Greece: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Greece

In 2021, the Greek market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 15% to $X, rising for the fifth year in a row after two years of decline. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Greece

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable setback. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Greece

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were exported from Greece; surging by 14% against 2020 figures. In general, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by 102%. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 59% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Cyprus (X tons), Bulgaria (X tons) and Serbia (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Greece, with a combined 58% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +43.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from Greece were Cyprus ($X), Bulgaria ($X) and Serbia ($X), with a combined 53% share of total exports.

Serbia, with a CAGR of +41.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Greece

In 2021, supplies from abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by -3.8% to X tons for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.0% against 2012 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 18% against the previous year. Imports peaked at X tons in 2020, and then fell slightly in the following year.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

Turkey (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Greece, with a combined 58% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to Greece were Germany ($X), Belgium ($X) and Turkey ($X), together accounting for 55% of total imports.

Among the main suppliers, Belgium, with a CAGR of +17.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, growing by 20% against the previous year. In general, the import price, however, saw a slight decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform