Greece: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in Greece

The Greek ballast for discharge lamp market soared to $X in 2021, increasing by 16% 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). The market value increased at an average annual rate of +15.9% over the period from 2020 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports from Greece

Ballast for discharge lamp exports from Greece skyrocketed to X units in 2021, rising by 168% on 2020 figures. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ballast for discharge lamp exports declined rapidly to $X in 2021. In general, exports, however, showed a precipitous curtailment. The exports peaked at $X in 2020, and then reduced markedly in the following year.

Exports by Country

Slovakia (X units) was the main destination for ballast for discharge lamp exports from Greece, accounting for a 80% share of total exports. Moreover, ballast for discharge lamp exports to Slovakia exceeded the volume sent to the second major destination, Germany (X units), sixfold. China (X units) ranked third in terms of total exports with a 1.6% share.

From 2020 to 2021, the average annual rate of growth in terms of volume to Slovakia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+334.5% per year) and China (+640.5% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for ballast for discharge lamp exports from Greece, comprising 37% of total exports. The second position in the ranking was held by China ($X), with a 10% share of total exports. It was followed by Germany, with a 9.3% share.

From 2020 to 2021, the average annual growth rate of value to Cyprus totaled -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+312.4% per year) and Germany (+349.7% per year).

Export Prices by Country

In 2021, the average ballast for discharge lamp export price amounted to $X per unit, declining by -83.3% against the previous year. Overall, the export price continues to indicate a dramatic setback. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then declined markedly in the following year.

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

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+115.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports into Greece

Ballast for discharge lamp imports into Greece expanded rapidly to X units in 2021, with an increase of 7.2% on 2020 figures. The total import volume increased at an average annual rate of +7.2% over the period from 2020 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ballast for discharge lamp imports soared to $X in 2021. The total import value increased at an average annual rate of +22.3% over the period from 2020 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of ballast for discharge lamp to Greece, accounting for a 72% share of total imports. Moreover, ballast for discharge lamp imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. The third position in this ranking was held by Spain (X units), with a 4.8% share.

From 2020 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-33.7% per year) and Spain (+46.0% per year).

In value terms, Italy ($X) constituted the largest supplier of ballast for discharge lamp to Greece, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 9.1% share of total imports. It was followed by Poland, with a 6.2% share.

From 2020 to 2021, the average annual rate of growth in terms of value from Italy stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.7% per year) and Poland (+1.7% per year).

Import Prices by Country

In 2021, the average ballast for discharge lamp import price amounted to $X per unit, increasing by 14% against the previous year. Over the period from 2020 to 2021, it increased at an average annual rate of +14.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by China (+153.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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