Greece: Dichloromethane Market 2024

Dichloromethane Market Size in Greece

For the third consecutive year, the Greek dichloromethane market recorded growth in sales value, which increased by 28% to $X in 2021. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Dichloromethane Exports

Exports from Greece

Dichloromethane exports from Greece soared to X tons in 2021, increasing by 26% against the previous year. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when exports increased by 95% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, dichloromethane exports soared to $X in 2021. Overall, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 105% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons), Albania (X tons) and North Macedonia (X tons) were the main destinations of dichloromethane exports from Greece, together comprising 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of +7.5%), while the other leaders experienced a decline.

In value terms, Romania ($X), Albania ($X) and North Macedonia ($X) constituted the largest markets for dichloromethane exported from Greece worldwide, with a combined 90% share of total exports.

North Macedonia, with a CAGR of +10.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average dichloromethane export price stood at $X per ton in 2021, increasing by 9.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 25%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Albania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+58.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dichloromethane Imports

Imports into Greece

In 2021, overseas purchases of dichloromethane (methylene chloride) decreased by -7.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 23%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, dichloromethane imports surged to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.6% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest dichloromethane supplier to Greece, with a 51% share of total imports. Moreover, dichloromethane imports from France exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by Bulgaria (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+342.3% per year) and Bulgaria (+36.6% per year).

In value terms, France ($X) constituted the largest supplier of dichloromethane (methylene chloride) to Greece, comprising 52% of total imports. The second position in the ranking was held by Turkey ($X), with a 12% share of total imports. It was followed by Bulgaria, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from France stood at +43.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+494.3% per year) and Bulgaria (+43.8% per year).

Import Prices by Country

In 2021, the average dichloromethane import price amounted to $X per ton, with an increase of 65% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were France ($X per ton) and Germany ($X per ton), while the price for Turkey ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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