Greece: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Greece

In 2021, after three years of growth, there was decline in the Greek market for equipment for scaffolding, shuttering, propping or pit propping, when its value decreased by -0.2% to $X. Overall, consumption posted a significant increase. Scaffolding, shuttering, and propping equipment consumption peaked at $X in 2020, and then dropped in the following year.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Greece

In value terms, scaffolding, shuttering, and propping equipment production dropped to $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 219%. Scaffolding, shuttering, and propping equipment production peaked at $X in 2020, and then declined modestly in the following year.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Greece

In 2021, shipments abroad of equipment for scaffolding, shuttering, propping or pit propping decreased by -14.3% to X tons, falling for the second consecutive year after four years of growth. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 98%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports shrank to $X in 2021. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2016 with an increase of 160%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Greece, with a 27% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to Cyprus exceeded the volume sent to the second major destination, Albania (X tons), twofold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Cyprus totaled +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (-11.5% per year) and Bosnia and Herzegovina (+57.7% per year).

In value terms, Cyprus ($X) remains the key foreign market for equipment for scaffolding, shuttering, propping or pit propping exports from Greece, comprising 45% of total exports. The second position in the ranking was held by North Macedonia ($X), with an 8.2% share of total exports. It was followed by Bosnia and Herzegovina, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus amounted to +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+29.5% per year) and Bosnia and Herzegovina (+126.3% per year).

Export Prices by Country

In 2021, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, growing by 10% against the previous year. In general, the export price, however, saw a slight descent. The pace of growth was the most pronounced in 2014 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+43.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Greece

In 2021, after two years of growth, there was decline in supplies from abroad of equipment for scaffolding, shuttering, propping or pit propping, when their volume decreased by -2% to X tons. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +27.6% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by 63%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +96.6% against 2015 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 33% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Italy (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to Greece, together accounting for 60% of total imports. The Netherlands, China, Turkey, Bulgaria, Austria and Poland lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +167.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and South Korea ($X) appeared to be the largest scaffolding, shuttering, and propping equipment suppliers to Greece, together accounting for 65% of total imports. These countries were followed by the Netherlands, China, Turkey, Bulgaria, Austria and Poland, which together accounted for a further 26%.

The Netherlands, with a CAGR of +155.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, rising by 30% against the previous year. In general, the import price, however, showed a pronounced descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :