Greece: Market for Hand-Operated Drilling, Threading or Tapping Tools 2025

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Greece

After three years of decline, the Greek market for hand-operated drilling, threading or tapping tools increased by 45% to $X in 2022. Over the period under review, consumption, however, saw a drastic downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from Greece

After two years of growth, shipments abroad of hand-operated drilling, threading or tapping tools decreased by -52.4% to X tons in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 7,126% against the previous year. The exports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, exports of hand-operated drilling, threading or tapping tools fell to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,392% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Italy (X tons), Slovakia (X tons) and Hungary (X tons) were the main destinations of exports of hand-operated drilling, threading or tapping tools from Greece, together comprising 79% of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +328.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand-operated drilling, threading or tapping tool exported from Greece were Italy ($X), Slovakia ($X) and Hungary ($X), with a combined 69% share of total exports. Germany, Estonia, Romania and Poland lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, Germany, with a CAGR of +189.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for hand-operated drilling, threading or tapping tools amounted to $X per ton, picking up by 87% against the previous year. Overall, the export price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 1,169% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a 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 Germany ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+47.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into Greece

In 2022, overseas purchases of hand-operated drilling, threading or tapping tools decreased by -37.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 196%. Over the period under review, imports of attained the peak figure at X tons in 2021, and then contracted markedly in the following year.

In value terms, imports of hand-operated drilling, threading or tapping tools dropped significantly to $X in 2022. Overall, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest hand-operated drilling, threading or tapping tool supplier to Greece, accounting for a 74% share of total imports. Moreover, imports of hand-operated drilling, threading or tapping tools from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.3% per year) and Italy (-1.4% per year).

In value terms, Germany ($X), China ($X) and Italy ($X) constituted the largest hand-operated drilling, threading or tapping tool suppliers to Greece, together comprising 92% of total imports.

Among the main suppliers, China, with a CAGR of +22.0%, 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 a decline.

Import Prices by Country

In 2022, the average import price for hand-operated drilling, threading or tapping tools amounted to $X per ton, jumping by 29% against the previous year. In general, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 60% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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