Greece: Safes And Strongboxes Market 2024

Safes And Strongboxes Market Size in Greece

The Greek safes and strongboxes market soared to $X in 2021, jumping by 121% against the previous year. Over the period under review, consumption, however, showed a deep setback. Safes and strongboxes consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Safes And Strongboxes Production in Greece

In value terms, safes and strongboxes production fell sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a sharp contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 85%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Safes And Strongboxes Exports

Exports from Greece

In 2021, the amount of safes, strongboxes and doors of base metal exported from Greece shrank to X tons, declining by -5.3% on the previous year. In general, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 46% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, safes and strongboxes exports dropped to $X in 2021. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 51%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons), Romania (X tons) and Cyprus (X tons) were the main destinations of safes and strongboxes exports from Greece, with a combined 70% share of total exports. These countries were followed by Croatia, France, Belgium and Albania, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +19.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safes and strongboxes exported from Greece were Cyprus ($X), Romania ($X) and Bulgaria ($X), together comprising 67% of total exports. These countries were followed by Croatia, France, Belgium and Albania, which together accounted for a further 26%.

Croatia, with a CAGR of +17.8%, recorded 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 safes and strongboxes export price stood at $X per ton in 2021, reducing by -1.9% against the previous year. Over the period under review, the export price saw a slight decline. The pace of growth was the most pronounced in 2016 an increase of 24% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Greece

In 2021, the amount of safes, strongboxes and doors of base metal imported into Greece surged to X tons, increasing by 21% compared with the year before. Overall, imports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2015 when imports increased by 32%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, safes and strongboxes imports surged to $X in 2021. Over the period under review, imports, however, showed a mild shrinkage. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest safes and strongboxes supplier to Greece, accounting for a 41% share of total imports. Moreover, safes and strongboxes imports from China exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+13.2% per year) and Italy (-6.5% per year).

In value terms, the largest safes and strongboxes suppliers to Greece were China ($X), Italy ($X) and Estonia ($X), together comprising 60% of total imports. Austria, Germany, Poland, Bulgaria and Slovakia lagged somewhat behind, together accounting for a further 23%.

Bulgaria, with a CAGR of +36.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average safes and strongboxes import price amounted to $X per ton, surging by 13% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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