Greece: Machine-Tool For Drilling Market 2025

Machine-Tool For Drilling Market Size in Greece

The Greek machine-tool for drilling market shrank markedly to $X in 2022, with a decrease of -30.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted significant growth. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Machine-Tool For Drilling Exports

Exports from Greece

In 2022, exports of machine-tools for drilling, boring or milling metal from Greece surged to X units, rising by 2,145% compared with 2021. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for drilling exports contracted remarkably to $X in 2022. Overall, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 4,129% against the previous year. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Spain (X units) was the main destination for machine-tool for drilling exports from Greece, with a 64% share of total exports. Moreover, machine-tool for drilling exports to Spain exceeded the volume sent to the second major destination, Italy (X units), twofold. Estonia (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+40.6% per year) and Estonia (0.0% per year).

In value terms, Italy ($X) remains the key foreign market for machine-tools for drilling, boring or milling metal exports from Greece, comprising 4.2% of total exports. The second position in the ranking was taken by Spain ($X), with a 1% share of total exports. It was followed by Cyprus, with a 0.3% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and Cyprus (-28.0% per year).

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, waning by -96.6% against the previous year. In general, the export price faced a abrupt contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 565%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Estonia ($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 (-6.2%).

Machine-Tool For Drilling Imports

Imports into Greece

In 2022, machine-tool for drilling imports into Greece dropped sharply to X units, declining by -21.7% on 2021 figures. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2013 when imports increased by 469%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, machine-tool for drilling imports reduced to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 203%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machine-tool for drilling to Greece, accounting for a 83% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. Bulgaria (X units) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +54.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.9% per year) and Bulgaria (+12.7% per year).

In value terms, Bulgaria ($X), China ($X) and Germany ($X) constituted the largest machine-tool for drilling suppliers to Greece, together accounting for 61% of total imports.

Among the main suppliers, Bulgaria, with a CAGR of +18.8%, 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

The average machine-tool for drilling import price stood at $X per unit in 2022, surging by 17% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 422% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Bulgaria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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