Greece: Computing Machinery Market 2024

Computing Machinery Market Size in Greece

In 2021, the Greek computing machinery market increased by 1.9% to $X, rising for the fifth consecutive year after two years of decline. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.5% against 2016 indices. Computing machinery consumption peaked in 2021 and is expected to retain growth in the immediate term.

Computing Machinery Production in Greece

In value terms, computing machinery production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 13%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Computing Machinery Exports

Exports from Greece

In 2021, after two years of decline, there was significant growth in overseas shipments of computing machinery and parts and accessories thereof, when their volume increased by 19% to X tons. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 425%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, computing machinery exports shrank to $X in 2021. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2014 with an increase of 538%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Spain (X tons) and Cyprus (X tons) were the main destinations of computing machinery exports from Greece, with a combined 34% share of total exports. These countries were followed by Turkey, Portugal, Bulgaria, Romania and the Netherlands, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +60.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Turkey ($X) appeared to be the largest markets for computing machinery exported from Greece worldwide, with a combined 77% share of total exports. These countries were followed by Cyprus, Romania, Portugal, Bulgaria and the Netherlands, which together accounted for a further 31%.

Portugal, with a CAGR of +67.3%, recorded 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

The average computing machinery export price stood at $X per ton in 2021, falling by -25.6% against the previous year. In general, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the Netherlands ($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 Bulgaria (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Greece

In 2021, imports of computing machinery and parts and accessories thereof into Greece rose markedly to X tons, picking up by 6.8% on the previous year. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 63%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, computing machinery imports stood at $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +11.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.1% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 57%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of computing machinery imports to Greece, with a combined 65% share of total imports. Poland, Romania, the Czech Republic, Hungary, Sweden, Bulgaria and Belgium lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest computing machinery suppliers to Greece were China ($X), the Netherlands ($X) and Germany ($X), together comprising 72% of total imports. Poland, the Czech Republic, Hungary, Bulgaria, Romania, Belgium and Sweden lagged somewhat behind, together comprising a further 12%.

In terms of the main suppliers, Hungary, with a CAGR of +23.7%, 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

The average computing machinery import price stood at $X per ton in 2021, with an increase of 3.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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