Greece: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Greece

The Greek market for wiring sets used in vehicles, aircraft or ships surged to $X in 2021, rising by 71% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Greece

In 2021, shipments abroad of wiring sets used in vehicles, aircraft or ships decreased by -85.9% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 199%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships contracted sharply to $X in 2021. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 261%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X kg), Bulgaria (X kg) and Turkey (X kg) were the main destinations of exports of wiring sets used in vehicles, aircraft or ships from Greece, with a combined 73% share of total exports. These countries were followed by the UK, Cyprus, Bahamas and Belgium, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +140.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wiring sets used in vehicles, aircraft or ships exported from Greece were the UK ($X), Bulgaria ($X) and Cyprus ($X), with a combined 71% share of total exports.

The UK, with a CAGR of +199.9%, saw the highest growth rate of 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

In 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, surging by 320% against the previous year. Overall, the export price saw resilient growth. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Greece

In 2021, purchases abroad of wiring sets used in vehicles, aircraft or ships increased by 30% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 32% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 53%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and Italy (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Greece, with a combined 62% share of total imports. Japan, Belgium, South Korea, Turkey and Sweden lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +27.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) appeared to be the largest wiring sets used in vehicles, aircraft or ships suppliers to Greece, together accounting for 54% of total imports. Japan, China, Turkey, South Korea and Sweden lagged somewhat behind, together accounting for a further 23%.

Turkey, with a CAGR of +23.6%, recorded the highest growth rate of the value of imports, among 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 2021, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, surging by 12% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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