Greece: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Greece

The Greek metal sawing machine market surged to $X in 2021, picking up by 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw strong growth. Metal sawing machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Metal Sawing Machine Exports

Exports from Greece

In 2021, the amount of sawing or cutting-off machines for working metal exported from Greece skyrocketed to X units, jumping by 265% compared with the previous year. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 443%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, metal sawing machine exports skyrocketed to $X in 2021. In general, exports, however, faced a deep contraction. The growth pace was the most rapid in 2018 with an increase of 880%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X units), Cyprus (X units) and North Macedonia (X units) were the main destinations of metal sawing machine exports from Greece, together comprising 86% of total exports. These countries were followed by Serbia, Iraq, Montenegro and Albania, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +74.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal sawing machine exported from Greece were Cyprus ($X), Bulgaria ($X) and Serbia ($X), with a combined 82% share of total exports. North Macedonia, Iraq, Montenegro and Albania lagged somewhat behind, together comprising a further 18%.

In terms of the main countries of destination, North Macedonia, with a CAGR of +74.7%, recorded the highest rates of growth with regard to 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 2021, the average metal sawing machine export price amounted to $X per unit, reducing by -4.1% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 an increase of 80%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Serbia ($X per unit), while the average price for exports to Bulgaria ($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 Belgium (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Sawing Machine Imports

Imports into Greece

In 2021, approx. X units of sawing or cutting-off machines for working metal were imported into Greece; picking up by 43% on the year before. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 69% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal sawing machine imports skyrocketed to $X in 2021. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2014 with an increase of 160% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of metal sawing machine imports to Greece, with a combined 87% share of total imports. Austria, Belgium, Turkey and Bulgaria lagged somewhat behind, together comprising a further 9.8%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +218.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal sawing machine suppliers to Greece were Italy ($X), Germany ($X) and China ($X), with a combined 85% share of total imports. These countries were followed by Bulgaria, Turkey, Austria and Belgium, which together accounted for a further 11%.

Austria, with a CAGR of +203.5%, saw the highest growth rate of 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 metal sawing machine import price amounted to $X per unit, reducing by -9.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 68%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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