Greece: Electroplating Machine Market 2024

Electroplating Machine Market Size in Greece

The Greek electroplating machine market soared to $X in 2021, growing by 229% 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 posted a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electroplating Machine Exports

Exports from Greece

In 2021, shipments abroad of machines for electroplating, electrolysis or electrophoresis increased by 30% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2014 with an increase of 3,377% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electroplating machine exports skyrocketed to $X in 2021. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,618%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X units), Sweden (X units) and the Netherlands (X units) were the main destinations of electroplating machine exports from Greece, with a combined 54% share of total exports. These countries were followed by South Korea, Romania, Croatia, Libya and Bulgaria, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +101.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and Italy ($X) constituted the largest markets for electroplating machine exported from Greece worldwide, with a combined 55% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +42.9%, 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 electroplating machine export price stood at $X per unit in 2021, growing by 18% against the previous year. Overall, the export price showed a resilient increase. The growth pace was the most rapid in 2013 when the average export price increased by 2,008% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Bulgaria ($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 Spain (+68.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Greece

In 2021, electroplating machine imports into Greece soared to X units, rising by 257% compared with the previous year's figure. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electroplating machine imports skyrocketed to $X in 2021. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 209%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of electroplating machine to Greece, accounting for a 75% share of total imports. Moreover, electroplating machine imports from Italy exceeded the figures recorded by the second-largest supplier, Hungary (X units), sevenfold. Spain (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +46.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+598.4% per year) and Spain (+226.8% per year).

In value terms, Italy ($X) constituted the largest supplier of electroplating machine to Greece, comprising 60% of total imports. The second position in the ranking was taken by Hungary ($X), with an 18% share of total imports. It was followed by Spain, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+653.5% per year) and Spain (+156.6% per year).

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, declining by -20.3% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 48% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+41.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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