Greece: Memories Market 2024

Memories Market Size in Greece

In 2021, the Greek memories market increased by 15% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Memories Exports

Exports from Greece

In 2021, overseas shipments of multichip integrated circuits: memories were finally on the rise to reach X units after two years of decline. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 213% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, memories exports surged to $X in 2021. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2016 with an increase of 398% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Bulgaria (X units) was the main destination for memories exports from Greece, with a 63% share of total exports. Moreover, memories exports to Bulgaria exceeded the volume sent to the second major destination, Cyprus (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+11.1% per year) and Germany (+11.3% per year).

In value terms, the largest markets for memories exported from Greece were Bulgaria ($X), Cyprus ($X) and Germany ($X), with a combined 99% share of total exports.

Among the main countries of destination, Bulgaria, with a CAGR of +60.5%, 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

In 2021, the average memories export price amounted to $X per unit, surging by 80% against the previous year. Overall, the export price showed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 397% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Malta ($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 Bulgaria (+50.6%), while the prices for the other major destinations experienced more modest paces of growth.

Memories Imports

Imports into Greece

In 2021, supplies from abroad of multichip integrated circuits: memories was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 28%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, memories imports surged to $X in 2021. In general, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 59% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and Cyprus (X units) were the main suppliers of memories imports to Greece, with a combined 65% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cyprus (with a CAGR of +93.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Cyprus ($X) and the Netherlands ($X) were the largest memories suppliers to Greece, together comprising 69% of total imports. Bulgaria, the Czech Republic, Poland, France, Italy and the UK lagged somewhat behind, together comprising a further 18%.

The Czech Republic, with a CAGR of +55.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average memories import price stood at $X per unit in 2021, with an increase of 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.9%. The pace of growth was the most pronounced in 2014 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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 Italy ($X per unit), while the price for France ($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 (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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