Greece: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Greece

The Greek market for bearing housings not incorporating ball or roller bearings, plain shaft bearings soared to $X in 2021, increasing by 81% 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). In general, consumption showed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Greece

Bearing housing without ball bearing exports from Greece surged to X tons in 2021, picking up by 61% on 2020. Overall, exports posted significant growth. The growth pace was the most rapid in 2014 when exports increased by 228% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, bearing housing without ball bearing exports skyrocketed to $X in 2021. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 187% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons) was the main destination for bearing housing without ball bearing exports from Greece, with a 71% share of total exports. Moreover, bearing housing without ball bearing exports to Italy exceeded the volume sent to the second major destination, Bulgaria (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +153.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+43.6% per year) and the United Arab Emirates (-6.3% per year).

In value terms, Italy ($X) emerged as the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Greece, comprising 60% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Bulgaria, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +131.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+12.9% per year) and Bulgaria (+37.0% per year).

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, growing by 13% against the previous year. In general, the export price posted temperate growth. The growth pace was the most rapid in 2016 when the average export price increased by 125%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bulgaria ($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 France (+37.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Greece

In 2021, the amount of bearing housings not incorporating ball or roller bearings, plain shaft bearings imported into Greece soared to X tons, jumping by 104% on the year before. Overall, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. Over the period under review, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of bearing housing without ball bearing to Greece, with a 36% share of total imports. Moreover, bearing housing without ball bearing imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. China (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.7% per year) and China (+0.6% per year).

In value terms, the largest bearing housing without ball bearing suppliers to Greece were Germany ($X), Italy ($X) and Ireland ($X), with a combined 48% share of total imports. These countries were followed by the Netherlands, Belgium, China and Serbia, which together accounted for a further 14%.

In terms of the main suppliers, Serbia, with a CAGR of +175.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, declining by -23.8% against the previous year. Over the period under review, the import price showed a noticeable contraction. The pace of growth was the most pronounced in 2014 an increase of 78%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 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, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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