Greece: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Greece

The Greek market for in-hand motor grinders, sanders and planers surged to $X in 2021, with an increase of 68% 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 saw a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Greece

In 2021, the amount of in-hand motor grinders, sanders and planers exported from Greece soared to X units, jumping by 212% against the previous year. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. Over the period under review, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cyprus (X units), Italy (X units) and Serbia (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Greece, together comprising 60% of total exports. Lithuania, Romania, Croatia, Bulgaria, Germany, Ireland, Austria and Belgium lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the biggest increases were in Lithuania (with a CAGR of +52,036.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Greece, comprising 40% of total exports. The second position in the ranking was held by Serbia ($X), with a 17% share of total exports. It was followed by Italy, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cyprus totaled +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+75.3% per year) and Italy (+56.1% per year).

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, falling by -32.5% against the previous year. Overall, the export price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 35% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Bulgaria ($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 Ireland (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Greece

Imports of in-hand motor grinders, sanders and planers into Greece surged to X units in 2021, jumping by 72% compared with 2020. Over the period under review, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Overall, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Greece, accounting for a 49% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Austria (X units), twofold. The third position in this ranking was taken by Belgium (X units), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+12.1% per year) and Belgium (+11.4% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Greece, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.0% per year) and Belgium (+13.2% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, picking up by 2.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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