Greece: Interchangeable Spanner Socket Market 2025

Interchangeable Spanner Socket Market Size in Greece

The Greek interchangeable spanner socket market skyrocketed to $X in 2022, picking up by 18% 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). In general, consumption enjoyed a resilient expansion. Interchangeable spanner socket consumption peaked in 2022 and is expected to retain growth in the immediate term.

Interchangeable Spanner Socket Exports

Exports from Greece

In 2022, overseas shipments of interchangeable spanner sockets increased by 85% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 1,214%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, interchangeable spanner socket exports soared to $X in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 639%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons) was the main destination for interchangeable spanner socket exports from Greece, accounting for a 58% share of total exports. Moreover, interchangeable spanner socket exports to Italy exceeded the volume sent to the second major destination, Hungary (X tons), eightfold. The third position in this ranking was held by Belgium (X tons), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +300.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+196.0% per year) and Belgium (-1.9% per year).

In value terms, Italy ($X) remains the key foreign market for interchangeable spanner sockets exports from Greece, comprising 51% of total exports. The second position in the ranking was held by Cyprus ($X), with a 9.4% share of total exports. It was followed by Hungary, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +344.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+24.6% per year) and Hungary (+278.5% per year).

Export Prices by Country

In 2022, the average interchangeable spanner socket export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 48%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Malta ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into Greece

For the third consecutive year, Greece recorded growth in purchases abroad of interchangeable spanner sockets, which increased by 21% to X tons in 2022. Overall, imports posted a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 111% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, interchangeable spanner socket imports soared to $X in 2022. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2014 with an increase of 88% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of interchangeable spanner socket imports to Greece, together accounting for 58% of total imports. Poland, Germany, Austria, Taiwan (Chinese) and France lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +83.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest interchangeable spanner socket suppliers to Greece were Germany ($X), Belgium ($X) and Austria ($X), together accounting for 50% of total imports. China, France, the Netherlands, Taiwan (Chinese) and Poland lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Poland, with a CAGR of +72.7%, recorded 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

The average interchangeable spanner socket import price stood at $X per ton in 2022, picking up by 2% against the previous year. In general, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of 29% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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 France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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