Greece: Working Wire Machine Market 2024

Working Wire Machine Market Size in Greece

In 2021, the Greek working wire machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a noticeable decrease. Working wire machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Working Wire Machine Production in Greece

In value terms, working wire machine production amounted to $X in 2021 estimated in export price. In general, production recorded a slight descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 11% against the previous year. Working wire machine production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Working Wire Machine Exports

Exports from Greece

In 2021, after four years of growth, there was significant decline in overseas shipments of machines for working wire, when their volume decreased by -11% to X units. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 143% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then shrank in the following year.

In value terms, working wire machine exports reached $X in 2021. In general, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.7% against 2018 indices. The pace of growth was the most pronounced in 2017 when exports increased by 72%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units), Albania (X units) and the United States (X units) were the main destinations of working wire machine exports from Greece, with a combined 71% share of total exports. These countries were followed by Iraq, Japan, Ecuador and Qatar, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +58.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for working wire machine exported from Greece were the United States ($X), Germany ($X) and Japan ($X), with a combined 73% share of total exports.

Japan, with a CAGR of +154.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average working wire machine export price amounted to $X per unit, surging by 13% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 65%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Albania ($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 Japan (+60.1%), while the prices for the other major destinations experienced mixed trend patterns.

Working Wire Machine Imports

Imports into Greece

For the fourth consecutive year, Greece recorded growth in overseas purchases of machines for working wire, which increased by 72% to X units in 2021. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 325% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, working wire machine imports soared to $X in 2021. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 522%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest working wire machine supplier to Greece, with a 48% share of total imports. Moreover, working wire machine imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), threefold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (0.0% per year) and the United Arab Emirates (0.0% per year).

In value terms, the largest working wire machine suppliers to Greece were China ($X), the United Arab Emirates ($X) and India ($X), together comprising 97% of total imports.

Among the main suppliers, China, with a CAGR of +29.2%, recorded 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 working wire machine import price stood at $X per unit in 2021, rising by 9.1% against the previous year. Over the period under review, the import price posted a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 158% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+23.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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