Greece: Vapour Power Unit Market 2024

Vapour Power Unit Market Size in Greece

The Greek vapour power unit market soared to $X in 2021, surging by 423% against the previous year. Over the period under review, consumption saw a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vapour Power Unit Production in Greece

In value terms, vapour power unit production rose modestly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 29% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Vapour Power Unit Exports

Exports from Greece

In 2021, the amount of condensers for steam or other vapour power units exported from Greece skyrocketed to X tons, picking up by 102% compared with the previous year. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2018 when exports increased by 348%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, vapour power unit exports surged to $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 418%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bahamas (X kg) was the main destination for vapour power unit exports from Greece, with a 51% share of total exports. Moreover, vapour power unit exports to Bahamas exceeded the volume sent to the second major destination, Singapore (X kg), threefold. The third position in this ranking was held by Germany (X kg), with a 19% share.

From 2013 to 2021, the average annual rate of growth in terms of volume to Bahamas amounted to +86.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-23.4% per year) and Germany (0.0% per year).

In value terms, the largest markets for vapour power unit exported from Greece were Bahamas ($X), Singapore ($X) and Germany ($X), with a combined 72% share of total exports.

Singapore, with a CAGR of +82.4%, saw the highest rates of growth with regard to the value of exports, among 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 vapour power unit export price amounted to $X per ton, waning by -19.1% against the previous year. In general, the export price showed a precipitous slump. The pace of growth appeared the most rapid in 2018 an increase of 16%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Liberia ($X per ton), while the average price for exports to Bahamas ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (-18.2%), while the prices for the other major destinations experienced a decline.

Vapour Power Unit Imports

Imports into Greece

In 2021, approx. X tons of condensers for steam or other vapour power units were imported into Greece; picking up by 5,627% compared with 2020. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vapour power unit imports soared to $X in 2021. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest vapour power unit supplier to Greece, with a 83% share of total imports. Moreover, vapour power unit imports from Spain exceeded the figures recorded by the second-largest supplier, Hungary (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +59.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (0.0% per year) and Belgium (+452.0% per year).

In value terms, Spain ($X) constituted the largest supplier of vapour power unit to Greece, comprising 82% of total imports. The second position in the ranking was held by Hungary ($X), with an 8.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +51.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (0.0% per year) and Belgium (+476.5% per year).

Import Prices by Country

In 2021, the average vapour power unit import price amounted to $X per ton, reducing by -8.6% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%).

Source: IndexBox Platform

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