Greece: Twig Broom Market 2024

Twig Broom Market Size in Greece

In 2021, the Greek twig broom market increased by 93% to $X, rising for the third consecutive year after two years of decline. In general, consumption enjoyed a prominent expansion. Twig broom consumption peaked in 2021 and is expected to retain growth in years to come.

Twig Broom Exports

Exports from Greece

In 2021, overseas shipments of brooms and brushes of twigs increased by 202% to X units, rising for the third year in a row after two years of decline. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 926%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, twig broom exports expanded sharply to $X in 2021. In general, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 344%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Hungary (X units) was the main destination for twig broom exports from Greece, with a 68% share of total exports. Moreover, twig broom exports to Hungary exceeded the volume sent to the second major destination, Serbia (X units), sevenfold. The third position in this ranking was held by Cyprus (X units), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary amounted to +228.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+2,856.6% per year) and Cyprus (+18.8% per year).

In value terms, Italy ($X), Cyprus ($X) and Hungary ($X) were the largest markets for twig broom exported from Greece worldwide, with a combined 78% share of total exports. These countries were followed by Serbia, Slovakia, Spain and Bulgaria, which together accounted for a further 17%.

Among the main countries of destination, Serbia, with a CAGR of +4,981.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average twig broom export price stood at $X per unit in 2021, falling by -62.6% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 288%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Hungary ($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 (+71.4%), while the prices for the other major destinations experienced more modest paces of growth.

Twig Broom Imports

Imports into Greece

Twig broom imports into Greece surged to X units in 2021, increasing by 133% compared with 2020. Overall, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, twig broom imports skyrocketed to $X in 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.9% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 87%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

Italy (X units), Bulgaria (X units) and China (X units) were the main suppliers of twig broom imports to Greece, together accounting for 83% of total imports. Serbia and Sweden lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +132.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Serbia ($X) and Italy ($X) constituted the largest twig broom suppliers to Greece, with a combined 84% share of total imports. These countries were followed by China and Sweden, which together accounted for a further 11%.

In terms of the main suppliers, Sweden, with a CAGR of +71.6%, recorded 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

In 2021, the average twig broom import price amounted to $X per unit, declining by -37.3% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 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 Serbia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (-4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :