Greece: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Greece

The Greek sugar-manufacturing industrial machinery market reached $X in 2022, with an increase of 10% against the previous year. In general, consumption continues to indicate a abrupt descent. Sugar-manufacturing industrial machinery consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Greece

In value terms, sugar-manufacturing industrial machinery production stood at less than $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with a decrease of 99.9% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Greece

In 2022, after two years of growth, there was significant decline in overseas shipments of industrial machinery for the manufacture or preparation of sugar, when their volume decreased by -47.5% to X units. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 9,367%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports dropped markedly to $X in 2022. In general, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 8,108%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for sugar-manufacturing industrial machinery exports from Greece, accounting for a 77% share of total exports. Moreover, sugar-manufacturing industrial machinery exports to the United Arab Emirates exceeded the volume sent to the second major destination, Cyprus (X units), ninefold. Albania (X units) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (0.0% per year) and Albania (-3.4% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for industrial machinery for the manufacture or preparation of sugar exports from Greece, comprising 65% of total exports. The second position in the ranking was held by Cyprus ($X), with a 13% share of total exports. It was followed by the UK, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (0.0% per year) and the UK (+22.3% per year).

Export Prices by Country

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, with a decrease of -54.5% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2015 an increase of 185%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Albania ($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 Nigeria (+380.8%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Greece

In 2022, imports of industrial machinery for the manufacture or preparation of sugar into Greece surged to X units, growing by 88% against the year before. In general, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 1,625% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 2,053%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Bulgaria (X units) constituted the largest supplier of sugar-manufacturing industrial machinery to Greece, accounting for a 53% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Lebanon (X units), threefold. The third position in this ranking was held by Turkey (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria amounted to +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (0.0% per year) and Turkey (-8.3% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Greece, comprising 52% of total imports. The second position in the ranking was taken by the UK ($X), with a 19% share of total imports. It was followed by Turkey, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Bulgaria stood at +63.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-5.8% per year) and Turkey (+5.7% per year).

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, jumping by 234% against the previous year. Overall, the import price posted a strong expansion. The growth pace was the most rapid in 2015 when the average import price increased by 564% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat 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 Italy ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+252.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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