Greece: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in Greece

In 2020, the Greek acyclic hydrocarbons market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a deep downturn. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. from 2009 to 2020, the growth of the market remained at a lower figure.

Acyclic Hydrocarbons Production in Greece

In value terms, acyclic hydrocarbons production reached $X in 2020 estimated in export prices. Over the period under review, production recorded a abrupt contraction. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Acyclic Hydrocarbons Exports

Exports from Greece

In 2020, overseas shipments of acyclic hydrocarbons were finally on the rise to reach X tons for the first time since 2016, thus ending a three-year declining trend. In general, exports, however, saw a deep reduction. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, acyclic hydrocarbons exports surged to $X in 2020. Over the period under review, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

Exports by Country

Poland (X tons) was the main destination for acyclic hydrocarbons exports from Greece, accounting for a X% share of total exports. Moreover, acyclic hydrocarbons exports to Poland exceeded the volume sent to the second major destination, Cyprus (X tons), fourfold. North Macedonia (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-X% per year) and North Macedonia (+X% per year).

In value terms, the largest markets for acyclic hydrocarbons exported from Greece were Cyprus ($X), North Macedonia ($X) and Poland ($X), with a combined X% share of total exports. These countries were followed by the UK, which accounted for a further X terms of the main countries of destination, the UK (+X% per year) recorded the highest growth rate of 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

In 2020, the average acyclic hydrocarbons export price amounted to $X per ton, with a decrease of -X% against the previous year. In general, export price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per ton in 2019, and then contracted significantly in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia, while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Imports

Imports into Greece

In 2020, overseas purchases of acyclic hydrocarbons increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, acyclic hydrocarbons imports reached $X in 2020. Overall, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Israel (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of acyclic hydrocarbons imports to Greece, with a combined X% share of total imports. Poland, Hungary, the Netherlands and France lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Poland (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Israel ($X) and Belgium ($X) appeared to be the largest acyclic hydrocarbons suppliers to Greece, with a combined X% share of total imports. Poland, France, the Netherlands and Hungary lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest growth rate of 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

In 2020, the average acyclic hydrocarbons import price amounted to $X per ton, waning by -X% against the previous year. In general, the import price showed a pronounced decline. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hungary, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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