Greece: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Greece

In 2021, the Greek expansible polystyrene market decreased by -13.8% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption showed a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Expansible Polystyrene Production in Greece

In value terms, expansible polystyrene production reached $X in 2021 estimated in export price. In general, production recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Expansible Polystyrene Exports

Exports from Greece

In 2021, overseas shipments of expansible polystyrene in primary forms increased by 16% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene exports skyrocketed to $X in 2021. Overall, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons), Italy (X tons) and Poland (X tons) were the main destinations of expansible polystyrene exports from Greece, together comprising 57% of total exports. These countries were followed by Serbia, Bosnia and Herzegovina, the Czech Republic, Spain, Bulgaria, Germany, Slovakia, Hungary and Austria, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +162.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for expansible polystyrene exported from Greece were Romania ($X), Italy ($X) and Poland ($X), with a combined 57% share of total exports. Serbia, Bosnia and Herzegovina, the Czech Republic, Spain, Slovakia, Germany, Bulgaria, Hungary and Austria lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, the Czech Republic, with a CAGR of +166.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average expansible polystyrene export price stood at $X per ton in 2021, increasing by 86% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Slovakia ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Bulgaria ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports into Greece

In 2021, imports of expansible polystyrene in primary forms into Greece was estimated at X tons, picking up by 9.7% on the previous year. Overall, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, expansible polystyrene imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a mild setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons), France (X tons) and Germany (X tons) were the main suppliers of expansible polystyrene imports to Greece, together comprising 71% of total imports. These countries were followed by Turkey, Iran, Italy and Hungary, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +143.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), France ($X) and Germany ($X) constituted the largest expansible polystyrene suppliers to Greece, with a combined 72% share of total imports. Turkey, Iran, Italy and Hungary lagged somewhat behind, together comprising a further 21%.

Iran, with a CAGR of +157.7%, saw the highest growth rate of 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

The average expansible polystyrene import price stood at $X per ton in 2021, with an increase of 77% against the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Poland ($X per ton) and Germany ($X per ton), while the price for Iran ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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