Greece: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Greece

In 2021, after three years of growth, there was significant decline in the Greek bituminous mixtures market, when its value decreased by -5.8% to $X. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +10.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.1% against 2013 indices. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Bituminous Mixtures Production in Greece

In value terms, bituminous mixtures production declined to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +22.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 77%. Bituminous mixtures production peaked at $X in 2020, and then fell in the following year.

Bituminous Mixtures Exports

Exports from Greece

After two years of decline, shipments abroad of bituminous mixtures increased by 3.3% to X tons in 2021. Overall, exports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2015 with an increase of 172%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, bituminous mixtures exports soared to $X in 2021. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2015 when exports increased by 66%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for bituminous mixtures exports from Greece, accounting for a 52% share of total exports. Moreover, bituminous mixtures exports to Bulgaria exceeded the volume sent to the second major destination, Israel (X tons), twofold. Romania (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria amounted to -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+15.7% per year) and Romania (-5.3% per year).

In value terms, Bulgaria ($X) remains the key foreign market for bituminous mixtures exports from Greece, comprising 44% of total exports. The second position in the ranking was taken by Israel ($X), with a 20% share of total exports. It was followed by Turkey, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Bulgaria amounted to -12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+13.1% per year) and Turkey (+41.0% per year).

Export Prices by Country

The average bituminous mixtures export price stood at $X per ton in 2021, rising by 36% against the previous year. Over the period under review, the export price, however, showed a perceptible slump. The growth pace was the most rapid in 2016 when the average export price increased by 58%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Cyprus ($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 Albania (+2.0%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports

Imports into Greece

In 2021, purchases abroad of bituminous mixtures was finally on the rise to reach X tons after two years of decline. Over the period under review, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bituminous mixtures imports skyrocketed to $X in 2021. In general, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of bituminous mixtures to Greece, with a 72% share of total imports. Moreover, bituminous mixtures imports from Germany exceeded the figures recorded by the second-largest supplier, Russia (X tons), sevenfold. The third position in this ranking was held by Italy (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+1.5% per year) and Italy (-6.8% per year).

In value terms, Germany ($X) constituted the largest supplier of bituminous mixtures to Greece, comprising 72% of total imports. The second position in the ranking was taken by Israel ($X), with a 9.8% share of total imports. It was followed by Russia, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+64.3% per year) and Russia (+20.0% per year).

Import Prices by Country

In 2021, the average bituminous mixtures import price amounted to $X per ton, with an increase of 56% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bituminous mixtures import price increased by +70.8% against 2017 indices. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+97.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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