Greece: Bottled Water Market 2024

Bottled Water Market Size in Greece

The Greek bottled water market fell to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Bottled Water Production in Greece

In value terms, bottled water production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 34%. Bottled water production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Bottled Water Exports

Exports from Greece

After three years of growth, overseas shipments of bottled waters decreased by -4.6% to X tons in 2022. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.7% against 2013 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 21%. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped modestly in the following year.

In value terms, bottled water exports totaled $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Cyprus (X tons), Germany (X tons) and Albania (X tons) were the main destinations of bottled water exports from Greece, with a combined 71% share of total exports. These countries were followed by Serbia, North Macedonia, Marshall Islands, Romania, the United States, Croatia and Israel, which together accounted for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +133.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bottled water exported from Greece were Cyprus ($X), Germany ($X) and the United States ($X), with a combined 72% share of total exports. Albania, Serbia, Israel, Romania, North Macedonia, Marshall Islands and Croatia lagged somewhat behind, together comprising a further 12%.

Croatia, with a CAGR of +131.1%, saw the highest growth rate of 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

The average bottled water export price stood at $X per ton in 2022, rising by 12% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, 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 the United States ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Bottled Water Imports

Imports into Greece

In 2022, the amount of bottled waters imported into Greece surged to X tons, rising by 27% on 2021 figures. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 81%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, bottled water imports surged to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 77%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Italy (X tons), Romania (X tons) and France (X tons) were the main suppliers of bottled water imports to Greece, with a combined 75% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +63.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Romania ($X) were the largest bottled water suppliers to Greece, with a combined 68% share of total imports.

Among the main suppliers, Romania, with a CAGR of +54.4%, 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

The average bottled water import price stood at $X per ton in 2022, declining by -8.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 29%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :