Report Update Nov 1, 2024

Greece - Cumene - Market Analysis, Forecast, Size, Trends and Insights

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Greece: Cumene Market 2024

Cumene Market Size in Greece

In 2021, the Greek cumene market increased by 4.5% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a pronounced setback. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Cumene Production in Greece

In value terms, cumene production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 20%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Cumene Exports

Exports from Greece

In 2019, overseas shipments of cumene increased by 30% to X kg, rising for the second year in a row after two years of decline. In general, exports, however, saw a noticeable downturn. The growth pace was the most rapid in 2018 with an increase of 30%. The exports peaked at X kg in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

In value terms, cumene exports skyrocketed to $X in 2019. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2018 when exports increased by 17% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for cumene exports from Greece, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to the Netherlands totaled -2.5%.

In value terms, the Netherlands ($X) also remains the key foreign market for cumene exports from Greece.

From 2012 to 2019, the average annual growth rate of value to the Netherlands stood at -8.7%.

Export Prices by Country

The average cumene export price stood at $X per ton in 2019, waning by -9.7% against the previous year. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 0.1% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2019, the rate of growth in terms of prices for the Netherlands amounted to -6.4% per year.

Cumene Imports

Imports into Greece

In 2019, cumene imports into Greece fell notably to X kg, which is down by -49.2% on the previous year's figure. Over the period under review, imports continue to indicate a mild contraction. The growth pace was the most rapid in 2018 with an increase of 1,129% against the previous year. As a result, imports reached the peak of X kg, and then fell dramatically in the following year.

In value terms, cumene imports contracted remarkably to $X in 2019. In general, imports recorded a perceptible decline. The pace of growth appeared the most rapid in 2018 with an increase of 770%. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2019, the Netherlands (X kg) was the main cumene supplier to Greece, with a 92% share of total imports. Moreover, cumene imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume from the Netherlands totaled +3.6%.

In value terms, the Netherlands ($X) constituted the largest supplier of cumene to Greece, comprising 86% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of value from the Netherlands totaled +3.1%.

Import Prices by Country

The average cumene import price stood at $X per ton in 2019, growing by 10% against the previous year. In general, the import price, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2015 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2019, 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 Germany ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Germany (-0.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cumene in the world?

The countries with the highest volumes of cumene consumption in 2021 were Belgium, China and Japan, with a combined 73% share of global consumption. The United States, Singapore, Brazil and Germany lagged somewhat behind, together accounting for a further 21%.

What are the largest producers of cumene in the world?

The countries with the highest volumes of cumene production in 2021 were the Netherlands, Japan and Singapore, together comprising 78% of global production. The United States, Germany, Russia and Portugal lagged somewhat behind, together comprising a further 19%.

What are the leading suppliers of cumene to Greece?

In value terms, Belgium $475) constituted the largest supplier of cumene to Greece.

What are the leading importers of cumene from Greece?

In value terms, the Netherlands $189) remains the key foreign market for cumene exports from Greece.

What is the average export price for cumene in Greece?

In 2017, the average cumene export price amounted to $1,277 per ton, remaining relatively unchanged against the previous year.

What is the average import price for cumene in Greece?

In 2019, the average cumene import price amounted to $1,397 per ton, rising by 2.5% against the previous year.

This report provides an in-depth analysis of the cumene market in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141270 - Cumene

Country coverage:

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023