Greece: Non-Numerically Controlled Lathe Market 2025

Non-Numerically Controlled Lathe Market Size in Greece

The Greek non-numerically controlled lathe market shrank to $X in 2021, declining by -3.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted significant growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Numerically Controlled Lathe Exports

Exports from Greece

In 2021, non-numerically controlled lathe exports from Greece skyrocketed to X units, rising by 2,500% on 2020 figures. In general, exports enjoyed notable growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-numerically controlled lathe exports soared to $X in 2021. Overall, exports, however, faced a deep downturn. Over the period under review, the non-numerically controlled laexports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for non-numerically controlled lathe exports from Greece, with a 69% share of total exports. Moreover, non-numerically controlled lathe exports to Turkey exceeded the volume sent to the second major destination, Bulgaria (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at +48.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+18.2% per year) and Cyprus (+7.2% per year).

In value terms, Turkey ($X) remains the key foreign market for non-numerically controlled horizontal lathes, for removing metal exports from Greece, comprising 58% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-5.8% per year) and Bulgaria (+11.3% per year).

Export Prices by Country

The average non-numerically controlled lathe export price stood at $X per unit in 2021, shrinking by -70.4% against the previous year. In general, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 94% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cyprus ($X per unit), while the average price for exports to Turkey ($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 Ghana (+23.5%), while the prices for the other major destinations experienced a decline.

Non-Numerically Controlled Lathe Imports

Imports into Greece

Non-numerically controlled lathe imports into Greece skyrocketed to X units in 2021, jumping by 30% compared with the previous year. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2018 with an increase of 929% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, non-numerically controlled lathe imports rose remarkably to $X in 2021. In general, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 186% against the previous year. Over the period under review, non-numerically controlled laimports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Romania (X units) were the main suppliers of non-numerically controlled lathe imports to Greece, together comprising 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +91.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Turkey ($X) appeared to be the largest non-numerically controlled lathe suppliers to Greece, with a combined 97% share of total imports.

Among the main suppliers, China, with a CAGR of +22.4%, saw the highest growth rate of 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 2021, the average non-numerically controlled lathe import price amounted to $X per unit, waning by -12.2% against the previous year. In general, the import price continues to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2016 an increase of 217% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+90.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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