Greece: Stone Sawing Machine Market 2023

Stone Sawing Machine Market Size in Greece

In 2021, the Greek stone sawing machine market decreased by -11.8% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, showed a strong expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Stone Sawing Machine Exports

Exports from Greece

In 2021, overseas shipments of sawing machines for working stone, ceramics and concrete were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, stone sawing machine exports soared to $X in 2021. Overall, exports, however, continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2013 with an increase of 151%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Israel (X units) was the main destination for stone sawing machine exports from Greece, accounting for a 68% share of total exports. Moreover, stone sawing machine exports to Israel exceeded the volume sent to the second major destination, Cyprus (X units), fivefold. The third position in this ranking was held by North Macedonia (X units), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Israel stood at +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+22.2% per year) and North Macedonia (+32.3% per year).

In value terms, Israel ($X), Cyprus ($X) and North Macedonia ($X) were the largest markets for stone sawing machine exported from Greece worldwide, together accounting for 76% of total exports.

Cyprus, with a CAGR of +25.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stone sawing machine export price stood at $X per unit in 2021, with a decrease of -42.7% against the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 149% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Israel ($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 Serbia (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into Greece

In 2021, after two years of decline, there was significant growth in supplies from abroad of sawing machines for working stone, ceramics and concrete, when their volume increased by 13% to X units. Overall, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2013 when imports increased by 133%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, stone sawing machine imports expanded significantly to $X in 2021. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 306% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of stone sawing machine to Greece, with a 58% share of total imports. Moreover, stone sawing machine imports from Italy exceeded the figures recorded by the second-largest supplier, Sweden (X units), fourfold. Bulgaria (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+23.5% per year) and Bulgaria (+25.9% per year).

In value terms, Italy ($X) constituted the largest supplier of sawing machines for working stone, ceramics and concrete to Greece, comprising 67% of total imports. The second position in the ranking was held by Bulgaria ($X), with a 12% share of total imports. It was followed by Sweden, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+46.0% per year) and Sweden (+38.6% per year).

Import Prices by Country

The average stone sawing machine import price stood at $X per unit in 2021, which is down by -2% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 98%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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