Greece: Common Clay Market 2024

Common Clay Market Size in Greece

The Greek common clay market declined significantly to $X in 2022, falling by -43.6% against the previous year. Overall, consumption showed a precipitous decrease. Common clay consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Common Clay Production in Greece

In value terms, common clay production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 66%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Common Clay Exports

Exports from Greece

In 2022, approx. X tons of common clay were exported from Greece; growing by 14% against the previous year. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, common clay exports expanded notably to $X in 2022. In general, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 79% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Italy (X tons), India (X tons) and Serbia (X tons) were the main destinations of common clay exports from Greece, together comprising 46% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +222.7%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Serbia ($X) and India ($X) constituted the largest markets for common clay exported from Greece worldwide, with a combined 40% share of total exports.

India, with a CAGR of +232.9%, recorded 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

In 2022, the average common clay export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 8.5%. The export price peaked at $X per ton in 2014; however, from 2015 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 Nigeria ($X per ton), while the average price for exports to Turkey ($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 Japan (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Common Clay Imports

Imports into Greece

In 2022, the amount of common clay imported into Greece dropped dramatically to X tons, with a decrease of -25.3% compared with the previous year. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 145%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, common clay imports rose sharply to $X in 2022. Overall, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +51.1% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 56%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Spain (X tons) and Turkey (X tons) were the main suppliers of common clay imports to Greece, together accounting for 67% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +39.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest common clay suppliers to Greece were the United States ($X), Germany ($X) and Turkey ($X), with a combined 68% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +37.3%, 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 common clay import price amounted to $X per ton, increasing by 41% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, common clay import price increased by +74.0% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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