Greece: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in Greece

In 2023, the Greek plastics in primary forms market decreased by X% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Plastics in Primary Forms in Greece

In value terms, plastics in primary forms production surged to $X in 2023 estimated in export price. In general, production, however, continues to indicate a noticeable shrinkage. Plastics in primary forms production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Plastics in Primary Forms

Exports from Greece

In 2023, shipments abroad of plastics in primary formses increased by X% to X tons, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to continue growth in years to come.

In value terms, plastics in primary forms exports fell notably to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then contracted remarkably in the following year.

Exports by Country

Bulgaria (X tons), Italy (X tons) and Turkey (X tons) were the main destinations of plastics in primary forms exports from Greece, with a combined X% share of total exports. Romania, Portugal, Poland, Spain, Hungary, Serbia, Israel, the UK, Cyprus and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastics in primary forms exported from Greece were Bulgaria ($X), Italy ($X) and Turkey ($X), with a combined X% share of total exports. Romania, Poland, Portugal, Spain, Serbia, Hungary, Cyprus, the UK, the Czech Republic and Israel lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastics in primary forms export price stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price showed a mild downturn. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced a decline.

Imports of Plastics in Primary Forms

Imports into Greece

In 2023, supplies from abroad of plastics in primary formses decreased by X% to X tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, plastics in primary forms imports fell remarkably to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2022, and then shrank rapidly in the following year.

Imports by Country

Saudi Arabia (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of plastics in primary forms imports to Greece, together comprising X% of total imports. Belgium, South Korea, Germany, the United States, Spain, Egypt, Bulgaria, the Netherlands, France and Qatar lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Belgium ($X) and Germany ($X) constituted the largest plastics in primary forms suppliers to Greece, together comprising X% of total imports. South Korea, Saudi Arabia, Turkey, Spain, the United States, France, the Netherlands, Bulgaria, Egypt and Qatar lagged somewhat behind, together accounting for a further X%.

The United States, 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 plastics in primary forms import price stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2022, and then reduced in the following year.

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

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

Source: IndexBox Platform