Greece: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Greece

The Greek full-rotation excavator market skyrocketed to $X in 2021, picking up by 343% against the previous year. Over the period under review, consumption saw a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Full-Rotation Excavator Production in Greece

In value terms, full-rotation excavator production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Full-Rotation Excavator Exports

Exports from Greece

In 2021, approx. X units of self-propelled full-rotation excavators and bulldozers were exported from Greece; reducing by -48.3% compared with 2020 figures. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 300% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, full-rotation excavator exports declined markedly to $X in 2021. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 1,413% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Albania (X units), Egypt (X units) and Italy (X units) were the main destinations of full-rotation excavator exports from Greece, together comprising 48% of total exports. These countries were followed by North Macedonia, Liberia, Bulgaria, Germany, Senegal, Belgium, the Netherlands and Ireland, which together accounted for a further 52%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of +13.0%), while the other leaders experienced more modest paces of growth.

In value terms, Liberia ($X), North Macedonia ($X) and Senegal ($X) appeared to be the largest markets for full-rotation excavator exported from Greece worldwide, with a combined 64% share of total exports.

Among the main countries of destination, Liberia, with a CAGR of +43.0%, saw the highest growth rate of 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

The average full-rotation excavator export price stood at $X per unit in 2021, which is down by -35.1% against the previous year. In general, the export price, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 280%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Liberia ($X per unit), while the average price for exports to Egypt ($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 Liberia (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into Greece

In 2021, full-rotation excavator imports into Greece soared to X units, with an increase of 356% on the previous year. In general, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, full-rotation excavator imports skyrocketed to $X in 2021. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 189% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), France (X units) and China (X units) were the main suppliers of full-rotation excavator imports to Greece, with a combined 66% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +128.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest full-rotation excavator suppliers to Greece were Belgium ($X), the Netherlands ($X) and Germany ($X), with a combined 50% share of total imports. Japan, France, the UK, Italy, China, Denmark, Norway and Bulgaria lagged somewhat behind, together comprising a further 40%.

Denmark, with a CAGR of +53.6%, 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

In 2021, the average full-rotation excavator import price amounted to $X per unit, with a decrease of -53.1% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 121% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+59.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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