Greece: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in Greece

The Greek vacuum cleaner with motor market surged to $X in 2021, with an increase of 64% 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 recorded a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Vacuum Cleaners With Motor

Exports from Greece

In 2021, exports of vacuum cleaners with motor from Greece soared to X tons, rising by 205% against the previous year. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum cleaner with motor exports surged to $X in 2021. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cyprus (X tons) was the main destination for vacuum cleaner with motor exports from Greece, accounting for a 49% share of total exports. Moreover, vacuum cleaner with motor exports to Cyprus exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume to Cyprus totaled +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+17.7% per year) and Poland (+106.2% per year).

In value terms, Cyprus ($X) remains the key foreign market for vacuum cleaners with motor exports from Greece, comprising 74% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 6.3% share of total exports. It was followed by Malta, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus amounted to +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+8.4% per year) and Malta (+107.6% per year).

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per ton in 2021, reducing by -35.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 26%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Poland ($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 Malta (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into Greece

In 2021, the amount of vacuum cleaners with motor imported into Greece skyrocketed to X tons, picking up by 45% compared with the year before. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% 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 +62.3% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum cleaner with motor imports surged to $X in 2021. In general, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of vacuum cleaner with motor imports to Greece, with a combined 79% share of total imports. Austria, Italy, France and Belgium lagged somewhat behind, together comprising a further 15%.

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 +33.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Hungary ($X) appeared to be the largest vacuum cleaner with motor suppliers to Greece, together comprising 78% of total imports. Belgium, France, Austria and Italy lagged somewhat behind, together comprising a further 12%.

In terms of the main suppliers, France, with a CAGR of +36.0%, 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 vacuum cleaner with motor import price amounted to $X per ton, surging by 29% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vacuum cleaner with motor import price increased by +69.8% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the price for Italy ($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 (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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