Greece: Horizontal Machining Centre Market 2025

Horizontal Machining Centre Market Size in Greece

The Greek horizontal machining centre market reached $X in 2021, picking up by 11% 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 a significant increase. Horizontal machining centre consumption peaked in 2021 and is expected to retain growth in years to come.

Horizontal Machining Centre Exports

Exports from Greece

For the third year in a row, Greece recorded growth in shipments abroad of horizontal machining centres for working metal, which increased by 184% to X units in 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 200%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, horizontal machining centre exports skyrocketed to $X in 2021. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 302%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Croatia (X units), Romania (X units) and Slovenia (X units) were the main destinations of horizontal machining centre exports from Greece, with a combined 64% 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 Slovenia (with a CAGR of +106.0%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Slovenia ($X) and Croatia ($X) appeared to be the largest markets for horizontal machining centre exported from Greece worldwide, together comprising 94% of total exports. These countries were followed by Bosnia and Herzegovina, Romania, Albania and Morocco, which together accounted for a further 3.3%.

In terms of the main countries of destination, Albania, with a CAGR of +87.2%, saw the highest growth rate of 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 2021, the average horizontal machining centre export price amounted to $X per unit, which is down by -57.5% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 an increase of 247%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, 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 Bulgaria ($X per unit), while the average price for exports to Romania ($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 Albania (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Horizontal Machining Centre Imports

Imports into Greece

In 2021, the amount of horizontal machining centres for working metal imported into Greece surged to X units, rising by 19% against 2020 figures. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 441% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, horizontal machining centre imports skyrocketed to $X in 2021. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 345%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest horizontal machining centre supplier to Greece, accounting for a 64% share of total imports. Moreover, horizontal machining centre imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Poland (X units), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +52.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+34.5% per year) and Poland (+28.4% per year).

In value terms, the largest horizontal machining centre suppliers to Greece were Germany ($X), Poland ($X) and Italy ($X), together comprising 74% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +171.3%, saw 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

The average horizontal machining centre import price stood at $X per unit in 2021, with an increase of 12% against the previous year. Overall, the import price, however, faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 27%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-12.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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