Greece: Ceramic Tile Market 2024

Ceramic Tile Exports

Exports from Greece

In 2022, exports of ceramic tiles from Greece skyrocketed to X square meters, growing by 73% on 2021. In general, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 97%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, ceramic tile exports skyrocketed to $X in 2022. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 89% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Cyprus (X square meters) was the main destination for ceramic tile exports from Greece, with a 69% share of total exports. Moreover, ceramic tile exports to Cyprus exceeded the volume sent to the second major destination, Bulgaria (X square meters), fivefold. Spain (X square meters) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus totaled +31.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+2.0% per year) and Spain (+6.8% per year).

In value terms, Cyprus ($X) remains the key foreign market for ceramic tiles exports from Greece, comprising 62% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 15% share of total exports. It was followed by Spain, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus amounted to +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+4.4% per year) and Spain (+7.6% per year).

Export Prices by Country

In 2022, the average ceramic tile export price amounted to $X per square meter, remaining stable against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 51% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per square meter) and the UK ($X per square meter), while the average price for exports to Cyprus ($X per square meter) and Romania ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Tile Imports

Imports into Greece

In 2022, purchases abroad of ceramic tiles increased by 32% to X square meters, rising for the second consecutive year after two years of decline. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume 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 +61.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ceramic tile imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +72.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Spain (X square meters) constituted the largest supplier of ceramic tile to Greece, with a 46% share of total imports. Moreover, ceramic tile imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X square meters), twofold. The third position in this ranking was taken by India (X square meters), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.9% per year) and India (+201.5% per year).

In value terms, Spain ($X), Italy ($X) and India ($X) constituted the largest ceramic tile suppliers to Greece, together comprising 80% of total imports.

India, with a CAGR of +185.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 ceramic tile import price amounted to $X per square meter, with a decrease of -7.7% against the previous year. Overall, the import price showed a slight descent. The pace of growth appeared the most rapid in 2021 an increase of 16%. Over the period under review, average import prices hit record highs at $X per square meter in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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