Greece: Pump For Liquid Market 2024

Pump For Liquid Market Size in Greece

In 2021, the Greek pump for liquid market decreased by -7.5% to $X, falling for the third consecutive year after three years of growth. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -29.7% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Pump For Liquid Production in Greece

In value terms, pump for liquid production surged to $X in 2021 estimated in export price. In general, production showed resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 136% against the previous year. Over the period under review, production attained the peak level in 2021 and is likely to continue growth in the immediate term.

Pump For Liquid Exports

Exports from Greece

In 2021, exports of pumps for liquids and liquid elevators from Greece surged to X units, jumping by 185% on the previous year's figure. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pump for liquid exports reduced notably to $X in 2021. In general, exports enjoyed a mild increase. The pace of growth was the most pronounced in 2015 when exports increased by 224%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X units) was the main destination for pump for liquid exports from Greece, accounting for a 59% share of total exports. Moreover, pump for liquid exports to Austria exceeded the volume sent to the second major destination, Cyprus (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria totaled +196.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+20.5% per year) and Germany (+4.1% per year).

In value terms, Cyprus ($X), Germany ($X) and Romania ($X) were the largest markets for pump for liquid exported from Greece worldwide, with a combined 22% share of total exports. Bulgaria, Italy, Qatar, South Korea, Indonesia and Austria lagged somewhat behind, together accounting for a further 15%.

South Korea, with a CAGR of +100.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, waning by -70.5% against the previous year. Overall, the export price showed a sharp decrease. The growth pace was the most rapid in 2015 when the average export price increased by 172% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Austria ($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 Germany (-7.2%), while the prices for the other major destinations experienced a decline.

Pump For Liquid Imports

Imports into Greece

In 2021, overseas purchases of pumps for liquids and liquid elevators decreased by -18.3% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports, however, recorded a notable expansion. The pace of growth was the most pronounced in 2013 with an increase of 60% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, pump for liquid imports skyrocketed to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.2% 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 increased by +7.1% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 43%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pump for liquid to Greece, with a 55% share of total imports. Moreover, pump for liquid imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by Germany (X units), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.0% per year) and Germany (+8.5% per year).

In value terms, the largest pump for liquid suppliers to Greece were Germany ($X), Italy ($X) and China ($X), with a combined 58% share of total imports. Spain, the UK and Hong Kong SAR lagged somewhat behind, together comprising a further 9.2%.

Hong Kong SAR, with a CAGR of +64.4%, recorded the highest rates of growth with regard to 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 pump for liquid import price stood at $X per unit in 2021, growing by 51% against the previous year. Overall, the import price continues to indicate a tangible expansion. The pace of growth was the most pronounced in 2018 an increase of 52% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hong Kong SAR ($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 (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform