Greece: Market for Household Washing and Drying Machines 2025

Market Size for Household Washing and Drying Machines in Greece

The Greek washing and drying machine market surged to $X in 2021, rising by 30% 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). The market value increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Household Washing and Drying Machines

Exports from Greece

In 2021, shipments abroad of household washing and drying machines increased by 31% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, washing and drying machine exports soared to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.7% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cyprus (X tons) was the main destination for washing and drying machine exports from Greece, with a 87% share of total exports. Moreover, washing and drying machine exports to Cyprus exceeded the volume sent to the second major destination, Albania (X tons), more than tenfold. The third position in this ranking was taken by Israel (X tons), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+18.6% per year) and Israel (+110.7% per year).

In value terms, Cyprus ($X) remains the key foreign market for household washing and drying machines exports from Greece, comprising 82% of total exports. The second position in the ranking was held by Albania ($X), with a 9.8% share of total exports. It was followed by Israel, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+18.3% per year) and Israel (+140.6% per year).

Export Prices by Country

In 2021, the average washing and drying machine export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Albania ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Household Washing and Drying Machines

Imports into Greece

In 2021, approx. X tons of household washing and drying machines were imported into Greece; surging by 21% on the year before. The total import volume increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, washing and drying machine imports soared to $X in 2021. The total import value increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Turkey (X tons) and Poland (X tons) were the main suppliers of washing and drying machine imports to Greece, with a combined 68% share of total imports. These countries were followed by Romania, the Netherlands, Slovakia, Germany, Bulgaria and Italy, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +73.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Poland ($X) appeared to be the largest washing and drying machine suppliers to Greece, with a combined 65% share of total imports. These countries were followed by Germany, the Netherlands, Romania, Bulgaria, Slovakia and Italy, which together accounted for a further 29%.

Romania, with a CAGR of +68.2%, 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 washing and drying machine import price stood at $X per ton in 2021, with an increase of 8.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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