Greece: Hydraulic Press Market 2024

Hydraulic Press Market Size in Greece

The Greek hydraulic press market dropped rapidly to $X in 2022, which is down by -23.8% 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, however, posted prominent growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Press Exports

Exports from Greece

In 2022, the amount of hydraulic presses for working metal exported from Greece expanded notably to X units, with an increase of 5.2% compared with the year before. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 688%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, hydraulic press exports rose markedly to $X in 2022. In general, exports, however, faced a sharp decrease. The most prominent rate of growth was recorded in 2018 with an increase of 383%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Albania (X units) was the main destination for hydraulic press exports from Greece, accounting for a 56% share of total exports. Moreover, hydraulic press exports to Albania exceeded the volume sent to the second major destination, North Macedonia (X units), threefold. Serbia (X units) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to Albania totaled +45.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+36.2% per year) and Serbia (+25.9% per year).

In value terms, Albania ($X) remains the key foreign market for hydraulic presses for working metal exports from Greece, comprising 50% of total exports. The second position in the ranking was held by Serbia ($X), with a 22% share of total exports. It was followed by North Macedonia, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Albania stood at +42.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+48.5% per year) and North Macedonia (+12.5% per year).

Export Prices by Country

In 2022, the average hydraulic press export price amounted to $X per unit, flattening at the previous year. Overall, the export price, however, showed a sharp curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 147% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 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 Serbia ($X per unit), while the average price for exports to North Macedonia ($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 Montenegro (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Press Imports

Imports into Greece

In 2022, approx. X units of hydraulic presses for working metal were imported into Greece; shrinking by -18.9% compared with 2021 figures. Over the period under review, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 406% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, hydraulic press imports shrank remarkably to $X in 2022. In general, imports, however, enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2021 with an increase of 300%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic press supplier to Greece, with a 46% share of total imports. Moreover, hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Serbia (X units), twofold. The third position in this ranking was taken by Austria (X units), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +82.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (-0.4% per year) and Austria (+27.9% per year).

In value terms, Austria ($X) constituted the largest supplier of hydraulic presses for working metal to Greece, comprising 55% of total imports. The second position in the ranking was taken by Serbia ($X), with a 13% share of total imports. It was followed by Turkey, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Austria amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+9.2% per year) and Turkey (+6.3% per year).

Import Prices by Country

The average hydraulic press import price stood at $X per unit in 2022, shrinking by -22.9% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 742% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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