Greece: X-Ray Apparatus Market 2024

X-Ray Apparatus Market Size in Greece

The Greek x-ray apparatus market declined to $X in 2022, which is down by -8.2% 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). Over the period under review, consumption, however, enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

X-Ray Apparatus Exports

Exports from Greece

X-ray apparatus exports from Greece surged to X units in 2022, growing by 172% compared with 2021. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 340% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, x-ray apparatus exports skyrocketed to $X in 2022. Over the period under review, exports posted notable growth. The growth pace was the most rapid in 2015 when exports increased by 379% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Croatia (X units), Cyprus (X units) and India (X units) were the main destinations of x-ray apparatus exports from Greece, together accounting for 79% of total exports. Bulgaria, the Czech Republic, Hungary, Austria, the United States, Germany and Romania lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +500.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for x-ray apparatus exports from Greece, comprising 64% of total exports. The second position in the ranking was held by Romania ($X), with a 5.8% share of total exports. It was followed by Bulgaria, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus amounted to +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-20.2% per year) and Bulgaria (+28.0% per year).

Export Prices by Country

The average x-ray apparatus export price stood at $X per unit in 2022, declining by -25.7% against the previous year. Overall, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 140%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Apparatus Imports

Imports into Greece

In 2022, the amount of x-ray apparatus imported into Greece declined sharply to X units, reducing by -17.5% against the year before. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 103% against the previous year. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, x-ray apparatus imports rose significantly to $X in 2022. Overall, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 57% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of x-ray apparatus to Greece, with a 61% share of total imports. Moreover, x-ray apparatus imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Croatia (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.3% per year) and Croatia (-63.8% per year).

In value terms, the largest x-ray apparatus suppliers to Greece were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined 72% share of total imports. South Korea, France, Spain, Romania, Bulgaria and Croatia lagged somewhat behind, together comprising a further 6.2%.

Among the main suppliers, South Korea, with a CAGR of +61.2%, saw the highest growth rate of 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 x-ray apparatus import price stood at $X per unit in 2022, growing by 37% against the previous year. In general, the import price showed a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of 173%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+170.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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