Greece: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Greece

In 2022, the Greek non-propelled vehicle market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a precipitous setback. Non-propelled vehicle consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Propelled Vehicle Production in Greece

In value terms, non-propelled vehicle production expanded sharply to $X in 2022 estimated in export price. Overall, production saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Non-propelled vehicle production peaked in 2022 and is likely to see gradual growth in years to come.

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Non-Propelled Vehicle Exports

Exports from Greece

In 2022, non-propelled vehicle exports from Greece skyrocketed to X units, picking up by X% against the previous year. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-propelled vehicle exports dropped sharply to $X in 2022. In general, exports, however, saw a slight decrease. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for non-propelled vehicle exports from Greece, with a X% share of total exports. It was followed by Cyprus (X units), with a X% share of total exports.

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

In value terms, Germany ($X) remains the key foreign market for vehicles not mechanically propelled exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Cyprus ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average non-propelled vehicle export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Germany ($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 the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Propelled Vehicle Imports

Imports into Greece

In 2022, approx. X units of vehicles not mechanically propelled were imported into Greece; dropping by X% compared with 2021. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-propelled vehicle imports expanded significantly to $X in 2022. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-propelled vehicle to Greece, with a X% share of total imports. Moreover, non-propelled vehicle imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Austria (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Austria (X% per year).

In value terms, the largest non-propelled vehicle suppliers to Greece were China ($X), Turkey ($X) and Germany ($X), with a combined X% share of total imports. Italy, Finland, Austria and Cyprus lagged somewhat behind, together comprising a further X%.

Cyprus, 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 non-propelled vehicle import price amounted to $X per unit, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Cyprus (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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