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

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

The Greek numerically controlled drilling machine market expanded slightly to $X in 2021, picking up by 1.7% against the previous year. In general, consumption, however, enjoyed a temperate expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in Greece

In value terms, numerically controlled drilling machine production rose to $X in 2021 estimated in export price. Overall, production, however, showed noticeable growth. The most prominent rate of growth was recorded in 2017 with an increase of 93% against the previous year. Numerically controlled drilling machine production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Greece

In 2019, the amount of numerically controlled drilling machines for working metal exported from Greece shrank significantly to X tons, waning by -55.8% on 2018. Over the period under review, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2013 with an increase of 220% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2019, the growth of the exports failed to regain momentum.

In value terms, numerically controlled drilling machine exports dropped significantly to $X in 2019. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 56%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2019, the exports failed to regain momentum.

Exports by Country

Bulgaria (X kg), Ghana (X kg) and Romania (X kg) were the main destinations of numerically controlled drilling machine exports from Greece, together comprising 97% of total exports.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Bulgaria ($X) remains the key foreign market for numerically controlled drilling machines for working metal exports from Greece, comprising 61% of total exports. The second position in the ranking was taken by Ghana ($X), with a 26% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Bulgaria totaled -13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (0.0% per year) and Romania (-23.6% per year).

Export Prices by Country

In 2019, the average numerically controlled drilling machine export price amounted to $X per ton, increasing by 17% against the previous year. Overall, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of 210% against the previous year. Over the period under review, the average export prices attained the maximum in 2019 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Romania ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+17.8%).

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Greece

In 2021, overseas purchases of numerically controlled drilling machines for working metal were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by 44,674%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports soared to $X in 2021. Overall, imports recorded a mild expansion. The growth pace was the most rapid in 2015 when imports increased by 13,922%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bulgaria (X tons) was the main numerically controlled drilling machine supplier to Greece, accounting for a 94% share of total imports. Moreover, numerically controlled drilling machine imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Bulgaria stood at +33.9%.

In value terms, Bulgaria ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Greece, comprising 96% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Bulgaria amounted to +14.1%.

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, surging by 48% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 99%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Bulgaria ($X per ton), while the price for Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+27.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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