Greece: Envelope Market 2024

Envelope Market Size in Greece

The Greek envelope market rose notably to $X in 2021, growing by 11% against the previous year. Overall, consumption, however, continues to indicate a pronounced reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Envelope Production in Greece

In value terms, envelope production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 67%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Envelope Exports

Exports from Greece

In 2021, shipments abroad of envelopes decreased by -30.8% to X tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2019 with an increase of 202%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, envelope exports reduced to $X in 2021. In general, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 89%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Albania (X tons), Bulgaria (X tons) and Italy (X tons) were the main destinations of envelope exports from Greece, together accounting for 82% of total exports. Cyprus, the Netherlands, the UK, the United States and Switzerland lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +1,980.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for envelope exported from Greece were Albania ($X), Italy ($X) and Bulgaria ($X), together accounting for 58% of total exports. The United States, the UK, Switzerland, Cyprus and the Netherlands lagged somewhat behind, together comprising a further 21%.

The Netherlands, with a CAGR of +1,228.2%, saw 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 more modest paces of growth.

Export Prices by Country

In 2021, the average envelope export price amounted to $X per ton, picking up by 34% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 90%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Envelope Imports

Imports into Greece

In 2021, imports of envelopes into Greece declined to X tons, with a decrease of -7.5% on the previous year's figure. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by 35% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, envelope imports amounted to $X in 2021. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2014 when imports increased by 24% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Romania (X tons) constituted the largest supplier of envelope to Greece, with a 53% share of total imports. Moreover, envelope imports from Romania exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Romania totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.7% per year) and Italy (-4.7% per year).

In value terms, Romania ($X) constituted the largest supplier of envelopes to Greece, comprising 42% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Romania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-14.5% per year) and Italy (-7.7% per year).

Import Prices by Country

In 2021, the average envelope import price amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2016 an increase of 21% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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