Greece: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Greece

After three years of growth, the Greek electronic metal tester market decreased by -26% to $X in 2021. Over the period under review, consumption, however, posted a significant expansion. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Electronic Metal Tester Exports

Exports from Greece

In 2021, electronic metal tester exports from Greece soared to X units, picking up by 700% against the previous year's figure. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 1,900%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electronic metal tester exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 285% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Liberia (X units), the Netherlands (X units) and Cyprus (X units) were the main destinations of electronic metal tester exports from Greece, together comprising 81% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +16.7%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for electronic machines and appliances for testing metals exports from Greece, comprising 66% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total exports. It was followed by Liberia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus stood at +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-16.5% per year) and Liberia (0.0% per year).

Export Prices by Country

The average electronic metal tester export price stood at $X per unit in 2021, waning by -68.2% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 an increase of 286% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Cyprus ($X per unit), while the average price for exports to the UK ($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 Cyprus (-3.5%), while the prices for the other major destinations experienced a decline.

Electronic Metal Tester Imports

Imports into Greece

After two years of growth, overseas purchases of electronic machines and appliances for testing metals decreased by -33.2% to X units in 2021. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 621%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, electronic metal tester imports shrank rapidly to $X in 2021. In general, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 221%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest electronic metal tester supplier to Greece, accounting for a 66% share of total imports. Moreover, electronic metal tester imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The UK (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+36.6% per year) and the UK (+10.7% per year).

In value terms, the United States ($X), Germany ($X) and the UK ($X) constituted the largest electronic metal tester suppliers to Greece, with a combined 73% share of total imports.

The United States, with a CAGR of +29.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electronic metal tester import price stood at $X per unit in 2021, rising by 27% against the previous year. Overall, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 109%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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