Greece: Food Mixer Market 2024

Food Mixer Market Size in Greece

The Greek food mixer market declined notably to $X in 2022, which is down by -26.3% 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). Over the period under review, consumption continues to indicate a abrupt decrease. Food mixer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Food Mixer Exports

Exports from Greece

In 2022, shipments abroad of domestic food grinders and mixers and fruit or vegetable juice extractors increased by 9.5% to X units, rising for the fourth year in a row after two years of decline. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 69% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, food mixer exports dropped to $X in 2022. Overall, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +55.8% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 43%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Bulgaria (X units), Cyprus (X units) and the Czech Republic (X units) were the main destinations of food mixer exports from Greece, together accounting for 86% of total exports. Romania and Italy lagged somewhat behind, together comprising a further 8.1%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +11.3%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for domestic food grinders and mixers and fruit or vegetable juice extractors exports from Greece, comprising 59% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 12% share of total exports. It was followed by the Czech Republic, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus amounted to +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+6.2% per year) and the Czech Republic (+6.3% per year).

Export Prices by Country

In 2022, the average food mixer export price amounted to $X per unit, dropping by -19% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 56% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Bulgaria ($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 Romania (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Food Mixer Imports

Imports into Greece

Food mixer imports into Greece contracted to X units in 2022, which is down by -14.2% against 2021 figures. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 42% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, food mixer imports fell remarkably to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 47%. Imports peaked at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest food mixer supplier to Greece, with a 63% share of total imports. Moreover, food mixer imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. Italy (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+10.4% per year) and Italy (+5.1% per year).

In value terms, China ($X) constituted the largest supplier of domestic food grinders and mixers and fruit or vegetable juice extractors to Greece, comprising 41% of total imports. The second position in the ranking was taken by Austria ($X), with an 18% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+10.5% per year) and Italy (+2.3% per year).

Import Prices by Country

The average food mixer import price stood at $X per unit in 2022, declining by -11.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 14%. The import price peaked at $X per unit in 2021, and then dropped 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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