Greece: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Greece

The Greek non-numerically controlled drilling machine market skyrocketed to $X in 2021, surging by 35% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Non-numerically controlled drilling machine consumption peaked in 2021 and is likely to see gradual growth in the near future.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Greece

In value terms, non-numerically controlled drilling machine production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the production volume increased by 101%. Non-numerically controlled drilling machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Greece

Non-numerically controlled drilling machine exports from Greece dropped to X tons in 2021, waning by -2.9% against the previous year's figure. In general, exports showed a significant decline. The pace of growth was the most pronounced in 2015 when exports increased by 987%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-numerically controlled drilling machine exports surged to $X in 2021. Over the period under review, exports saw a precipitous contraction. The pace of growth was the most pronounced in 2015 when exports increased by 504% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for non-numerically controlled drilling machine exports from Greece, with a 50% share of total exports. Moreover, non-numerically controlled drilling machine exports to Slovakia exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+44.7% per year) and the UK (+38.3% per year).

In value terms, Slovakia ($X), the UK ($X) and Poland ($X) appeared to be the largest markets for non-numerically controlled drilling machine exported from Greece worldwide, with a combined 79% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +41.8%, saw 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-numerically controlled drilling machine export price stood at $X per ton in 2021, increasing by 26% against the previous year. Overall, the export price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 an increase of 66%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+59.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Greece

In 2021, after three years of decline, there was significant growth in purchases abroad of non-numerically controlled drilling machines for working metal, when their volume increased by 60% to X tons. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 272%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, non-numerically controlled drilling machine imports surged to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-numerically controlled drilling machine to Greece, with a 64% share of total imports. Moreover, non-numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.2% per year) and Germany (-1.8% per year).

In value terms, Italy ($X), China ($X) and Germany ($X) were the largest non-numerically controlled drilling machine suppliers to Greece, together comprising 86% of total imports.

China, with a CAGR of +29.7%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average non-numerically controlled drilling machine import price amounted to $X per ton, with an increase of 42% against the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 63%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+22.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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