Greece: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Greece

After two years of growth, the Greek positive displacement pump market decreased by -30.7% to $X in 2021. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then dropped markedly in the following year.

Positive Displacement Pump Exports

Exports from Greece

In 2021, exports of positive displacement pumps and hand pumps from Greece soared to X units, growing by 1,084% compared with the year before. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, positive displacement pump exports soared to $X in 2021. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 255%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X units) was the main destination for positive displacement pump exports from Greece, accounting for a 82% share of total exports. Moreover, positive displacement pump exports to Austria exceeded the volume sent to the second major destination, Qatar (X units), more than tenfold. The third position in this ranking was taken by South Korea (X units), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume to Austria amounted to +6,021.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+145.5% per year) and South Korea (+247.5% per year).

In value terms, Qatar ($X) emerged as the key foreign market for positive displacement pumps and hand pumps exports from Greece, comprising 43% of total exports. The second position in the ranking was held by Austria ($X), with a 19% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Qatar stood at +96.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+178.5% per year) and Germany (-7.6% per year).

Export Prices by Country

The average positive displacement pump export price stood at $X per unit in 2021, shrinking by -74.8% against the previous year. In general, the export price saw a significant contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 667% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per unit), while the average price for exports to Austria ($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 Oman (+50.7%), while the prices for the other major destinations experienced a decline.

Positive Displacement Pump Imports

Imports into Greece

In 2021, approx. X units of positive displacement pumps and hand pumps were imported into Greece; falling by -31.7% on the previous year. In general, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -35.0% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 83% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, positive displacement pump imports declined remarkably to $X in 2021. Overall, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 129%. Imports peaked at $X in 2020, and then dropped markedly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of positive displacement pump to Greece, with a 65% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold. The third position in this ranking was held by Italy (X units), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+3.5% per year) and Italy (+29.2% per year).

In value terms, China ($X) constituted the largest supplier of positive displacement pumps and hand pumps to Greece, comprising 42% of total imports. The second position in the ranking was held by the UK ($X), with an 18% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+8.7% per year) and Italy (+30.1% per year).

Import Prices by Country

The average positive displacement pump import price stood at $X per unit in 2021, jumping by 19% against the previous year. Over the period under review, the import price showed resilient growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 67% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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