Greece: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Greece

After two years of decline, the Greek stone polishing machine market increased by 7.8% to $X in 2022. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Stone Polishing Machine Production in Greece

In value terms, stone polishing machine production fell modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 6.7% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Stone Polishing Machine Exports

Exports from Greece

In 2022, overseas shipments of grinding or polishing machines for working stone, ceramics and concrete increased by 19% to X units, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 when exports increased by 338% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, stone polishing machine exports contracted notably to $X in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Italy (X units) and Qatar (X units) were the main destinations of stone polishing machine exports from Greece, with a combined 92% share of total exports. France lagged somewhat behind, comprising a further 7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +23.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and Qatar ($X) were the largest markets for stone polishing machine exported from Greece worldwide, with a combined 89% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +18.7%, recorded 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

In 2022, the average stone polishing machine export price amounted to $X per unit, which is down by -39.5% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 333%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+14.6%), while the prices for the other major destinations experienced mixed trend patterns.

Stone Polishing Machine Imports

Imports into Greece

In 2022, after two years of decline, there was significant growth in supplies from abroad of grinding or polishing machines for working stone, ceramics and concrete, when their volume increased by 138% to X units. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, stone polishing machine imports soared to $X in 2022. In general, imports showed a noticeable expansion. The pace of growth was the most pronounced in 2019 with an increase of 236%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of stone polishing machine to Greece, with a 66% share of total imports. Moreover, stone polishing machine imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. China (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+61.8% per year) and China (+33.3% per year).

In value terms, Italy ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to Greece, comprising 61% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+45.6% per year) and China (+28.8% per year).

Import Prices by Country

In 2022, the average stone polishing machine import price amounted to $X per unit, shrinking by -34.2% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 80% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Turkey ($X per unit), while the price for Italy ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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