Greece: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Greece

In 2021, after two years of decline, there was significant growth in the Greek machine-tool for working wood market, when its value increased by 25% to $X. In general, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Wood in Greece

In value terms, machine-tool for working wood production soared to $X in 2021 estimated in export price. In general, production, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by 41% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Wood

Exports from Greece

In 2021, shipments abroad of machine-tools for working wood was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2013 with an increase of 90%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine-tool for working wood exports contracted to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Albania (X tons), Egypt (X tons) and Spain (X tons) were the main destinations of machine-tool for working wood exports from Greece, together comprising 56% of total exports. These countries were followed by Serbia, Turkey, Cyprus, North Macedonia, Romania and Bulgaria, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +20.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working wood exported from Greece were Spain ($X), Turkey ($X) and Cyprus ($X), with a combined 62% share of total exports. These countries were followed by Albania, Serbia, North Macedonia, Egypt, Romania and Bulgaria, which together accounted for a further 20%.

Among the main countries of destination, Serbia, with a CAGR of +27.9%, 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 machine-tool for working wood export price stood at $X per ton in 2021, which is down by -11.8% against the previous year. In general, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 44% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Greece

In 2021, the amount of machine-tools for working wood imported into Greece surged to X tons, jumping by 35% compared with 2020. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 50%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, machine-tool for working wood imports soared to $X in 2021. In general, imports showed pronounced growth. The growth pace was the most rapid in 2014 when imports increased by 76% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), China (X tons) and Austria (X tons) were the main suppliers of machine-tool for working wood imports to Greece, with a combined 69% share of total imports. These countries were followed by Germany, Belgium, Sweden and Switzerland, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +87.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machine-tools for working wood to Greece, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Germany, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.1% per year) and Germany (-9.1% per year).

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, declining by -5.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 27%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :