Greece: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Greece

In 2022, after two years of growth, there was significant decline in the Greek market for pulley tackle and hoists powered by an electric motor, when its value decreased by -12.7% to $X. Overall, consumption, however, continues to indicate strong growth. Consumption of peaked at $X in 2021, and then fell in the following year.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Greece

Exports of pulley tackle and hoists powered by an electric motor from Greece soared to X units in 2022, rising by 829% against the previous year. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 867%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of pulley tackle and hoists powered by an electric motor skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 615%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X units) was the main destination for exports of pulley tackle and hoists powered by an electric motor from Greece, with a 99% share of total exports. It was followed by Cyprus (X units), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to +60.6%.

In value terms, Turkey ($X) emerged as the key foreign market for pulley tackle and hoists powered by an electric motor exports from Greece, comprising 100% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +29.3%.

Export Prices by Country

In 2022, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, shrinking by -74.5% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 345%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Turkey totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (-12.5%), while the prices for the other major destinations experienced a decline.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Greece

Imports of pulley tackle and hoists powered by an electric motor into Greece fell to X units in 2022, reducing by -8.6% compared with the previous year. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 232% against the previous year. Over the period under review, imports of hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor contracted slightly to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 125% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest pulley tackle and hoists powered by an electric motor supplier to Greece, accounting for a 48% share of total imports. Moreover, imports of pulley tackle and hoists powered by an electric motor from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Finland (X units), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.7% per year) and Finland (+208.0% per year).

In value terms, the largest pulley tackle and hoists powered by an electric motor suppliers to Greece were Finland ($X), Germany ($X) and Italy ($X), together comprising 81% of total imports.

Finland, with a CAGR of +205.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, rising by 6.9% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 140%. The import price peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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