Greece: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Greece

In 2021, the Greek vulcanised rubber mats market decreased by -4.3% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, continues to indicate buoyant growth. Vulcanised rubber mats consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Mats Exports

Exports from Greece

In 2021, approx. X tons of floor coverings and mats of vulcanised rubber were exported from Greece; jumping by 644% compared with 2020 figures. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber mats exports surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for vulcanised rubber mats exports from Greece, accounting for a 72% share of total exports. Moreover, vulcanised rubber mats exports to the UK exceeded the volume sent to the second major destination, Bulgaria (X tons), ninefold. The third position in this ranking was held by Cyprus (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +785.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+4.9% per year) and Cyprus (-0.5% per year).

In value terms, the largest markets for vulcanised rubber mats exported from Greece were the UK ($X), Bulgaria ($X) and Cyprus ($X), with a combined 82% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +515.2%, saw 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 vulcanised rubber mats export price stood at $X per ton in 2021, shrinking by -67.7% against the previous year. In general, the export price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 29%. As a result, the export price reached the peak level of $X per ton, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to the UK ($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 Hungary (+42.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Greece

In 2021, approx. X tons of floor coverings and mats of vulcanised rubber were imported into Greece; rising by 16% on the previous year. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +117.3% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 54% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, vulcanised rubber mats imports surged to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 80%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Turkey (X tons) and India (X tons) were the main suppliers of vulcanised rubber mats imports to Greece, together comprising 64% of total imports. These countries were followed by Spain, Germany, the Netherlands and Poland, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +232.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of floor coverings and mats of vulcanised rubber to Greece, comprising 25% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Poland, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.0% per year) and Poland (+191.1% per year).

Import Prices by Country

In 2021, the average vulcanised rubber mats import price amounted to $X per ton, increasing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. 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 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+37.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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