Greece: Bumper Market 2024

Bumper Market Size in Greece

The Greek bumper market declined to $X in 2022, falling by -5.6% against the previous year. In general, consumption showed a noticeable reduction. Bumper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Bumper Production in Greece

In value terms, bumper production declined slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 13% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bumper Exports

Exports from Greece

In 2022, shipments abroad of bumpers decreased by -38.5% to X tons, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 47% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bumper exports fell notably to $X in 2022. Over the period under review, exports, however, saw a tangible expansion. The growth pace was the most rapid in 2019 with an increase of 50% against the previous year. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Bulgaria (X tons), Germany (X tons) and Cyprus (X tons) were the main destinations of bumper exports from Greece, together accounting for 59% of total exports. Sweden, Hungary, Italy, Albania, Belgium, Israel, Latvia and Serbia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +77.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) emerged as the key foreign market for bumpers exports from Greece, comprising 43% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 15% share of total exports. It was followed by Cyprus, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled +73.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+1.6% per year) and Cyprus (+10.6% per year).

Export Prices by Country

The average bumper export price stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period under review, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 69%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Serbia ($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 Latvia (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Bumper Imports

Imports into Greece

In 2022, bumper imports into Greece dropped to X tons, reducing by -13.4% against 2021 figures. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 50% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, bumper imports contracted to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.7% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of 24%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and Bulgaria (X tons) were the main suppliers of bumper imports to Greece, with a combined 65% share of total imports. Italy, Poland, the Czech Republic, the Netherlands and the UK lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +32.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and Italy ($X) appeared to be the largest bumper suppliers to Greece, with a combined 69% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +16.8%, 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 2022, the average bumper import price amounted to $X per ton, surging by 9.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 31%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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