Parts for harvesting machinery including parts of threshing machinery straw or fodder balers and grass or hay mowers market in Greece

Earlier Report Observations

The market for harvesting machinery parts in Greece grew from $6.4 million in 2018 to $10.8 million in 2020, driven by persistent demand for replacement parts due to an aging fleet of agricultural machines. Greek farmers continued to use technologically outdated equipment, leading to high fuel consumption and frequent repairs, often with non-genuine parts, which sustained aftermarket needs. Domestic production fell from $1.4 million to $0.9 million over the same period, while imports rose from $16.7 million to $18.6 million, indicating increased reliance on foreign suppliers.

After 2020, import values climbed steadily, peaking at $27 million in 2023 before declining to $21.7 million in 2024. Exports fluctuated between $8.7 million and $13.4 million. The market in 2024 saw a recovery after two years of decline, supported by state subsidies for purchasing tractors and harvesters under a development law, which may have spurred both new machinery sales and associated parts demand. The aging Greek agricultural fleet remained a concern, maintaining pressure on maintenance and parts consumption. Additionally, the integration of advanced technologies like artificial intelligence in agricultural machinery design, as seen with companies such as AGRIMAC, began influencing the sector's evolution.

Production parts for harvesting and mowing machinery in Greece

In value, 2017-2020, K $ US

The market exhibited significant volatility during this period. Production reached its lowest point in 2017, then peaked in 2018, showing a 2.7-fold variation between these years. In 2020, output of parts for harvesting machinery—including components for threshing machinery, straw or fodder balers, and grass or hay mowers—was valued at 878 K $ US in Greece, marking a 14.4% year-over-year increase. The maximum value was recorded in 2018 at 1 418 K $ US. The largest decline occurred in 2019, with a drop of 45.9%, while the largest increase was in 2018, at 169.0%.

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

Exports parts for harvesting and mowing machinery from Greece

Exports in kind, t

Shipments of parts for harvesting machinery—including components for threshing machinery, straw or fodder balers, and grass or hay mowers—from Greece to abroad declined for the second consecutive year. In 2020, exports amounted to 689 t, representing a moderate decrease of 9.8% year-over-year. Over the period from 2017 to 2020, exports decreased by 12.6%, with a compound annual growth rate (CAGR) of -4.4%. The maximum value was recorded in 2018 at 837 t, which also saw the largest increase of 6.1%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

From 2017 to 2020, Bulgaria (15.3% of exports in kind), Russia (12.8% of exports in kind), and Ukraine (11.0% of exports in kind) were the largest buyers of parts for harvesting machinery—including components for threshing machinery, straw or fodder balers, and grass or hay mowers—from Greece. Together, they accounted for 39.2% of total exports in kind, with the remaining share distributed among a wide range of smaller partners.

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

Cross-border shipments of parts for harvesting machinery—including components for threshing machinery, straw or fodder balers, and grass or hay mowers—from Greece declined for the second consecutive year. In 2020, exports totaled 8 690 K $ US, which is 18.6% lower than in 2019. Between 2017 and 2020, exports decreased by 24.7%, equating to an annualized rate of -9.0%. The maximum value was recorded in 2018 at 11 750 K $ US, which also saw the largest increase of 1.9%.

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

An analysis of exports in value terms from 2017 to 2020 reveals a broad distribution across many markets. Bulgaria (30.4% of exports in value terms), Ukraine (9.5% of exports in value terms), and Russia (7.8% of exports in value terms) together accounted for 47.7% of total flows, while the remaining 52.3% was spread among other partners.

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

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

Imports parts for harvesting and mowing machinery to Greece

Imports in kind, t

Cross-border shipments of parts for harvesting machinery—including components for threshing machinery, straw or fodder balers, and grass or hay mowers—to Greece declined for the third consecutive year. In 2020, imports totaled 1 812 t, corresponding to a limited fall of 4.0% from the previous year. Between 2017 and 2020, imports decreased by 31.1%, equating to an annualized rate of -11.7%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

From 2017 to 2020, Italy (24.3% of imports in kind), China (17.4% of imports in kind), and Germany (15.6% of imports in kind) led the structure of imports in kind for parts for harvesting machinery—including components for threshing machinery, straw or fodder balers, and grass or hay mowers—to Greece. Together, they represented 57.3% of total 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

The volume of imports of parts for harvesting machinery—including components for threshing machinery, straw or fodder balers, and grass or hay mowers—to Greece increased for the second consecutive year. In 2020, imports reached 18 566 K $ US, reflecting a moderate advance of 9.9% compared to the previous year. The minimum value was recorded in 2018 at 16 689 K $ US, which also saw the largest decline of 8.9%.

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

From 2017 to 2020, the leading destinations for imports in value terms of parts for harvesting machinery—including components for threshing machinery, straw or fodder balers, and grass or hay mowers—to Greece were Germany (36.0% of imports in value terms), Italy (19.6% of imports in value terms), and China (10.1% of imports in value terms). These three countries jointly accounted for 65.7% of total flows.

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

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