Greece: Dairy Machinery Market 2024

Dairy Machinery Market Size in Greece

The Greek dairy machinery market soared to $X in 2022, with an increase of 83% against the previous year. In general, consumption recorded moderate growth. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Dairy Machinery Production in Greece

In value terms, dairy machinery production expanded to $X in 2022 estimated in export price. In general, production posted strong growth. The growth pace was the most rapid in 2018 with an increase of 107%. Dairy machinery production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Dairy Machinery Exports

Exports from Greece

In 2022, shipments abroad of dairy machinery increased by 3.4% to X units, rising for the third consecutive year after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 42%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, dairy machinery exports skyrocketed to $X in 2022. In general, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.5% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 38%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), Switzerland (X units) and Italy (X units) were the main destinations of dairy machinery exports from Greece, together comprising 29% of total exports. Spain, the United States, Romania, Hungary, Tunisia, the UK, Japan, Albania, Austria and Cyprus lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +948.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Romania ($X) and Switzerland ($X) appeared to be the largest markets for dairy machinery exported from Greece worldwide, with a combined 26% share of total exports. Italy, the United States, Cyprus, Spain, the UK, Albania, Tunisia, Austria, Japan and Hungary lagged somewhat behind, together accounting for a further 35%.

Spain, with a CAGR of +512.4%, recorded 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

The average dairy machinery export price stood at $X per unit in 2022, picking up by 23% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, 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 Cyprus ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+80.9%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Machinery Imports

Imports into Greece

In 2022, supplies from abroad of dairy machinery was finally on the rise to reach X units after three years of decline. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 459%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dairy machinery imports surged to $X in 2022. Over the period under review, imports posted a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 356%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units) was the main dairy machinery supplier to Greece, accounting for a 92% share of total imports. It was followed by Italy (X units), with a 2.2% share of total imports. The third position in this ranking was taken by the Netherlands (X units), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.6% per year) and the Netherlands (+15.6% per year).

In value terms, Germany ($X) constituted the largest supplier of dairy machinery to Greece, comprising 95% of total imports. The second position in the ranking was held by Italy ($X), with a 1.8% share of total imports. It was followed by the Netherlands, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.2% per year) and the Netherlands (+17.4% per year).

Import Prices by Country

The average dairy machinery import price stood at $X per unit in 2022, waning by -15.2% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the average import price increased by 64% against the previous year. The import price peaked at $X per unit in 2021, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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