Greece: Shipping Market 2025

Shipping Market Size in Greece

The Greek shipping market shrank notably to $X in 2021, which is down by -99.7% 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 a noticeable descent. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Shipping Exports

Exports from Greece

Shipping exports from Greece reduced dramatically to X units in 2021, which is down by -18.2% against the previous year. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 756%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, shipping exports dropped markedly to $X in 2021. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 814% against the previous year. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

Marshall Islands (X units) was the main destination for shipping exports from Greece, with a 56% share of total exports. Moreover, shipping exports to Marshall Islands exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Togo (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Marshall Islands totaled -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+14.9% per year) and Togo (0.0% per year).

In value terms, the largest markets for shipping exported from Greece were the United Arab Emirates ($X), Marshall Islands ($X) and Tanzania ($X), with a combined 97% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +26.5%, 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

In 2021, the average shipping export price amounted to $X per unit, dropping by -73.9% against the previous year. Over the period under review, the export price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 704%. The export price peaked at $X per unit in 2020, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Togo ($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 the United Arab Emirates (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Shipping Imports

Imports into Greece

In 2021, imports of ships, vessels, ferry-boats for the transport of persons into Greece contracted rapidly to X units, with a decrease of -99.7% compared with the previous year's figure. Overall, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of 6,686%. As a result, imports reached the peak of X units, and then reduced markedly in the following year.

In value terms, shipping imports fell remarkably to $X in 2021. Over the period under review, imports saw a precipitous contraction. The growth pace was the most rapid in 2014 with an increase of 710% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Togo (X units), Germany (X units) and France (X units) were the main suppliers of shipping imports to Greece, with a combined 78% share of total imports. These countries were followed by Spain, Italy and Romania, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +164.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of ships, vessels, ferry-boats for the transport of persons to Greece, comprising 81% of total imports. The second position in the ranking was held by Togo ($X), with an 8.1% share of total imports. It was followed by Germany, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France amounted to +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Togo (-12.8% per year) and Germany (+2.0% per year).

Import Prices by Country

The average shipping import price stood at $X per unit in 2021, rising by 287% against the previous year. Over the period under review, the import price, however, showed a dramatic contraction. The growth pace was the most rapid in 2016 when the average import price increased by 862%. The import price peaked at $X per unit in 2012; however, from 2013 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 France ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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