Greece: Wood Tool Market 2024

Wood Tool Market Size in Greece

The Greek wood tool market reduced to $X in 2021, approximately equating 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). The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Wood Tool Exports

Exports from Greece

In 2021, wood tool exports from Greece soared to X tons, with an increase of 69% against the previous year. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 134% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, wood tool exports soared to $X in 2021. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 61% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Italy (X tons), Bulgaria (X tons) and Denmark (X tons) were the main destinations of wood tool exports from Greece, with a combined 75% share of total exports. Germany, Cyprus and Romania lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +354.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for tools of wood exports from Greece, comprising 37% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 19% share of total exports. It was followed by Cyprus, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +127.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-8.5% per year) and Cyprus (+40.1% per year).

Export Prices by Country

In 2021, the average wood tool export price amounted to $X per ton, waning by -6.3% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood tool export price decreased by -30.7% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of 51% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Denmark ($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 Cyprus (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Imports

Imports into Greece

After two years of growth, overseas purchases of tools of wood decreased by -11.7% to X tons in 2021. Over the period under review, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 48%. Over the period under review, imports attained the maximum at X tons in 2020, and then declined in the following year.

In value terms, wood tool imports expanded significantly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 26% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Bulgaria (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of wood tool imports to Greece, together accounting for 77% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +36.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood tool suppliers to Greece were Italy ($X), Spain ($X) and Bulgaria ($X), with a combined 75% share of total imports.

Among the main suppliers, Bulgaria, with a CAGR of +27.8%, saw the highest rates of growth with regard to the value of imports, 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 wood tool import price amounted to $X per ton, increasing by 29% against the previous year. In general, the import price, however, saw a mild downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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