Greece: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Greece

In 2021, after two years of growth, there was significant decline in the Greek metal threading machine market, when its value decreased by -44% to $X. In general, consumption, however, posted significant growth. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Metal Threading Machine Production in Greece

In value terms, metal threading machine production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Metal Threading Machine Exports

Exports from Greece

In 2021, the amount of threading or tapping machines for working metal exported from Greece surged to X units, jumping by 213% compared with the year before. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 529% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal threading machine exports soared to $X in 2021. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 499% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

North Macedonia (X units), Poland (X units) and the UK (X units) were the main destinations of metal threading machine exports from Greece, together accounting for 96% of total exports.

From 2012 to 2021, the biggest increases were recorded for North Macedonia (with a CAGR of +55.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, North Macedonia ($X) remains the key foreign market for threading or tapping machines for working metal exports from Greece, comprising 87% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 4.1% share of total exports. It was followed by Poland, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to North Macedonia totaled +46.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-37.4% per year) and Poland (0.0% per year).

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, growing by 8.4% against the previous year. Overall, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 54%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Albania ($X per unit), while the average price for exports to the UK ($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 Albania (+5.9%), while the prices for the other major destinations experienced a decline.

Metal Threading Machine Imports

Imports into Greece

In 2021, supplies from abroad of threading or tapping machines for working metal decreased by -35.4% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 1,869% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal threading machine imports skyrocketed to $X in 2021. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 1,745% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and France (X units) were the main suppliers of metal threading machine imports to Greece, with a combined 91% 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 France (with a CAGR of +41.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of threading or tapping machines for working metal to Greece, comprising 71% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by France, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.3% per year) and France (+38.7% per year).

Import Prices by Country

In 2021, the average metal threading machine import price amounted to $X per unit, with an increase of 92% against the previous year. Overall, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 117% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+140.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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