Greece: Magnetic Media Market 2024

Magnetic Media Market Size in Greece

In 2021, the Greek magnetic media market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, saw a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Magnetic Media Production in Greece

In value terms, magnetic media production surged to $X in 2021 estimated in export price. In general, production, however, saw a abrupt shrinkage. Magnetic media production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Magnetic Media Exports

Exports from Greece

In 2021, overseas shipments of magnetic media, not recorded, except cards with a magnetic stripe increased by 101% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a abrupt setback. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, magnetic media exports soared to $X in 2021. Overall, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 72%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), Cyprus (X units) and the Netherlands (X units) were the main destinations of magnetic media exports from Greece, with a combined 76% 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 the Netherlands (with a CAGR of +26.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for magnetic media exported from Greece were the United States ($X), Cyprus ($X) and the UK ($X), together comprising 75% of total exports. These countries were followed by the Netherlands, Bulgaria, Germany, France, Romania, Croatia and Slovenia, which together accounted for a further 20%.

The Netherlands, with a CAGR of +16.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average magnetic media export price amounted to $X per unit, declining by -37.3% against the previous year. In general, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 an increase of 39%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to the Netherlands ($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 Croatia (+0.2%), while the prices for the other major destinations experienced mixed trend patterns.

Magnetic Media Imports

Imports into Greece

In 2021, purchases abroad of magnetic media, not recorded, except cards with a magnetic stripe was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a deep reduction. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, magnetic media imports reduced modestly to $X in 2021. Overall, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 54%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest magnetic media supplier to Greece, accounting for a 63% share of total imports. Moreover, magnetic media imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by France (X units), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.5% per year) and France (+2.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of magnetic media, not recorded, except cards with a magnetic stripe to Greece, comprising 57% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Spain, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.3% per year) and Spain (+4.3% per year).

Import Prices by Country

The average magnetic media import price stood at $X per unit in 2021, with a decrease of -40.9% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 87% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat 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 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 China (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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