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

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

The Greek market for diesel or semi-diesel electric generating sets of output under X kVA surged to $X in 2021, with an increase of 107% against the previous year. In general, consumption enjoyed a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of diesel or semi-diesel electric generating sets of output under X kVA expanded modestly to $X in 2021 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.7% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 62% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports from Greece

In 2021, after four years of growth, there was significant decline in overseas shipments of diesel or semi-diesel electric generating sets of output under X kVA, when their volume decreased by -16.6% to X units. In general, exports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of 282% against the previous year. As a result, the exports reached the peak of X units, and then shrank sharply in the following year.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 188%. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Cyprus (X units), Italy (X units) and Albania (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output under X kVA from Greece, together comprising 87% of total exports. These countries were followed by Bulgaria, Germany and Spain, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +35.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Bulgaria ($X) and Cyprus ($X) appeared to be the largest markets for diesel or semi-diesel electric generating set of output under X kVA exported from Greece worldwide, with a combined 88% share of total exports. These countries were followed by Albania, Germany and Spain, which together accounted for a further 5.9%.

Germany, with a CAGR of +45.7%, recorded the highest rates of growth with regard to 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

In 2021, the average export price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, jumping by 66% against the previous year. Overall, the export price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2013 an increase of 120% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Spain ($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 Spain (-2.8%), while the prices for the other major destinations experienced a decline.

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

Imports into Greece

In 2021, overseas purchases of diesel or semi-diesel electric generating sets of output under X kVA increased by 137% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA soared to $X in 2021. Overall, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of diesel or semi-diesel electric generating set of output under X kVA to Greece, accounting for a 54% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output under X kVA from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Spain (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.5% per year) and Spain (+74.5% per year).

In value terms, China ($X), Italy ($X) and Spain ($X) appeared to be the largest diesel or semi-diesel electric generating set of output under X kVA suppliers to Greece, together accounting for 46% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +51.9%, saw 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 import price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, declining by -30.5% against the previous year. Overall, the import price, however, saw a notable increase. The most prominent rate of growth was recorded in 2013 an increase of 98% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 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 Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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