Greece: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Greece

In 2021, the Greek market for parts of apparatus of hs increased by 20% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Parts Of Apparatus Of Hs in Greece

In value terms, parts of apparatus of hs production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 41% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Parts Of Apparatus Of Hs

Exports from Greece

In 2021, shipments abroad of parts of apparatus of hs increased by 101% to X units, rising for the sixth year in a row after two years of decline. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of apparatus of hs exports surged to $X in 2021. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 291% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Italy (X units), the Czech Republic (X units) and Cyprus (X units) were the main destinations of parts of apparatus of hs exports from Greece, with a combined 83% share of total exports. These countries were followed by Bulgaria, Hungary, Germany, the Netherlands, Romania, France, Poland, Spain, Luxembourg and Slovakia, which together accounted for a further 78%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +259.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and Cyprus ($X) were the largest markets for parts of apparatus of hs exported from Greece worldwide, together comprising 46% of total exports. These countries were followed by Bulgaria, the Czech Republic, Poland, Italy, Spain, the Netherlands, Slovakia, Luxembourg, France and Romania, which together accounted for a further 39%.

In terms of the main countries of destination, Poland, with a CAGR of +342.1%, recorded 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 export price for parts of apparatus of hs stood at $X per unit in 2021, picking up by 13% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 122% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Romania ($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 Poland (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Greece

In 2021, after five years of growth, there was significant decline in supplies from abroad of parts of apparatus of hs, when their volume decreased by -5% to X units. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at X units in 2020, and then declined in the following year.

In value terms, parts of apparatus of hs imports surged to $X in 2021. Over the period under review, imports, however, showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of parts of apparatus of hs imports to Greece.

From 2012 to 2021, the biggest increases were recorded for Cyprus (with a CAGR of +85.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of apparatus of hs suppliers to Greece were Germany ($X), Italy ($X) and Cyprus ($X), together comprising 53% of total imports.

Among the main suppliers, Cyprus, with a CAGR of +82.3%, 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 2021, the average import price for parts of apparatus of hs amounted to $X per unit, with an increase of 103% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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