Greece: Metal Gas Appliances Market 2025

Metal Gas Appliances Market Size in Greece

In 2022, after two years of growth, there was significant decline in the Greek metal gas appliances market, when its value decreased by -27.1% to $X. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Metal Gas Appliances Production in Greece

In value terms, metal gas appliances production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -24.3% against 2019 indices. The growth pace was the most rapid in 2014 when the production volume increased by 73%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Metal Gas Appliances Exports

Exports from Greece

In 2022, after two years of decline, there was significant growth in shipments abroad of iron or steel gas domestic appliances, when their volume increased by 119% to X units. In general, exports recorded buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 208% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal gas appliances exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), Albania (X units) and Bulgaria (X units) were the main destinations of metal gas appliances exports from Greece, with a combined 88% share of total exports. Cyprus, Poland, Serbia and Germany lagged somewhat behind, together accounting for a further 9.9%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +62.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Albania ($X) and Bulgaria ($X) constituted the largest markets for metal gas appliances exported from Greece worldwide, together comprising 73% of total exports. Cyprus, Serbia, Germany and Poland lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Germany, with a CAGR of +61.0%, saw 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

The average metal gas appliances export price stood at $X per unit in 2022, jumping by 15% against the previous year. In general, the export price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2018 an increase of 38% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Poland ($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 Cyprus (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Gas Appliances Imports

Imports into Greece

In 2022, purchases abroad of iron or steel gas domestic appliances decreased by -3.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a mild downturn. The pace of growth was the most pronounced in 2018 with an increase of 118%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, metal gas appliances imports soared to $X in 2022. Over the period under review, imports, however, saw a perceptible increase. The growth pace was the most rapid in 2021 when imports increased by 88% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest metal gas appliances supplier to Greece, accounting for a 83% share of total imports. Moreover, metal gas appliances imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), tenfold. The third position in this ranking was held by Bulgaria (X units), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.2% per year) and Bulgaria (+24.9% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Greece, comprising 87% of total imports. The second position in the ranking was held by Italy ($X), with a 6.2% share of total imports. It was followed by Turkey, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.6% per year) and Turkey (-10.5% per year).

Import Prices by Country

The average metal gas appliances import price stood at $X per unit in 2022, rising by 54% against the previous year. Overall, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 69% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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