Greece: Invalid Carriage Market 2025

Invalid Carriage Market Size in Greece

In 2022, the Greek invalid carriage market increased by 14% to $X, rising for the second year in a row after three years of decline. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.5% against 2020 indices. Invalid carriage consumption peaked in 2022 and is likely to see steady growth in the near future.

Invalid Carriage Production in Greece

In value terms, invalid carriage production reduced to $X in 2022 estimated in export price. In general, production recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by 37%. Invalid carriage production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Invalid Carriage Exports

Exports from Greece

In 2022, shipments abroad of invalid carriages not mechanically propelled decreased by -38.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 325% against the previous year. As a result, the exports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, invalid carriage exports dropped to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 416% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Bulgaria (X units), North Macedonia (X units) and Albania (X units) were the main destinations of invalid carriage exports from Greece, with a combined 64% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +134.1%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) emerged as the key foreign market for invalid carriages not mechanically propelled exports from Greece, comprising 26% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 12% share of total exports. It was followed by Albania, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria stood at +136.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+38.2% per year) and Albania (+96.0% per year).

Export Prices by Country

In 2022, the average invalid carriage export price amounted to $X per unit, increasing by 61% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2016 when the average export price increased by 193%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the 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 Slovakia ($X per unit), while the average price for exports to Cyprus ($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 Georgia (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Invalid Carriage Imports

Imports into Greece

In 2022, imports of invalid carriages not mechanically propelled into Greece soared to X units, increasing by 23% on the previous year. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 71% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, invalid carriage imports soared to $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of invalid carriage to Greece, accounting for a 80% share of total imports. Moreover, invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.0% per year) and Germany (+17.9% per year).

In value terms, China ($X) constituted the largest supplier of invalid carriages not mechanically propelled to Greece, comprising 66% of total imports. The second position in the ranking was held by Spain ($X), with a 6.1% share of total imports. It was followed by Italy, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+74.2% per year) and Italy (+4.5% per year).

Import Prices by Country

In 2022, the average invalid carriage import price amounted to $X per unit, which is down by -4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2021 when the average import price increased by 25%. As a result, import price reached the peak level of $X per unit, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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