Greece: Network Communications Equipment Market 2025

Network Communications Equipment Market Size in Greece

The Greek network communications equipment market rose modestly to $X in 2022, growing by 2% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Network communications equipment consumption peaked in 2022 and is likely to see steady growth in years to come.

Network Communications Equipment Production in Greece

In value terms, network communications equipment production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 27% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Network Communications Equipment Exports

Exports from Greece

In 2022, network communications equipment exports from Greece reduced notably to X units, waning by -58.1% compared with 2021 figures. Over the period under review, exports, however, posted a modest increase. The growth pace was the most rapid in 2021 with an increase of 100% against the previous year. As a result, the exports attained the peak of X units, and then reduced markedly in the following year.

In value terms, network communications equipment exports reduced dramatically to $X in 2022. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 122% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X units), Romania (X units) and the United Arab Emirates (X units) were the main destinations of network communications equipment exports from Greece, together comprising 37% of total exports. Singapore, Bulgaria, Slovakia, Cyprus, Germany, the UK, Spain, the Netherlands, Albania and Italy lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +123.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for network communications equipment exported from Greece were the United Arab Emirates ($X), Cyprus ($X) and Singapore ($X), together accounting for 30% of total exports. Poland, Romania, Bulgaria, Germany, Albania, the Netherlands, the UK, Slovakia, Spain and Italy lagged somewhat behind, together accounting for a further 39%.

The UK, with a CAGR of +226.6%, 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

The average network communications equipment export price stood at $X per unit in 2022, picking up by 3.7% against the previous year. In general, the export price, however, showed a deep setback. The growth pace was the most rapid in 2015 an increase of 59% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Slovakia ($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 the UK (+45.9%), while the prices for the other major destinations experienced more modest paces of growth.

Network Communications Equipment Imports

Imports into Greece

For the fourth year in a row, Greece recorded growth in supplies from abroad of network communications equipment, which increased by 0.5% to X units in 2022. In general, imports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, network communications equipment imports fell to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of network communications equipment to Greece, with a 50% share of total imports. Moreover, network communications equipment imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.4% per year) and the Netherlands (-0.9% per year).

In value terms, Germany ($X), the Netherlands ($X) and China ($X) appeared to be the largest network communications equipment suppliers to Greece, with a combined 54% share of total imports. The Czech Republic, Italy, Poland, Belgium, the UK and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Poland, with a CAGR of +132.8%, saw the highest rates of growth with regard to 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 network communications equipment import price amounted to $X per unit, which is down by -3.1% against the previous year. Overall, the import price, however, continues to indicate a modest increase. The growth pace was the most rapid in 2016 when the average import price increased by 58% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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