Greece: Lift And Hoist Market 2024

Lift And Hoist Market Size in Greece

The Greek lift and hoist market expanded significantly to $X in 2022, picking up by 13% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Lift And Hoist Production in Greece

In value terms, lift and hoist production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a significant expansion. The growth pace was the most rapid in 2014 when the production volume increased by 528%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Lift And Hoist Exports

Exports from Greece

In 2022, after five years of growth, there was significant decline in overseas shipments of lifts and hoists, when their volume decreased by -17.3% to X units. In general, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 27%. The exports peaked at X units in 2021, and then fell markedly in the following year.

In value terms, lift and hoist exports declined to $X in 2022. The total export value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 27%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

Russia (X units), Germany (X units) and the UK (X units) were the main destinations of lift and hoist exports from Greece, together comprising 32% of total exports. Belgium, Sweden, Hungary, Norway, Romania, France, Australia, Ireland, Israel and Cyprus lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +24.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lift and hoist exported from Greece were Russia ($X), Germany ($X) and the UK ($X), together comprising 32% of total exports. Belgium, Sweden, Hungary, Norway, Romania, France, Australia, Ireland, Israel and Cyprus lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, Norway, with a CAGR of +21.4%, saw the highest growth rate of 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

In 2022, the average lift and hoist export price amounted to $X per unit, increasing by 12% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of 13%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per unit) and Australia ($X per unit), while the average price for exports to Israel ($X per unit) and Ireland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-2.2%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into Greece

In 2022, approx. X units of lifts and hoists were imported into Greece; with a decrease of -31.7% against 2021 figures. Overall, imports, however, posted a tangible increase. The pace of growth was the most pronounced in 2021 when imports increased by 73%. As a result, imports attained the peak of X units, and then shrank sharply in the following year.

In value terms, lift and hoist imports fell remarkably to $X in 2022. In general, imports, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2018 with an increase of 74%. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of lift and hoist to Greece, with a 49% share of total imports. Moreover, lift and hoist imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. Austria (X units) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.8% per year) and Austria (+14.9% per year).

In value terms, Italy ($X) constituted the largest supplier of lifts and hoists to Greece, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 9.5% share of total imports. It was followed by Germany, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.8% per year) and Germany (-7.0% per year).

Import Prices by Country

The average lift and hoist import price stood at $X per unit in 2022, shrinking by -4.3% against the previous year. In general, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 an increase of 8% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per unit) and Turkey ($X per unit), while the price for Spain ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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