Greece: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Greece

The Greek market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground skyrocketed to $X in 2022, with an increase of 17% against the previous year. Overall, consumption, however, posted a remarkable increase. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Greece

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The growth pace was the most rapid in 2018 when the production volume increased by 71% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Greece

After two years of decline, shipments abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 65% to X square meters in 2022. Overall, exports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2015 with an increase of 223%. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at X square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 67% against the previous year. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Greece, accounting for a 62% share of total exports. Moreover, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Bulgaria exceeded the volume sent to the second major destination, North Macedonia (X square meters), fivefold. The third position in this ranking was held by Serbia (X square meters), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bulgaria totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-17.1% per year) and Serbia (+51.9% per year).

In value terms, North Macedonia ($X), Bulgaria ($X) and Serbia ($X) constituted the largest markets for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from Greece worldwide, with a combined 70% share of total exports. Cyprus, France and Albania lagged somewhat behind, together comprising a further 25%.

France, with a CAGR of +87.0%, 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 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, shrinking by -25.3% against the previous year. In general, the export price, however, posted mild growth. The pace of growth was the most pronounced in 2021 an increase of 82% against the previous year. As a result, the export price attained the peak level of $X per square meter, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per square meter), while the average price for exports to Bulgaria ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Greece

Imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground into Greece fell to X square meters in 2022, waning by -12.8% against 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 37%. As a result, imports attained the peak of X square meters. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground skyrocketed to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Italy (X square meters), Bulgaria (X square meters) and Iran (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Greece, with a combined 62% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +101.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground suppliers to Greece were Italy ($X), Bulgaria ($X) and Iran ($X), with a combined 61% share of total imports.

In terms of the main suppliers, Iran, with a CAGR of +119.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, picking up by 59% against the previous year. Overall, the import price enjoyed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per square meter), while the price for Egypt ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform