Greece: Market for Electric Shavers, Hair-Removing Appliances And Hair Clippers 2024

Market Size for Electric Shavers, Hair-Removing Appliances And Hair Clippers in Greece

The Greek market for electric shavers, hair-removing appliances and hair clippers contracted dramatically to $X in 2022, shrinking by -26.4% against the previous year. In general, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Production of Electric Shavers, Hair-Removing Appliances And Hair Clippers in Greece

In value terms, production of electric shavers, hair-removing appliances and hair clippers shrank sharply to $X in 2022 estimated in export price. Over the period under review, production saw a dramatic decrease. Over the period under review, production of attained the maximum level at $X in 2021, and then dropped rapidly in the following year.

Exports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Exports from Greece

In 2022, after two years of growth, there was significant decline in overseas shipments of electric shavers, hair-removing appliances and hair clippers, when their volume decreased by -26.6% to X units. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 537% against the previous year. The exports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers dropped sharply to $X in 2022. In general, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 232% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Bulgaria (X units), Italy (X units) and Cyprus (X units) were the main destinations of exports of electric shavers, hair-removing appliances and hair clippers from Greece, together accounting for 80% of total exports. France, Hungary, Spain and Slovakia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +84.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric shavers, hair-removing appliances and hair clippers exported from Greece were Cyprus ($X), Bulgaria ($X) and Italy ($X), together comprising 71% of total exports.

Italy, with a CAGR of +42.6%, 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 export price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, which is down by -38.2% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (-4.3%), while the prices for the other major destinations experienced a decline.

Imports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Imports into Greece

In 2022, after two years of growth, there was decline in overseas purchases of electric shavers, hair-removing appliances and hair clippers, when their volume decreased by -0.7% to X units. In general, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 76%. Over the period under review, imports of hit record highs at X units in 2021, and then shrank slightly in the following year.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers reduced markedly to $X in 2022. Overall, imports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2016 with an increase of 54%. Over the period under review, imports of hit record highs at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric shavers, hair-removing appliances and hair clippers to Greece, accounting for a 54% share of total imports. Moreover, imports of electric shavers, hair-removing appliances and hair clippers from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fivefold. Hungary (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+10.0% per year) and Hungary (+32.1% per year).

In value terms, the largest electric shavers, hair-removing appliances and hair clippers suppliers to Greece were Hungary ($X), Germany ($X) and China ($X), with a combined 66% share of total imports. The Netherlands, Austria, Poland and France lagged somewhat behind, together accounting for a further 25%.

Poland, with a CAGR of +57.7%, saw 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

The average import price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, falling by -15.1% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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