Greece: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Greece

The Greek double or complex silicates market shrank markedly to $X in 2021, reducing by -41.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a strong expansion. Double or complex silicates consumption peaked at $X in 2020, and then declined rapidly in the following year.

Exports of Double Or Complex Silicates

Exports from Greece

Double or complex silicates exports from Greece surged to X tons in 2021, with an increase of 622% compared with the year before. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, double or complex silicates exports surged to $X in 2021. Over the period under review, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

North Macedonia (X tons) was the main destination for double or complex silicates exports from Greece, accounting for a 71% share of total exports. Moreover, double or complex silicates exports to North Macedonia exceeded the volume sent to the second major destination, France (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to North Macedonia was relatively modest.

In value terms, North Macedonia ($X) emerged as the key foreign market for double or complex silicates exports from Greece, comprising 88% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to North Macedonia was relatively modest.

Export Prices by Country

In 2021, the average double or complex silicates export price amounted to $X per ton, which is down by -46.8% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2019 an increase of 107% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 North Macedonia ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (-2.2%), while the prices for the other major destinations experienced a decline.

Imports of Double Or Complex Silicates

Imports into Greece

Double or complex silicates imports into Greece fell remarkably to X tons in 2021, declining by -24.9% on the previous year. Overall, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 91% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped sharply in the following year.

In value terms, double or complex silicates imports shrank remarkably to $X in 2021. In general, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2013 with an increase of 135% against the previous year. Imports peaked at $X in 2020, and then fell markedly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest double or complex silicates supplier to Greece, accounting for a 38% share of total imports. Moreover, double or complex silicates imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +61.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.9% per year) and Spain (+14.2% per year).

In value terms, the largest double or complex silicates suppliers to Greece were Germany ($X), India ($X) and the Netherlands ($X), with a combined 70% share of total imports.

India, with a CAGR of +64.9%, 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 2021, the average double or complex silicates import price amounted to $X per ton, waning by -27.1% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, double or complex silicates import price increased by +69.8% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 60%. As a result, import price attained the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+191.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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