Greece: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in Greece

The Greek railway maintenance vehicle market shrank slightly to $X in 2021, almost unchanged from the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Railway maintenance vehicle consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Railway Maintenance Vehicle Production in Greece

In value terms, railway maintenance vehicle production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 25%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Railway Maintenance Vehicle Exports

Exports from Greece

In 2019, shipments abroad of railway or tramway maintenance or service vehicles decreased by 0% to X units, falling for the fifth consecutive year after three years of growth. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2013 with an increase of 367%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2019, the exports failed to regain momentum.

In value terms, railway maintenance vehicle exports shrank significantly to $X in 2019. Overall, exports showed a significant curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 554% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for railway maintenance vehicle exports from Greece, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) also remains the key foreign market for railway or tramway maintenance or service vehicles exports from Greece.

From 2012 to 2019, the average annual growth rate of value to the Netherlands totaled +35.1%.

Export Prices by Country

The average railway maintenance vehicle export price stood at $X per unit in 2019, dropping by -76% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2015 when the average export price increased by 542% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2019, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2019, the rate of growth in terms of prices for Bulgaria amounted to +115.8% per year.

Railway Maintenance Vehicle Imports

Imports into Greece

Railway maintenance vehicle imports into Greece expanded significantly to X units in 2021, rising by 11% compared with the previous year. Over the period under review, imports continue to indicate temperate growth. The growth pace was the most rapid in 2018 with an increase of 600% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, railway maintenance vehicle imports surged to $X in 2021. In general, imports, however, recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 593% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X units) was the main railway maintenance vehicle supplier to Greece, accounting for a approx. 100% share of total imports.

From 2013 to 2021, the average annual rate of growth in terms of volume from the Netherlands was relatively modest.

In value terms, the Netherlands ($X) constituted the largest supplier of railway or tramway maintenance or service vehicles to Greece, comprising 100% of total imports. The second position in the ranking was held by Germany ($X), with a 0.3% share of total imports.

From 2013 to 2021, the average annual growth rate of value from the Netherlands was relatively modest.

Import Prices by Country

In 2021, the average railway maintenance vehicle import price amounted to $X per unit, jumping by 21% against the previous year. Overall, the import price, however, recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 309% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Germany amounted to $X per unit.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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