Greece: Engine Generator Market 2025

Engine Generator Market Size in Greece

The Greek engine generator market dropped to $X in 2022, with a decrease of -3.2% against the previous year. Over the period under review, consumption showed a perceptible shrinkage. Engine generator consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Engine Generator Production in Greece

In value terms, engine generator production rose slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Engine Generator Exports

Exports from Greece

In 2022, shipments abroad of generators for internal combustion engines increased by 76% to X units, rising for the second year in a row after two years of decline. Overall, exports posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 2,956%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, engine generator exports surged to $X in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 2,893% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for engine generator exports from Greece, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +17.8%.

In value terms, the United States ($X) also remains the key foreign market for generators for internal combustion engines exports from Greece.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +18.9%.

Export Prices by Country

The average engine generator export price stood at $X per unit in 2022, declining by -31.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 32%. The export price peaked at $X per unit in 2021, and then fell sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.0% per year.

Engine Generator Imports

Imports into Greece

In 2022, after two years of growth, there was significant decline in overseas purchases of generators for internal combustion engines, when their volume decreased by -23.2% to X units. Over the period under review, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 81%. As a result, imports attained the peak of X units, and then declined markedly in the following year.

In value terms, engine generator imports skyrocketed to $X in 2022. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of engine generator imports to Greece, with a combined 65% share of total imports. Poland, China, Belgium, Bulgaria and the UK lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +63.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest engine generator suppliers to Greece were Italy ($X), Germany ($X) and the Netherlands ($X), with a combined 65% share of total imports. Poland, China, Belgium, Bulgaria and the UK lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, Poland, with a CAGR of +68.8%, recorded the highest growth rate of 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 engine generator import price stood at $X per unit in 2022, picking up by 51% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bulgaria ($X per unit) and Belgium ($X per unit), while the price for the UK ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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