Greece: Metal Cutting Shear Market 2025

Metal Cutting Shear Market Size in Greece

In 2022, the Greek metal cutting shear market increased by 39% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted buoyant growth. Metal cutting shear consumption peaked in 2022 and is likely to continue growth in the immediate term.

Metal Cutting Shear Exports

Exports from Greece

Metal cutting shear exports from Greece fell significantly to X tons in 2022, waning by -35.3% on 2021 figures. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 14,619%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell notably in the following year.

In value terms, metal cutting shear exports contracted sharply to $X in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2015 when exports increased by 7,988% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Cyprus (X tons) was the main destination for metal cutting shear exports from Greece, accounting for a 47% share of total exports. Moreover, metal cutting shear exports to Cyprus exceeded the volume sent to the second major destination, Italy (X kg), twofold. Romania (X kg) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus amounted to +81.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+103.9% per year) and Romania (+59.5% per year).

In value terms, the largest markets for metal cutting shear exported from Greece were Italy ($X), Cyprus ($X) and Romania ($X), together comprising 70% of total exports.

Among the main countries of destination, Italy, with a CAGR of +122.5%, saw 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 metal cutting shear export price stood at $X per ton in 2022, rising by 8.4% against the previous year. Overall, the export price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 68% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Cutting Shear Imports

Imports into Greece

In 2022, purchases abroad of metal cutting shears and similar hand tools increased by 17% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 55% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, metal cutting shear imports soared to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by 97% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Austria (X tons) and Belgium (X tons) were the main suppliers of metal cutting shear imports to Greece, with a combined 57% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +68.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal cutting shear suppliers to Greece were Germany ($X), Belgium ($X) and Japan ($X), together comprising 59% of total imports. Italy, Austria, China, Taiwan (Chinese), Bulgaria and Spain lagged somewhat behind, together comprising a further 35%.

Austria, with a CAGR of +53.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal cutting shear import price amounted to $X per ton, with an increase of 15% against the previous year. Overall, the import price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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