Greece: Wheeled Loader Market 2024

Wheeled Loader Market Size in Greece

The Greek wheeled loader market surged to $X in 2021, increasing by 37% against the previous year. Overall, consumption recorded a moderate increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Wheeled Loader Production in Greece

In value terms, wheeled loader production declined to $X in 2021 estimated in export price. In general, production saw a pronounced slump. The pace of growth was the most pronounced in 2019 with an increase of 59% against the previous year. Wheeled loader production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wheeled Loader Exports

Exports from Greece

In 2021, shipments abroad of wheeled loaders, crawler shovel loaders, front-end loaders was finally on the rise to reach X units after two years of decline. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 35%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wheeled loader exports soared to $X in 2021. Overall, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 131%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X units) was the main destination for wheeled loader exports from Greece, with a 54% share of total exports. Moreover, wheeled loader exports to Egypt exceeded the volume sent to the second major destination, Romania (X units), ninefold. Germany (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Egypt totaled -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+16.7% per year) and Germany (+1.5% per year).

In value terms, the largest markets for wheeled loader exported from Greece were Luxembourg ($X), Egypt ($X) and Germany ($X), with a combined 61% share of total exports.

Luxembourg, with a CAGR of +68.9%, 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 wheeled loader export price stood at $X per unit in 2021, shrinking by -4.5% against the previous year. In general, the export price, however, enjoyed strong growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 132%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the average price for exports to Togo ($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 Luxembourg (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Greece

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders imported into Greece soared to X units, growing by 60% against the previous year's figure. In general, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wheeled loader imports surged to $X in 2021. Over the period under review, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X units), Belgium (X units) and Italy (X units) were the main suppliers of wheeled loader imports to Greece, together accounting for 48% of total imports. Germany, the United States, the Netherlands, the Czech Republic, Sweden and France lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +43.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheeled loader suppliers to Greece were the UK ($X), Sweden ($X) and Belgium ($X), with a combined 52% share of total imports. The United States, Germany, the Netherlands, France, Italy and the Czech Republic lagged somewhat behind, together accounting for a further 42%.

Among the main suppliers, the United States, with a CAGR of +66.0%, 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

The average wheeled loader import price stood at $X per unit in 2021, surging by 31% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Sweden ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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