Greece: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in Greece

The Greek confectionery-making industrial machinery market was finally on the rise to reach $X in 2023, after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Confectionery-making industrial machinery consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Confectionery-Making Industrial Machinery Production in Greece

In value terms, confectionery-making industrial machinery production declined to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Confectionery-making industrial machinery production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Confectionery-Making Industrial Machinery Exports

Exports from Greece

In 2023, shipments abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed temperate growth. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, confectionery-making industrial machinery exports shrank remarkably to $X in 2023. In general, exports, however, showed a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Bulgaria (X units) was the main destination for confectionery-making industrial machinery exports from Greece, with a X% share of total exports. Moreover, confectionery-making industrial machinery exports to Bulgaria exceeded the volume sent to the second major destination, the Philippines (X units), eightfold. The third position in this ranking was taken by Lithuania (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Bulgaria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Lithuania (X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Bulgaria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average confectionery-making industrial machinery export price stood at $X per unit in 2023, picking up by X% against the previous year. In general, the export price, however, showed a mild decline. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Confectionery-Making Industrial Machinery Imports

Imports into Greece

In 2023, overseas purchases of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate decreased by X% to X units, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, continue to indicate a temperate expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports skyrocketed to $X in 2023. Overall, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2023, imports remained at a lower figure.

Imports by Country

Italy (X units), Turkey (X units) and Switzerland (X units) were the main suppliers of confectionery-making industrial machinery imports to Greece, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest confectionery-making industrial machinery suppliers to Greece were Italy ($X), Switzerland ($X) and Germany ($X), with a combined X% share of total imports. The Netherlands, Turkey, China, the UK, Bulgaria, Spain and the United States lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average confectionery-making industrial machinery import price stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform