Greece: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in Greece

In 2021, after two years of growth, there was significant decline in the Greek fruit-preparation industrial machinery market, when its value decreased by -37.8% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then reduced remarkably in the following year.

Fruit-Preparation Industrial Machinery Production in Greece

In value terms, fruit-preparation industrial machinery production fell notably to $X in 2021 estimated in export price. Over the period under review, production faced a deep setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 47%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fruit-Preparation Industrial Machinery Exports

Exports from Greece

In 2021, the amount of industrial machinery for the preparation of fruits, nuts or vegetables exported from Greece shrank remarkably to X units, with a decrease of -53.1% on 2020 figures. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 99%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, fruit-preparation industrial machinery exports shrank markedly to $X in 2021. Overall, exports saw a perceptible decline. The pace of growth appeared the most rapid in 2014 when exports increased by 41% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X units), Israel (X units) and Turkey (X units) were the main destinations of fruit-preparation industrial machinery exports from Greece, with a combined 52% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +20.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fruit-preparation industrial machinery exported from Greece were North Macedonia ($X), Germany ($X) and Bulgaria ($X), with a combined 71% share of total exports. Israel, Turkey, Cyprus, Italy, Saudi Arabia, Austria, Syrian Arab Republic, Albania, the UK and New Caledonia lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, Israel, with a CAGR of +43.3%, recorded the highest rates of growth with regard to 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

In 2021, the average fruit-preparation industrial machinery export price amounted to $X per unit, with an increase of 53% against the previous year. Over the period under review, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 73% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to New Caledonia ($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 Cyprus (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit-Preparation Industrial Machinery Imports

Imports into Greece

In 2021, the amount of industrial machinery for the preparation of fruits, nuts or vegetables imported into Greece reduced sharply to X units, with a decrease of -28.9% on the previous year's figure. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 263% against the previous year. As a result, imports attained the peak of X units, and then fell rapidly in the following year.

In value terms, fruit-preparation industrial machinery imports stood at $X in 2021. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 95% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of fruit-preparation industrial machinery to Greece, accounting for a 50% share of total imports. Moreover, fruit-preparation industrial machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Australia (X units), threefold. Spain (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+66.7% per year) and Spain (+25.5% per year).

In value terms, Italy ($X) constituted the largest supplier of industrial machinery for the preparation of fruits, nuts or vegetables to Greece, comprising 48% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports. It was followed by Spain, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+64.9% per year) and Spain (+5.8% per year).

Import Prices by Country

In 2021, the average fruit-preparation industrial machinery import price amounted to $X per unit, picking up by 54% against the previous year. In general, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 305%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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