Greece: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Greece

In 2020, the Greek market for electric generating sets and rotary converters decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Consumption peaked at $X in 2019, and then dropped significantly in the following year.

Production of Electric Generating Sets And Rotary Converters in Greece

In value terms, production of electric generating sets and rotary converters contracted to $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Greece

In 2020, exports of electric generating sets and rotary converters from Greece skyrocketed to X units, rising by X% compared with 2019. Overall, exports continue to indicate buoyant growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of electric generating sets and rotary converters surged to $X in 2020. Over the period under review, exports enjoyed notable growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2011 to 2020, the growth of exports failed to regain the momentum.

Exports by Country

The Netherlands (X units) was the main destination for exports of electric generating sets and rotary converters from Greece, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to the Netherlands exceeded the volume sent to the second major destination, Germany (X units), ninefold. France (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and France (+X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for electric generating set and rotary converter exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and the UK (+X% per year).

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, declining by -X% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per unit in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the UK ($X per unit), while the average price for exports to Albania ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Imports of Electric Generating Sets And Rotary Converters

Imports into Greece

In 2020, after two years of growth, there was significant decline in purchases abroad of electric generating sets and rotary converters, when their volume decreased by -X% to X units. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X units in 2019, and then reduced in the following year.

In value terms, imports of electric generating sets and rotary converters contracted to $X in 2020. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Denmark (X units), Germany (X units) and China (X units) were the main suppliers of imports of electric generating sets and rotary converters to Greece, together accounting for X% of total imports. These countries were followed by Spain, Italy and Portugal, which together accounted for a further X 2007 to 2020, the biggest increases were in Portugal, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Germany ($X) and Spain ($X) appeared to be the largest electric generating set and rotary converter suppliers to Greece, with a combined X% share of total imports. Italy, China and Portugal lagged somewhat behind, together comprising a further X the main suppliers, Portugal (+X% per year) 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 electric generating sets and rotary converters stood at $X per unit in 2020, almost unchanged from the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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