Greece: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in Greece

The Greek transmission apparatus market soared to $X in 2021, growing by 26% 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, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.5% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Transmission Apparatus Exports

Exports from Greece

In 2021, overseas shipments of transmission apparatus incorporating reception apparatus were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 49% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, transmission apparatus exports surged to $X in 2021. In general, exports, however, saw a abrupt shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cyprus (X tons) was the main destination for transmission apparatus exports from Greece, with a 43% share of total exports. Moreover, transmission apparatus exports to Cyprus exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Germany (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Cyprus amounted to -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+23.9% per year) and Germany (-1.5% per year).

In value terms, Cyprus ($X) remains the key foreign market for transmission apparatus incorporating reception apparatus exports from Greece, comprising 65% of total exports. The second position in the ranking was taken by Bulgaria ($X), with an 8.4% share of total exports. It was followed by Germany, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+15.6% per year) and Germany (+0.6% per year).

Export Prices by Country

In 2021, the average transmission apparatus export price amounted to $X per ton, rising by 6.8% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transmission apparatus export price increased by +76.4% against 2017 indices. The pace of growth appeared the most rapid in 2019 an increase of 35%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Estonia ($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 UK (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Greece

In 2021, the amount of transmission apparatus incorporating reception apparatus imported into Greece surged to X tons, growing by 19% compared with 2020 figures. Over the period under review, imports, however, continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2018 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, transmission apparatus imports surged to $X in 2021. In general, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the Netherlands (X tons) and Vietnam (X tons) were the main suppliers of transmission apparatus imports to Greece, together accounting for 62% of total imports. Germany, France, the United Arab Emirates, Poland, Romania, Austria and Luxembourg lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +90.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Vietnam ($X) and China ($X) appeared to be the largest transmission apparatus suppliers to Greece, together comprising 73% of total imports. Germany, the United Arab Emirates, France, Poland, Romania, Austria and Luxembourg lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +109.5%, recorded 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 transmission apparatus import price amounted to $X per ton, growing by 14% against the previous year. In general, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transmission apparatus import price increased by +45.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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 the Netherlands ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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