Greece: Refrigerated Vessel Market Overview 2021

Refrigerated Vessel Market Size in Greece

In 2020, the Greek refrigerated vessel market decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. Over the period under review, consumption, however, recorded a notable expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2019, and then fell notably in the following year.

Refrigerated Vessel Production in Greece

In value terms, refrigerated vessel production fell slightly to $X in 2020 estimated in export prices. In general, production continues to indicate a noticeable descent. The growth pace was the most rapid in 2009 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. From 2010 to 2020, production growth remained at a somewhat lower figure.

Refrigerated Vessel Exports

Exports from Greece

In 2020, shipments abroad of refrigerated vessels (ships) decreased by -X% to X units, falling for the fifth year in a row after two years of growth. Over the period under review, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked at X units in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, refrigerated vessel exports contracted remarkably to $X in 2020. Overall, exports showed a dramatic descent. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for refrigerated vessel exports from Greece, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Russia stood at -X%.

In value terms, Russia ($X) also remains the key foreign market for refrigerated vessel exports from Greece.

From 2007 to 2020, the average annual rate of growth in terms of value to Russia amounted to -X%.

Export Prices by Country

The average refrigerated vessel export price stood at $X per unit in 2020, falling by -X% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. The export price peaked at $X per unit in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2007 to 2020, the rate of growth in terms of prices for Russia amounted to -X% per year.

Refrigerated Vessel Imports

Imports into Greece

After three years of growth, overseas purchases of refrigerated vessels (ships) decreased by -X% to X units in 2020. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2019, and then shrank rapidly in the following year.

In value terms, refrigerated vessel imports shrank remarkably to $X in 2020. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2019, and then contracted notably in the following year.

Imports by Country

In 2010, Egypt (X units) was the main refrigerated vessel supplier to Greece, accounting for a approx. X% share of total imports.

From 2007 to 2010, the average annual rate of growth in terms of volume from Egypt was relatively modest.

In value terms, Egypt ($X) constituted the largest supplier of refrigerated vessel to Greece.

From 2007 to 2010, the average annual growth rate of value from Egypt was relatively modest.

Import Prices by Country

In 2010, the average refrigerated vessel import price amounted to $X per unit, with a decrease of -X% against the previous year. In general, the import price saw a precipitous descent. The most prominent rate of growth was recorded in 2009 a decrease of -X% year-to-year. The import price peaked at $X per unit in 2007; however, from 2008 to 2010, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Egypt.

From 2007 to 2010, the rate of growth in terms of prices for Egypt amounted to X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refrigerated vessels (ships) in the world?

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The countries with the highest volumes of refrigerated vessel consumption in 2020 were the Philippines (6.7K units), Panama (5.7K units) and South Korea (1.1K units), with a combined 84% share of global consumption.

What are the largest producers of refrigerated vessels (ships) in the world?

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The Philippines (6.7K units) remains the largest refrigerated vessel producing country worldwide, accounting for 53% of total volume. Moreover, refrigerated vessel production in the Philippines exceeded the figures recorded by the second-largest producer, Japan (1.9K units), fourfold. The third position in this ranking was occupied by South Korea (1.1K units), with a 8.4% share.

What are the leading suppliers of refrigerated vessels (ships) to Greece?

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In value terms, Egypt ($7.8K) constituted the largest supplier of refrigerated vessel to Greece.

What are the leading importers of refrigerated vessels (ships) from Greece?

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In value terms, Russia ($3.8K) remains the key foreign market for refrigerated vessel exports from Greece.

What is the average export price for refrigerated vessels (ships) in Greece?

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The average refrigerated vessel export price stood at $481,022 per unit in 2020, reducing by -7.8% against the previous year.

What is the average import price for refrigerated vessels (ships) in Greece?

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The average refrigerated vessel import price stood at $55,333 per unit in 2010, reducing by -63.7% against the previous year.