Greece: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Greece

In 2021, the Greek market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels was finally on the rise to reach $X after five years of decline. Over the period under review, consumption, however, saw a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Greece

In value terms, grease fittings and oil seals production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt descent. Grease fittings and oil seals production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Greece

After two years of growth, overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -16.3% to X units in 2021. Overall, exports saw a mild downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 72%. Over the period under review, the exports hit record highs at X units in 2020, and then reduced markedly in the following year.

In value terms, grease fittings and oil seals exports dropped dramatically to $X in 2021. In general, exports saw a slight decrease. The pace of growth was the most pronounced in 2019 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then shrank markedly in the following year.

Exports by Country

The Czech Republic (X units) was the main destination for grease fittings and oil seals exports from Greece, accounting for a 48% share of total exports. Moreover, grease fittings and oil seals exports to the Czech Republic exceeded the volume sent to the second major destination, Bulgaria (X units), twofold. France (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic stood at +79.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+19.6% per year) and France (+91.0% per year).

In value terms, the largest markets for grease fittings and oil seals exported from Greece were the Czech Republic ($X), France ($X) and Bulgaria ($X), with a combined 76% share of total exports.

France, with a CAGR of +93.3%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, with a decrease of -30.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 75% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Hungary ($X per unit), while the average price for exports to the United Arab Emirates ($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 Argentina (+1,423.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Greece

In 2021, approx. X units of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels were imported into Greece; rising by 77% against 2020. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 337%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, grease fittings and oil seals imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 161% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X units), Germany (X units) and Italy (X units) were the main suppliers of grease fittings and oil seals imports to Greece, with a combined 59% share of total imports. These countries were followed by Bulgaria, India, the Netherlands, France, Bangladesh, Belgium, Cyprus, China, the United States and the UK, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +149.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grease fittings and oil seals suppliers to Greece were Spain ($X), Germany ($X) and Italy ($X), with a combined 65% share of total imports. India, the Netherlands, France, Belgium, Bulgaria, Cyprus, the United States, Bangladesh, China and the UK lagged somewhat behind, together comprising a further 25%.

India, with a CAGR of +92.9%, recorded the highest rates of growth with regard to 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 import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, dropping by -29.8% against the previous year. In general, the import price showed a abrupt decline. The growth pace was the most rapid in 2016 when the average import price increased by 134%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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, the country with the highest price was the UK ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :