Greece: Corrugated Paper Box Market 2024

Corrugated Paper Box Market Size in Greece

In 2022, the Greek corrugated paper box market increased by 26% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +40.6% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Corrugated Paper Box Production in Greece

In value terms, corrugated paper box production soared to $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +48.2% against 2020 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Corrugated Paper Box Exports

Exports from Greece

For the third consecutive year, Greece recorded growth in overseas shipments of cartons, boxes and cases of corrugated paper or paperboard, which increased by 134% to X tons in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, corrugated paper box exports skyrocketed to $X in 2022. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for corrugated paper box exports from Greece, accounting for a 59% share of total exports. Moreover, corrugated paper box exports to Italy exceeded the volume sent to the second major destination, Cyprus (X tons), fivefold. Albania (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +100.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+40.5% per year) and Albania (+19.1% per year).

In value terms, Italy ($X) emerged as the key foreign market for cartons, boxes and cases of corrugated paper or paperboard exports from Greece, comprising 53% of total exports. The second position in the ranking was held by Cyprus ($X), with a 13% share of total exports. It was followed by Albania, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled +79.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+24.3% per year) and Albania (+22.3% per year).

Export Prices by Country

In 2022, the average corrugated paper box export price amounted to $X per ton, rising by 5.9% against the previous year. Over the period under review, the export price, however, saw a mild contraction. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to North Macedonia ($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 Albania (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Corrugated Paper Box Imports

Imports into Greece

For the fourth consecutive year, Greece recorded growth in supplies from abroad of cartons, boxes and cases of corrugated paper or paperboard, which increased by 57% to X tons in 2022. Over the period under review, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, corrugated paper box imports surged to $X in 2022. In general, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Italy (X tons) and Romania (X tons) were the main suppliers of corrugated paper box imports to Greece, with a combined 67% 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 China (with a CAGR of +54.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Turkey ($X) constituted the largest corrugated paper box suppliers to Greece, together comprising 72% of total imports.

In terms of the main suppliers, China, with a CAGR of +47.7%, recorded the highest growth rate of 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 corrugated paper box import price stood at $X per ton in 2022, surging by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2013 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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