Greece: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Greece

In 2021, the Greek market for parts of harvester and threshers increased by 25% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Production of Parts Of Harvester And Threshers in Greece

In value terms, parts of harvester and threshers production expanded notably to $X in 2021 estimated in export price. In general, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 226%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Greece

In 2021, overseas shipments of parts of harvester and threshers were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 66% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, parts of harvester and threshers exports soared to $X in 2021. The total export value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 35% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ukraine (X units), Bulgaria (X units) and Russia (X units) were the main destinations of parts of harvester and threshers exports from Greece, with a combined 39% share of total exports. These countries were followed by Poland, Italy, Germany, Hungary, the United States, Spain, Serbia, Cyprus, Ireland and Romania, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +58.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Ukraine ($X) and Poland ($X) appeared to be the largest markets for parts of harvester and threshers exported from Greece worldwide, with a combined 52% share of total exports. Russia, Italy, Germany, Hungary, Cyprus, Spain, the United States, Romania, Serbia and Ireland lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Germany, with a CAGR of +44.2%, recorded the highest growth rate of 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

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, with an increase of 16% against the previous year. Overall, the export price, however, saw a perceptible downturn. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to the United States ($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 Ukraine (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Greece

In 2021, purchases abroad of parts of harvester and threshers was finally on the rise to reach X units after four years of decline. The total import volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 29%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of parts of harvester and threshers imports to Greece, together comprising 62% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +12.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers suppliers to Greece were Germany ($X), Italy ($X) and China ($X), with a combined 67% share of total imports.

In terms of the main suppliers, China, with a CAGR of +10.7%, recorded 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 import price for parts of harvester and threshers amounted to $X per unit, falling by -4.6% against the previous year. Overall, the import price recorded a mild reduction. The pace of growth was the most pronounced in 2017 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs 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 Germany ($X per unit), while the price for India ($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 United States (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform