Greece: Loading Machinery Market 2025

Loading Machinery Market Size in Greece

The Greek loading machinery market skyrocketed to $X in 2022, growing by 1,492% against the previous year. Overall, consumption, however, showed a abrupt shrinkage. Loading machinery consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Loading Machinery Production in Greece

In value terms, loading machinery production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 693% against the previous year. Over the period under review, production attained the peak level at $X in 2021, and then dropped slightly in the following year.

Loading Machinery Exports

Exports from Greece

In 2022, loading machinery exports from Greece skyrocketed to X units, increasing by 147% on 2021 figures. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, loading machinery exports surged to $X in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2017 with an increase of 181% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Turkey (X units), Mexico (X units) and Iraq (X units) were the main destinations of loading machinery exports from Greece, with a combined 46% 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 Turkey (with a CAGR of +77.3%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Turkey ($X) and Austria ($X) appeared to be the largest markets for loading machinery exported from Greece worldwide, with a combined 51% share of total exports.

Austria, with a CAGR of +100.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average loading machinery export price amounted to $X per unit, growing by 5.1% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loading machinery export price increased by +16.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 32%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Italy ($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 the Czech Republic (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Loading Machinery Imports

Imports into Greece

In 2022, supplies from abroad of lifting, handling, loading or unloading machinery decreased by -11.1% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 200%. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, loading machinery imports shrank remarkably to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 148%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of loading machinery imports to Greece, with a combined 56% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +83.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Bulgaria ($X) appeared to be the largest loading machinery suppliers to Greece, together accounting for 47% of total imports. These countries were followed by France, the Netherlands, the UK, China, Belgium, Spain and Luxembourg, which together accounted for a further 39%.

Among the main suppliers, Belgium, with a CAGR of +96.3%, recorded the highest rates of growth with regard to 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 loading machinery import price stood at $X per unit in 2022, reducing by -15.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 69% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average 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 Luxembourg ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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