Price for Navigational Instruments and Appliances; Parts and Accessories in Greece - 2023

Contents:

1. Price for Navigational Instruments and Appliances; Parts and Accessories in Greece (CIF) - 2022
2. Price for Navigational Instruments and Appliances; Parts and Accessories in Greece (FOB) - 2022
3. Imports of Navigational Instruments and Appliances; Parts and Accessories in Greece
4. Exports of Navigational Instruments and Appliances; Parts and Accessories in Greece

Price for Navigational Instruments and Appliances; Parts and Accessories in Greece (CIF) - 2022

In 2022, the average import price for navigational instruments and appliances; parts and accessorieses amounted to $191,686 per ton, which is down by -21.4% against the previous year. In general, the import price, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 47%. The import price peaked at $290,176 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($405,369 per ton), while the price for Italy ($44,277 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Navigational Instruments and Appliances; Parts and Accessories in Greece (FOB) - 2022

The average export price for navigational instruments and appliances; parts and accessorieses stood at $134,864 per ton in 2022, picking up by 20% against the previous year. Over the period under review, the export price recorded a moderate expansion. The growth pace was the most rapid in 2013 an increase of 106% against the previous year. Over the period under review, the average export prices hit record highs at $220,034 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($386,288 per ton), while the average price for exports to Romania ($24,603 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Navigational Instruments and Appliances; Parts and Accessories in Greece

In 2022, imports of navigational instruments and appliances; parts and accessorieses into Greece was estimated at 22 tons, growing by 10% against the year before. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of navigational instruments and appliances; parts and accessorieses declined to $4.3M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $4.9M, and then dropped in the following year.

Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Greece in 2022:

1. Netherlands (5.2 tons)
2. Denmark (4.5 tons)
3. Germany (2.4 tons)
4. Japan (1.9 tons)
5. Italy (1.7 tons)
6. China (1.3 tons)
7. Sweden (0.7 tons)
8. United Kingdom (0.6 tons)
9. India (0.5 tons)
10. South Korea (0.4 tons)
11. Norway (0.2 tons)
12. Belgium (0.1 tons)

Exports of Navigational Instruments and Appliances; Parts and Accessories in Greece

In 2022, approx. 16 tons of navigational instruments and appliances; parts and accessorieses were exported from Greece; reducing by -3.3% against the year before. Overall, exports saw a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 55%.

In value terms, exports of navigational instruments and appliances; parts and accessorieses surged to $2.1M in 2022. In general, total exports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Greece in 2022:

1. Romania (2.6 tons)
2. Liberia (2.0 tons)
3. Malta (1.8 tons)
4. Turkey (1.4 tons)
5. Singapore (1.3 tons)
6. Netherlands (1.0 tons)
7. Cyprus (0.9 tons)
8. Marshall Islands (0.8 tons)
9. South Korea (0.5 tons)
10. Panama (0.4 tons)
11. Bahamas (0.4 tons)
12. United Arab Emirates (0.3 tons)
13. Bulgaria (0.2 tons)

Source: IndexBox Market Intelligence Platform