Greece: Industrial Bakery Machinery Market 2025

Industrial Bakery Machinery Market Size in Greece

The Greek industrial bakery machinery market skyrocketed to $X in 2022, surging by 177% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Industrial Bakery Machinery Production in Greece

In value terms, industrial bakery machinery production declined to $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 164% against the previous year. Industrial bakery machinery production peaked at $X in 2021, and then declined in the following year.

Industrial Bakery Machinery Exports

Exports from Greece

In 2022, overseas shipments of industrial bakery machinery decreased by -33.5% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 119% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial bakery machinery exports declined significantly to $X in 2022. Overall, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 84%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell notably in the following year.

Exports by Country

Bulgaria (X units) was the main destination for industrial bakery machinery exports from Greece, accounting for a 29% share of total exports. Moreover, industrial bakery machinery exports to Bulgaria exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. The third position in this ranking was taken by Nigeria (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria stood at +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+67.4% per year) and Nigeria (+10.9% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for industrial bakery machinery exports from Greece, comprising 31% of total exports. The second position in the ranking was held by Pakistan ($X), with a 9.9% share of total exports. It was followed by Saudi Arabia, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value to Bulgaria amounted to +40.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+15.4% per year) and Saudi Arabia (+52.0% per year).

Export Prices by Country

The average industrial bakery machinery export price stood at $X per unit in 2022, surging by 16% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial bakery machinery export price increased by +125.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 93% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to Albania ($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 Pakistan (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports into Greece

In 2022, supplies from abroad of industrial bakery machinery decreased by -16.5% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial bakery machinery imports dropped rapidly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 39%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), Germany (X units) and Turkey (X units) were the main suppliers of industrial bakery machinery imports to Greece, together comprising 57% of total imports. The Netherlands, France, China, the Czech Republic, Taiwan (Chinese), Belgium, Denmark, Bulgaria, Spain and Romania lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +81.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest industrial bakery machinery suppliers to Greece, with a combined 70% share of total imports. Turkey, the Czech Republic, France, Denmark, China, Romania, Bulgaria, Taiwan (Chinese), Belgium and Spain lagged somewhat behind, together accounting for a further 24%.

The Czech Republic, with a CAGR of +49.7%, recorded 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

In 2022, the average industrial bakery machinery import price amounted to $X per unit, falling by -13.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 34% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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