Greece: Injection-Moulding Machine Market 2024

Injection-Moulding Machine Market Size in Greece

The Greek injection-moulding machine market rose remarkably to $X in 2022, with an increase of 11% against the previous year. In general, consumption posted a buoyant increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Injection-Moulding Machine Production in Greece

In value terms, injection-moulding machine production rose rapidly to $X in 2022 estimated in export price. Overall, production showed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Injection-Moulding Machine Exports

Exports from Greece

In 2022, injection-moulding machine exports from Greece surged to X units, growing by 320% on the previous year. Overall, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, injection-moulding machine exports declined sharply to $X in 2022. Over the period under review, exports recorded a pronounced expansion. The growth pace was the most rapid in 2021 with an increase of 16,839%. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

The UK (X units), North Macedonia (X units) and Turkey (X units) were the main destinations of injection-moulding machine exports from Greece, together accounting for 86% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +200.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for injection-moulding machines for working rubber or plastics exports from Greece, comprising 38% of total exports. The second position in the ranking was held by Turkey ($X), with a 19% share of total exports. It was followed by Italy, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +1,053.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+7.4% per year) and Italy (0.0% per year).

Export Prices by Country

In 2022, the average injection-moulding machine export price amounted to $X per unit, waning by -96.3% against the previous year. Overall, the export price recorded a pronounced downturn. The growth pace was the most rapid in 2021 an increase of 16,839% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to North Macedonia ($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 Australia (+299.1%), while the prices for the other major destinations experienced more modest paces of growth.

Injection-Moulding Machine Imports

Imports into Greece

In 2022, after two years of growth, there was significant decline in purchases abroad of injection-moulding machines for working rubber or plastics, when their volume decreased by -15.6% to X units. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 101%. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted significantly in the following year.

In value terms, injection-moulding machine imports reached $X in 2022. Overall, imports, however, recorded a measured increase. The pace of growth appeared the most rapid in 2021 when imports increased by 101% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest injection-moulding machine supplier to Greece, accounting for a 46% share of total imports. Moreover, injection-moulding machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Austria (X units) ranked third in terms of total imports with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+53.4% per year) and Austria (+8.0% per year).

In value terms, the largest injection-moulding machine suppliers to Greece were Austria ($X), Italy ($X) and China ($X), together comprising 70% of total imports.

Among the main suppliers, Italy, with a CAGR of +119.7%, saw the highest growth rate of the value of imports, 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 injection-moulding machine import price amounted to $X per unit, with an increase of 22% against the previous year. In general, the import price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2018 an increase of 75%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+835.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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