Greece: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Greece

In 2022, the Greek market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption continues to indicate a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Greece

In value terms, production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids fell to $X in 2022 estimated in export price. In general, production saw a precipitous setback. The most prominent rate of growth was recorded in 2014 with an increase of 5.8%. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from Greece

In 2022, approx. X units of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids were exported from Greece; increasing by 15% compared with 2021. Overall, exports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2021 with an increase of 86% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2016 when exports increased by 131%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

North Macedonia (X units) was the main destination for exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Greece, with a 61% share of total exports. Moreover, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to North Macedonia exceeded the volume sent to the second major destination, Cyprus (X units), twofold. The third position in this ranking was held by Albania (X units), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume to North Macedonia totaled +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+18.7% per year) and Albania (+3.2% per year).

In value terms, Italy ($X) emerged as the key foreign market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exports from Greece, comprising 47% of total exports. The second position in the ranking was held by Turkey ($X), with a 10% share of total exports. It was followed by Cyprus, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-11.2% per year) and Cyprus (+19.9% per year).

Export Prices by Country

The average export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, picking up by 91% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 148% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+259.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into Greece

In 2022, purchases abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by 29,804% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids skyrocketed to $X in 2022. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 91%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Spain (X units) constituted the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids supplier to Greece, accounting for a 54% share of total imports. Moreover, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. China (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +358.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.1% per year) and China (+15.9% per year).

In value terms, Germany ($X), Italy ($X) and Turkey ($X) appeared to be the largest machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids suppliers to Greece, with a combined 45% share of total imports. China, Spain and Serbia lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, Spain, with a CAGR of +74.2%, 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

In 2022, the average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids amounted to $X per unit, reducing by -31.8% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15,543% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+687.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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