Burglar and fire alarms market in Greece

Earlier Report Observations

Focusing on volume, the market for burglar and fire alarms in Greece expanded from 1 099 thousand units in 2018 to 2 743 thousand units in 2024. This growth was not linear, with a temporary dip in 2019 followed by a recovery in 2020. The most pronounced increases occurred in 2021 and 2024, when the market volume grew by 54% and 56% respectively.

Import flows were the primary driver of market volume, rising from 994 thousand units in 2018 to 2 891 thousand units in 2024. Domestic production, while fluctuating, remained at a lower level, peaking at 204 thousand units in 2022. Exports varied significantly, affecting the net supply available in the domestic market.

In value terms, the market showed steadier growth, increasing from $16.2 million in 2018 to $20.3 million in 2024. The value growth accelerated from 2021, indicating a possible shift in product mix or price levels within the market.

Production burglar and fire alarms in Greece

In value, 2017-2020, K $ US

Greece's production of burglar and fire alarms declined for the second consecutive year. In 2020, output was valued at 4 569 thousand US dollars, marking a modest decrease of 8.9% compared to the previous year. The highest value was recorded in 2018 at 5 414 thousand US dollars, which also saw the largest increase of 16.8%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

Greece's production volume of burglar and fire alarms fell for the second year in a row. In 2020, 151.0 thousand units were produced, reflecting a significant decline of 12.5% year-over-year. Over the period from 2017 to 2020, production decreased by 18.2%, with a compound annual growth rate of 6.5%. The peak volume was recorded in 2018 at 210.7 thousand units. The largest decline occurred in 2019 at 18.1%, while the largest increase was in 2018 at 14.2%.

Annual dynamics of production in Greece in kind, 2017-2020, K unit

Exports burglar and fire alarms from Greece

Exports in kind, K unit

The market showed considerable volatility during these years. Export volumes fluctuated significantly, with a 4.6-fold difference between the high in 2017 and the low in 2018. In 2020, Greece exported 378 thousand units of burglar and fire alarms, representing a solid decline of 10.7% compared to the previous year. The lowest volume was recorded in 2018 at 106 thousand units, which also saw the largest decline of 78.2%. The largest increase occurred in 2019 at 300.2%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, K unit

From 2017 to 2020, Cyprus, Bulgaria, and Hungary consistently held the top positions in Greece's export structure by volume. Cyprus accounted for 39.1% of exports, Bulgaria for 33.0%, and Hungary for 8.7%. Together, these three countries represented 80.8% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

Greece's exports of burglar and fire alarms declined for the third consecutive year. In 2020, exports amounted to 2 237 thousand US dollars, showing a modest decrease of 5.9% year-over-year. Over the period from 2017 to 2020, exports fell by 41.1%, with a compound annual growth rate of 16.2%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

Between 2017 and 2020, Cyprus, Turkey, and the United Kingdom were among the largest buyers of burglar and fire alarms from Greece in value terms. Cyprus accounted for 28.1% of exports, Turkey for 11.9%, and the United Kingdom for 8.7%. However, even combined, they represented just 48.7% of total exports, indicating a broadly diversified partner base.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports burglar and fire alarms to Greece

Imports in kind, K unit

Greece's import volume of burglar and fire alarms increased for the second consecutive year. In 2020, imports reached 1 334 thousand units, up by 4.5% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 37.1%, equating to an annualized rate of 14.3%. The lowest volume was recorded in 2018 at 994 thousand units, which also saw the largest decline of 53.2%. The largest increase occurred in 2019 at 28.5%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, K unit

From 2017 to 2020, China, the United Kingdom, and Germany remained the leading sources for Greece's imports by volume. China accounted for 48.0% of imports, the United Kingdom for 8.6%, and Germany for 7.6%. Together, these three countries represented 64.2% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

In 2020, Greece's imports of burglar and fire alarms amounted to 14 139 thousand US dollars, showing an advance of 13.7% versus the previous year. Between 2017 and 2020, imports increased by 29.6%, equating to an annualized rate of 9.0%. The largest decline was recorded in 2019 at 6.4%, while the largest increase occurred in 2018 at 21.8%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

Throughout 2017 to 2020, the United Kingdom, the Netherlands, and Italy formed the core group of markets for Greece's imports in value terms. The United Kingdom accounted for 24.8% of imports, the Netherlands for 14.1%, and Italy for 11.7%. Together, they represented 50.5% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020