Greece: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Greece

The Greek market for electro-thermic appliances or domestic purposes surged to $X in 2021, rising by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 +114.4% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Greece

Electro-thermic appliances or domestic purposes exports from Greece soared to X units in 2021, increasing by 307% on the previous year's figure. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes exports skyrocketed to $X in 2021. In general, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units), Cyprus (X units) and Lithuania (X units) were the main destinations of electro-thermic appliances or domestic purposes exports from Greece, together comprising 52% of total exports. These countries were followed by Bulgaria, Pakistan, San Marino, Spain and Albania, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +367.1%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for electro-thermic appliances or domestic purposes exports from Greece, comprising 29% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 13% share of total exports. It was followed by San Marino, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus stood at +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+0.4% per year) and San Marino (0.0% per year).

Export Prices by Country

In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, reducing by -35.1% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 49%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per unit), while the average price for exports to Pakistan ($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 Bulgaria (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Greece

In 2021, imports of electro-thermic appliances or domestic purposes into Greece surged to X units, growing by 65% on the previous year. Overall, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes imports surged to $X in 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +125.2% against 2016 indices. 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 electro-thermic appliances or domestic purposes to Greece, accounting for a 60% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), sixfold. Hungary (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+19.8% per year) and Hungary (+16.2% per year).

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Greece, comprising 44% of total imports. The second position in the ranking was taken by Hungary ($X), with a 10% share of total imports. It was followed by Germany, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+23.5% per year) and Germany (+6.2% per year).

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, which is down by -1.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17% 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.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :