Greece: Electronic Material Tester Market 2025

Electronic Material Tester Market Size in Greece

The Greek electronic material tester market soared to $X in 2021, jumping by 49% 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 showed resilient growth. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Electronic Material Tester Exports

Exports from Greece

In 2021, overseas shipments of electronic machines and appliances for testing materials were finally on the rise to reach X units after three years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 96%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic material tester exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 149%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Cyprus (X units) was the main destination for electronic material tester exports from Greece, with a 69% share of total exports. Moreover, electronic material tester exports to Cyprus exceeded the volume sent to the second major destination, Libya (X units), sixfold. Switzerland (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus stood at +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+72.2% per year) and Switzerland (+23.8% per year).

In value terms, Cyprus ($X) remains the key foreign market for electronic machines and appliances for testing materials exports from Greece, comprising 43% of total exports. The second position in the ranking was taken by Libya ($X), with an 18% share of total exports. It was followed by Switzerland, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+37.0% per year) and Switzerland (+160.3% per year).

Export Prices by Country

The average electronic material tester export price stood at $X per unit in 2021, picking up by 5.2% against the previous year. In general, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 80%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Romania ($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 Spain (+486.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Material Tester Imports

Imports into Greece

In 2021, approx. X units of electronic machines and appliances for testing materials were imported into Greece; picking up by 34% compared with 2020. In general, imports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 91% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, electronic material tester imports surged to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 115%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of electronic material tester imports to Greece, together comprising 73% of total imports. These countries were followed by the UK, the United States, India and Turkey, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +92.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) were the largest electronic material tester suppliers to Greece, together comprising 52% of total imports. The UK, China, Turkey and India lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, India, with a CAGR of +44.2%, recorded 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

In 2021, the average electronic material tester import price amounted to $X per unit, surging by 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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