Greece: Market for Process Control, Gate, Globe and Other Valves 2024

Exports of Process Control, Gate, Globe and Other Valves

Exports from Greece

In 2022, approx. X tons of process control, gate, globe and other valves were exported from Greece; reducing by -23.9% compared with 2021. Overall, exports showed a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by 24%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of process control, gate, globe and other valves dropped remarkably to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X tons), Italy (X tons) and Cyprus (X tons) were the main destinations of exports of process control, gate, globe and other valves from Greece, together accounting for 37% of total exports. These countries were followed by Bulgaria, Romania, Albania, France, the UK, North Macedonia, Hungary, Germany, Spain and Bosnia and Herzegovina, which together accounted for a further 52%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +136.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for process control, gate, globe and other valves exported from Greece were Cyprus ($X), Serbia ($X) and Romania ($X), with a combined 42% share of total exports. These countries were followed by Bulgaria, Albania, Italy, North Macedonia, the UK, Germany, France, Spain, Hungary and Bosnia and Herzegovina, which together accounted for a further 39%.

Among the main countries of destination, Hungary, with a CAGR of +114.7%, 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 2022, the average export price for process control, gate, globe and other valves amounted to $X per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 an increase of 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Process Control, Gate, Globe and Other Valves

Imports into Greece

In 2022, after two years of growth, there was decline in overseas purchases of process control, gate, globe and other valves, when their volume decreased by less than 0.1% to X tons. In general, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 39% against the previous year. Imports peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, imports of process control, gate, globe and other valves reduced to $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of imports of process control, gate, globe and other valves to Greece, together accounting for 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +12.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Germany ($X) appeared to be the largest process control, gate, globe and other valves suppliers to Greece, with a combined 76% share of total imports. Spain and Bulgaria lagged somewhat behind, together comprising a further 6.5%.

Among the main suppliers, Spain, with a CAGR of +10.2%, saw the highest rates of growth with regard to 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

The average import price for process control, gate, globe and other valves stood at $X per ton in 2022, waning by -8.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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