Greece: Market for Lifts, Elevators, Moving Stairways and Draglines 2025

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Greece

The Greek market for lifts, elevators, moving stairways and draglines skyrocketed to $X in 2022, jumping by 16% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Lift, elevator, stairway and dragline consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Lifts, Elevators, Moving Stairways and Draglines in Greece

In value terms, lift, elevator, stairway and dragline production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 528%. Lift, elevator, stairway and dragline production peaked in 2022 and is expected to retain growth in years to come.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Greece

After five years of growth, shipments abroad of lifts, elevators, moving stairways and draglines decreased by -17.2% to X units in 2022. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 26%. The exports peaked at X units in 2021, and then reduced rapidly in the following year.

In value terms, lift, elevator, stairway and dragline exports contracted to $X in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +24.2%), while the other leaders experienced more modest paces of growth.

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

In terms of the main countries of destination, Norway, with a CAGR of +21.4%, recorded 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

The average export price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, rising by 12% against the previous year. Over the period under review, the export price, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 14%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas 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 Cyprus ($X per unit) and Israel ($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.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Greece

Lift, elevator, stairway and dragline imports into Greece declined dramatically to X units in 2022, falling by -29.2% against 2021 figures. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 69%. As a result, imports reached the peak of X units, and then shrank remarkably in the following year.

In value terms, lift, elevator, stairway and dragline imports stood at $X in 2022. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 88% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of lift, elevator, stairway and dragline imports to Greece, with a combined 63% share of total imports. Romania, Austria, Turkey, Spain, Mexico, the UK and the Netherlands lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +48.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and China ($X) appeared to be the largest lift, elevator, stairway and dragline suppliers to Greece, with a combined 74% share of total imports. Spain, Turkey, Austria, Romania, the Netherlands, the UK and Mexico lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Mexico, with a CAGR of +436.4%, saw the highest growth rate of 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

In 2022, the average import price for lifts, elevators, moving stairways and draglines amounted to $X per unit, with an increase of 43% against the previous year. Overall, the import price, however, recorded a perceptible slump. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+376.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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