Greece: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Greece

The Greek market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021, increasing by 161% 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 enjoyed a resilient increase. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Greece

Exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Greece skyrocketed to X units in 2021, rising by 79% on the previous year's figure. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 184% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps surged to $X in 2021. Overall, exports continue to indicate a strong increase. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Greece, with a 105% share of total exports. Moreover, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Italy exceeded the volume sent to the second major destination, Liberia (X units), twofold. Cyprus (X units) ranked third in terms of total exports with a 24% share.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to +84.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (+201.7% per year) and Cyprus (+17.3% per year).

In value terms, Liberia ($X), Italy ($X) and Turkey ($X) appeared to be the largest markets for hydraulic pump (gear or vane) and other rotary positive displacement pump exported from Greece worldwide, with a combined 47% share of total exports.

Among the main countries of destination, Liberia, with a CAGR of +132.3%, 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

The average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, growing by 24% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2016 an increase of 322% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Ireland ($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 Turkey (-3.3%), while the prices for the other major destinations experienced a decline.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Greece

In 2021, overseas purchases of hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 196% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps reached $X in 2021. In general, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 49% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to Greece, accounting for a 33% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by China (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.6% per year) and China (+24.6% per year).

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to Greece were Germany ($X), Italy ($X) and the UK ($X), with a combined 52% share of total imports. These countries were followed by France, Bulgaria, China and Turkey, which together accounted for a further 19%.

Bulgaria, with a CAGR of +25.2%, saw the highest growth rate of the value of imports, among 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 import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, waning by -62.1% against the previous year. In general, the import price showed a drastic downturn. The growth pace was the most rapid in 2014 an increase of 324% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform