Greece: Market for Toothed wheels, chain sprockets and other transmission elements 2024

Market Size for Toothed wheels, chain sprockets and other transmission elements in Greece

The Greek market for toothed wheels, chain sprockets and other transmission elements shrank rapidly to $X in 2021, waning by -38.7% 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). In general, consumption, however, recorded a prominent increase. Consumption of peaked at $X in 2020, and then dropped markedly in the following year.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Greece

Exports of toothed wheels, chain sprockets and other transmission elements from Greece soared to X tons in 2021, with an increase of 111% on the year before. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 119% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements skyrocketed to $X in 2021. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Romania (X tons) were the main destinations of exports of toothed wheels, chain sprockets and other transmission elements from Greece, together accounting for 83% of total exports. These countries were followed by Bulgaria and Ukraine, which together accounted for a further 9.5%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +134.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for toothed wheels, chain sprockets and other transmission elements exported from Greece were the Netherlands ($X), Bulgaria ($X) and Germany ($X), together accounting for 53% of total exports. Romania and Ukraine lagged somewhat behind, together comprising a further 18%.

Ukraine, with a CAGR of +135.3%, recorded the highest rates of growth with regard to the value of exports, among 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 toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, waning by -5.5% against the previous year. In general, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of 339% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Germany ($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 the Netherlands (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Greece

In 2021, overseas purchases of toothed wheels, chain sprockets and other transmission elements decreased by -25.3% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 76% against the previous year. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements fell slightly to $X in 2021. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 51%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of imports of toothed wheels, chain sprockets and other transmission elements to Greece, together accounting for 74% of total imports. These countries were followed by Belgium, Poland, Bulgaria and Austria, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +133.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest toothed wheels, chain sprockets and other transmission elements suppliers to Greece were Germany ($X), Italy ($X) and Poland ($X), with a combined 63% share of total imports.

Poland, with a CAGR of +132.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 import price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, rising by 31% against the previous year. In general, the import price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 67% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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