X tons) were the main destinations of interchangeable tool exports from Greece, with a combined X% share of total exports. Bulgaria, Marshall Islands, Cyprus, Belgium, Italy, Romania, Bosnia and Herzegovina, Saudi Arabia and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Marshall Islands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for interchangeable tool exported from Greece were Turkey ($X), Albania ($X) and Bulgaria ($X), together comprising X% of total exports. Cyprus, Italy, Belgium, Singapore, Germany, Bosnia and Herzegovina, Romania, Marshall Islands and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Singapore, with a CAGR of X%, 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

The average interchangeable tool export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price saw strong growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Marshall Islands ($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 Albania (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Interchangeable Tool Imports

Imports into Greece

Interchangeable tool imports into Greece reached X tons in 2022, growing by X% against the previous year. Overall, total imports indicated a moderate expansion from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, interchangeable tool imports totaled $X in 2022. Over the period under review, total imports indicated a resilient increase 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main suppliers of interchangeable tool imports to Greece, together accounting for X% of total imports. Austria, Belgium, France, the Netherlands, Sweden, the UK and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest interchangeable tool suppliers to Greece were Italy ($X), Germany ($X) and China ($X), together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 interchangeable tool import price amounted to $X per ton, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 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 Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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