Greece: Ecg Market 2025

Ecg Market Size in Greece

The Greek ECG market soared to $X in 2021, picking up by 56% 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). Overall, consumption showed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ecg Exports

Exports from Greece

In 2021, ecg exports from Greece fell dramatically to X units, with a decrease of -34.1% compared with the year before. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 120%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ECG exports fell remarkably to $X in 2021. Over the period under review, exports saw a noticeable contraction. The growth pace was the most rapid in 2016 when exports increased by 321%. The exports peaked at $X in 2020, and then contracted sharply in the following year.

Exports by Country

Cyprus (X units) was the main destination for ECG exports from Greece, with a 78% share of total exports. Moreover, ECG exports to Cyprus exceeded the volume sent to the second major destination, Malta (X units), tenfold. Marshall Islands (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus totaled -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (0.0% per year) and Marshall Islands (0.0% per year).

In value terms, the largest markets for ECG exported from Greece were Cyprus ($X), the Netherlands ($X) and Malta ($X), together comprising 76% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +270.7%, saw 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

The average ECG export price stood at $X per unit in 2021, declining by -19.9% against the previous year. Overall, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 193%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Marshall Islands ($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 Germany (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ecg Imports

Imports into Greece

In 2021, the amount of electro-cardiographs imported into Greece soared to X units, rising by 54% on 2020 figures. Overall, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ECG imports skyrocketed to $X in 2021. In general, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 72%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

China (X units), Germany (X units) and the UK (X units) were the main suppliers of ECG imports to Greece, with a combined 79% share of total imports. The United States, Italy, South Korea, Switzerland, Austria and Finland lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +64.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ECG suppliers to Greece were Germany ($X), China ($X) and the UK ($X), together comprising 70% of total imports. These countries were followed by South Korea, Switzerland, the United States, Italy, Finland and Austria, which together accounted for a further 15%.

Switzerland, with a CAGR of +46.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ECG import price amounted to $X per unit, waning by -6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 52%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 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 Finland ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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