Greece: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Greece

The Greek filling containers machinery market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption posted strong growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Filling Containers Machinery Exports

Exports from Greece

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers exported from Greece contracted sharply to X units, reducing by -60.4% against the previous year. Over the period under review, exports, however, showed perceptible growth. The pace of growth was the most pronounced in 2018 with an increase of 649%. Over the period under review, the exports hit record highs at X units in 2020, and then shrank notably in the following year.

In value terms, filling containers machinery exports fell markedly to $X in 2021. In general, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 107% against the previous year. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

Israel (X units), Saudi Arabia (X units) and Italy (X units) were the main destinations of filling containers machinery exports from Greece, with a combined 62% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +813.2%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) emerged as the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Greece, comprising 54% of total exports. The second position in the ranking was held by the United States ($X), with a 7.5% share of total exports. It was followed by Saudi Arabia, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Israel amounted to +117.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.2% per year) and Saudi Arabia (+276.2% per year).

Export Prices by Country

In 2021, the average filling containers machinery export price amounted to $X per unit, picking up by 2.8% against the previous year. Overall, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 1,149%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the average price for exports to Albania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Greece

In 2021, after three years of decline, there was significant growth in overseas purchases of machinery for filling, closing, sealing, capsuling or labelling containers, when their volume increased by 75% to X units. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 152%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, filling containers machinery imports soared to $X in 2021. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 119% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of filling containers machinery imports to Greece, with a combined 71% share of total imports. France, Bulgaria and Spain lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +58.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest filling containers machinery suppliers to Greece were Italy ($X), Germany ($X) and France ($X), together accounting for 69% of total imports.

In terms of the main suppliers, France, with a CAGR of +58.4%, 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

In 2021, the average filling containers machinery import price amounted to $X per unit, shrinking by -6.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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