Greece: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Greece

In 2022, the Greek pneumatic elevator market increased by 75% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pneumatic Elevator Production in Greece

In value terms, pneumatic elevator production reached $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2018 with an increase of 45% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Pneumatic Elevator Exports

Exports from Greece

In 2022, after two years of growth, there was significant decline in overseas shipments of pneumatic elevators and conveyors, when their volume decreased by -83.6% to X units. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 1,500%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pneumatic elevator exports shrank rapidly to $X in 2022. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 2,500%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units), Cyprus (X units) and Bulgaria (X units) were the main destinations of pneumatic elevator exports from Greece, together comprising 60% of total exports.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic elevator exported from Greece were the UK ($X), Cyprus ($X) and Serbia ($X), with a combined 77% share of total exports.

Among the main countries of destination, Serbia, with a CAGR of +34.1%, 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

In 2022, the average pneumatic elevator export price amounted to $X per unit, growing by 225% against the previous year. In general, the export price, however, recorded a noticeable shrinkage. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the 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 the UK ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+408.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pneumatic Elevator Imports

Imports into Greece

In 2022, approx. X units of pneumatic elevators and conveyors were imported into Greece; rising by 212% against the previous year's figure. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 842% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pneumatic elevator imports surged to $X in 2022. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 581%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest pneumatic elevator supplier to Greece, accounting for a 54% share of total imports. Moreover, pneumatic elevator imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Romania (X units) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +71.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.5% per year) and Romania (+253.4% per year).

In value terms, Germany ($X) constituted the largest supplier of pneumatic elevators and conveyors to Greece, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Romania, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.7% per year) and Romania (+387.4% per year).

Import Prices by Country

In 2022, the average pneumatic elevator import price amounted to $X per unit, dropping by -41.6% against the previous year. In general, the import price saw a dramatic decrease. The pace of growth was the most pronounced in 2013 a decrease of -8.1% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and Germany ($X per unit), while the price for Spain ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+37.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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