Greece: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Greece

The Greek market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022, growing by 35% against the previous year. Overall, consumption showed a notable increase. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in Greece

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by 13%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Greece

In 2022, overseas shipments of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA were finally on the rise to reach X units after three years of decline. Overall, exports, however, faced a abrupt contraction. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA surged to $X in 2022. In general, exports saw a strong increase. The growth pace was the most rapid in 2015 when exports increased by 650%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Ukraine (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Greece, accounting for a 65% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Ukraine exceeded the volume sent to the second major destination, Bulgaria (X units), ninefold. The third position in this ranking was held by North Macedonia (X units), with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume to Ukraine was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+21.5% per year) and North Macedonia (+4.6% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA exports from Greece, comprising 69% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 6% share of total exports. It was followed by Bulgaria, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to Ukraine was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+12.6% per year) and Bulgaria (+25.3% per year).

Export Prices by Country

The average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, which is down by -6.8% against the previous year. Over the period under review, the export price, however, saw significant growth. The most prominent rate of growth was recorded in 2013 an increase of 2,036% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($X per unit), while the average price for exports to Marshall Islands ($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 Portugal (+133.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Greece

For the fourth year in a row, Greece recorded growth in supplies from abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA, which increased by 37% to X units in 2022. Overall, imports posted pronounced growth. The growth pace was the most rapid in 2021 with an increase of 109% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA skyrocketed to $X in 2022. Over the period under review, imports, however, saw a slight downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 45% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and Turkey (X units) were the main suppliers of imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Greece, with a combined 79% share of total imports. Albania, Serbia, Romania, the UK, Germany and Cyprus lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +100.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA suppliers to Greece were Turkey ($X), China ($X) and Italy ($X), with a combined 77% share of total imports. The UK, Romania, Serbia, Albania, Cyprus and Germany lagged somewhat behind, together accounting for a further 9.9%.

Serbia, with a CAGR of +73.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, with an increase of 2.5% against the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 27%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

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 the UK ($X per unit), while the price for Albania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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