Greece: Silencer Market 2025

Silencer Market Size in Greece

In 2021, after two years of decline, there was significant growth in the Greek silencer market, when its value increased by 48% to $X. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Silencer Exports

Exports from Greece

In 2021, the amount of silencers and exhaust pipes exported from Greece rose markedly to X tons, picking up by 5.1% compared with 2020 figures. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 604%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, silencer exports contracted sharply to $X in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 348% against the previous year. The exports peaked at $X in 2020, and then fell markedly in the following year.

Exports by Country

Bulgaria (X tons) was the main destination for silencer exports from Greece, with a 86% share of total exports. Moreover, silencer exports to Bulgaria exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold. The third position in this ranking was held by the UK (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria amounted to +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+19.0% per year) and the UK (+81.9% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for silencer exports from Greece, comprising 66% of total exports. The second position in the ranking was held by Poland ($X), with a 25% share of total exports. It was followed by the UK, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to Bulgaria stood at +36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+42.3% per year) and the UK (+75.7% per year).

Export Prices by Country

In 2021, the average silencer export price amounted to $X per ton, declining by -19.8% against the previous year. Over the period under review, the export price showed a mild setback. The most prominent rate of growth was recorded in 2020 an increase of 96%. As a result, the export price reached the peak level of $X per ton, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to the UK ($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 Poland (+19.6%), while the prices for the other major destinations experienced mixed trend patterns.

Silencer Imports

Imports into Greece

In 2021, overseas purchases of silencers and exhaust pipes were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, silencer imports skyrocketed to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Poland (X tons) and Turkey (X tons) were the main suppliers of silencer imports to Greece, together comprising 62% of total imports.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +41.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Poland ($X) constituted the largest silencer suppliers to Greece, with a combined 58% share of total imports.

China, with a CAGR of +34.3%, 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

The average silencer import price stood at $X per ton in 2021, with an increase of 37% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silencer import price increased by +64.1% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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