Greece: Laundry Machine Market 2025

Laundry Machine Market Size in Greece

In 2021, the Greek laundry machine market increased by 8.4% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, continues to indicate a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Laundry Machine Production in Greece

In value terms, laundry machine production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 22%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Laundry Machine Exports

Exports from Greece

In 2021, overseas shipments of washing, bleaching or dyeing machines decreased by -2.9% to X units, falling for the second consecutive year after two years of growth. Overall, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.1% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 52%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, laundry machine exports soared to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 91%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Bangladesh (X units), Pakistan (X units) and India (X units) were the main destinations of laundry machine exports from Greece, together comprising 79% of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +62.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) remains the key foreign market for washing, bleaching or dyeing machines exports from Greece, comprising 53% of total exports. The second position in the ranking was held by Pakistan ($X), with a 12% share of total exports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Bangladesh totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+25.5% per year) and India (+56.7% per year).

Export Prices by Country

The average laundry machine export price stood at $X per unit in 2021, surging by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2013 an increase of 26%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sri Lanka ($X per unit), while the average price for exports to Pakistan ($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 Egypt (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Laundry Machine Imports

Imports into Greece

Laundry machine imports into Greece soared to X units in 2021, surging by 163% compared with the year before. Over the period under review, imports continue to indicate prominent growth. The growth pace was the most rapid in 2019 when imports increased by 166% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, laundry machine imports skyrocketed to $X in 2021. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 188%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X units) constituted the largest laundry machine supplier to Greece, with a 47% share of total imports. Moreover, laundry machine imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Turkey (X units) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +81.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.0% per year) and Turkey (-2.6% per year).

In value terms, Spain ($X) constituted the largest supplier of washing, bleaching or dyeing machines to Greece, comprising 57% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +69.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-4.6% per year) and China (+13.2% per year).

Import Prices by Country

In 2021, the average laundry machine import price amounted to $X per unit, which is down by -13.8% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, laundry machine import price decreased by -14.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 79% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by North Macedonia (+121.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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