Greece: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Greece

The Greek market for forage harvesters and other harvesting machines surged to $X in 2021, rising by 19% 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 enjoyed a measured expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Greece

Exports of forage harvesters and other harvesting machines from Greece rose rapidly to X units in 2021, increasing by 13% on 2020. In general, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 180%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of forage harvesters and other harvesting machines reduced slightly to $X in 2021. Overall, exports posted a notable expansion. The growth pace was the most rapid in 2017 with an increase of 81%. The exports peaked at $X in 2020, and then reduced slightly in the following year.

Exports by Country

Israel (X units), Albania (X units) and Turkey (X units) were the main destinations of exports of forage harvesters and other harvesting machines from Greece, with a combined 89% share 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 Israel (with a CAGR of +16.7%), while the other leaders experienced a decline.

In value terms, Israel ($X) remains the key foreign market for forage harvesters and other harvesting machines exports from Greece, comprising 76% of total exports. The second position in the ranking was held by Albania ($X), with a 7.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel stood at +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+56.9% per year) and Turkey (-15.6% per year).

Export Prices by Country

The average export price for forage harvesters and other harvesting machines stood at $X per unit in 2021, reducing by -18% against the previous year. Overall, the export price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 168% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 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 Israel ($X per unit), while the average price for exports to Albania ($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 Turkey (+8.8%), while the prices for the other major destinations experienced a decline.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Greece

In 2021, after two years of decline, there was significant growth in supplies from abroad of forage harvesters and other harvesting machines, when their volume increased by 72% to X units. Over the period under review, imports posted noticeable growth. The growth pace was the most rapid in 2018 with an increase of 205% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of forage harvesters and other harvesting machines reduced markedly to $X in 2021. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 94%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2021, the United States (X units) constituted the largest forage harvesters and other harvesting machines supplier to Greece, accounting for a 70% share of total imports. Moreover, imports of forage harvesters and other harvesting machines from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by Germany (X units), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.9% per year) and Germany (+9.6% per year).

In value terms, the largest forage harvesters and other harvesting machines suppliers to Greece were Italy ($X), Germany ($X) and the United States ($X), together accounting for 82% of total imports. China, France and the Netherlands lagged somewhat behind, together comprising a further 12%.

France, with a CAGR of +47.4%, saw the highest rates of growth with regard to 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 import price for forage harvesters and other harvesting machines stood at $X per unit in 2021, declining by -55.7% against the previous year. In general, the import price, however, saw noticeable growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 118% against the previous year. As a result, import price reached the peak level of $X per unit, and then fell dramatically in the following year.

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 France ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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