Greece: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in Greece

For the fourth consecutive year, the Greek non-domestic dryer market recorded growth in sales value, which increased by 6.8% to $X in 2021. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Non-Domestic Dryer Production in Greece

In value terms, non-domestic dryer production dropped to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 38% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Non-Domestic Dryer Exports

Exports from Greece

In 2021, overseas shipments of non-domestic dryers increased by 22% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 1,919% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-domestic dryer exports expanded notably to $X in 2021. Overall, exports recorded a temperate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,237%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for non-domestic dryer exports from Greece, accounting for a 65% share of total exports. Moreover, non-domestic dryer exports to Germany exceeded the volume sent to the second major destination, Mexico (X units), fourfold. Italy (X units) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +71.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+186.8% per year) and Italy (-25.1% per year).

In value terms, Mexico ($X), Germany ($X) and Albania ($X) constituted the largest markets for non-domestic dryer exported from Greece worldwide, with a combined 78% share of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of +337.6%, recorded the highest rates of growth with regard to 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 non-domestic dryer export price stood at $X per unit in 2021, falling by -11.4% against the previous year. Overall, the export price, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of 538%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Germany ($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 Mexico (+52.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Domestic Dryer Imports

Imports into Greece

In 2021, the amount of non-domestic dryers imported into Greece surged to X units, jumping by 104% against 2020. In general, imports showed a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by 248% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, non-domestic dryer imports soared to $X in 2021. Overall, imports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 111%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest non-domestic dryer supplier to Greece, with a 65% share of total imports. Moreover, non-domestic dryer imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. The third position in this ranking was held by Germany (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +61.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.6% per year) and Germany (-8.4% per year).

In value terms, China ($X) constituted the largest supplier of non-domestic dryers to Greece, comprising 71% of total imports. The second position in the ranking was held by Germany ($X), with a 9.6% share of total imports. It was followed by Italy, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +72.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.3% per year) and Italy (+19.6% per year).

Import Prices by Country

In 2021, the average non-domestic dryer import price amounted to $X per unit, shrinking by -7.2% against the previous year. Overall, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 87%. 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 remained at a lower figure.

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 France ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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