Greece: Lifting Equipment Market 2024

Lifting Equipment Market Size in Greece

The Greek lifting equipment market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced decrease. Lifting equipment consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Lifting Equipment Production in Greece

In value terms, lifting equipment production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable downturn. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Lifting Equipment Exports

Exports from Greece

In 2022, overseas shipments of lifting equipment decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, lifting equipment exports surged to $X in 2022. Over the period under review, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for lifting equipment exports from Greece, accounting for a X% share of total exports. Moreover, lifting equipment exports to Turkey exceeded the volume sent to the second major destination, Marshall Islands (X units), threefold. Cyprus (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (X% per year) and Cyprus (X% per year).

In value terms, Turkey ($X) remains the key foreign market for lifting equipment exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Marshall Islands ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

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

Export Prices by Country

In 2022, the average lifting equipment export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price showed a buoyant expansion. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

Lifting Equipment Imports

Imports into Greece

Lifting equipment imports into Greece surged to X units in 2022, with an increase of X% compared with the previous year. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, lifting equipment imports surged to $X in 2022. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Cyprus (X units) constituted the largest supplier of lifting equipment to Greece, accounting for a X% share of total imports. Moreover, lifting equipment imports from Cyprus exceeded the figures recorded by the second-largest supplier, Slovenia (X units), threefold. The third position in this ranking was taken by Chile (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Cyprus totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Chile (X% per year).

In value terms, Slovenia ($X), Cyprus ($X) and Italy ($X) constituted the largest lifting equipment suppliers to Greece, with a combined X% share of total imports.

In terms of the main suppliers, Slovenia, 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 lifting equipment import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price, however, saw noticeable growth. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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