Greece: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Greece

The Greek acyclic hydrocarbons derivatives market surged to $X in 2021, growing by 32% 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). Overall, consumption, however, recorded a pronounced slump. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports from Greece

In 2021, shipments abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons decreased by -42.2% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by 163%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives exports declined remarkably to $X in 2021. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 252% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Poland (X tons) and Bahamas (X kg) were the main destinations of acyclic hydrocarbons derivatives exports from Greece, together comprising 88% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +149.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acyclic hydrocarbons derivatives exported from Greece were the UK ($X), Poland ($X) and Marshall Islands ($X), together accounting for 91% of total exports.

Among the main countries of destination, the UK, with a CAGR of +135.5%, 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 acyclic hydrocarbons derivatives export price stood at $X per ton in 2021, rising by 32% against the previous year. In general, the export price showed strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 79%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Romania ($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 Romania (+38.5%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Derivatives Imports

Imports into Greece

In 2021, imports of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons into Greece surged to X tons, growing by 16% compared with 2020. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 83% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, acyclic hydrocarbons derivatives imports soared to $X in 2021. Overall, imports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 131% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of acyclic hydrocarbons derivatives imports to Greece, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +75.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Spain ($X) appeared to be the largest acyclic hydrocarbons derivatives suppliers to Greece, with a combined 80% share of total imports.

Spain, with a CAGR of +61.9%, recorded 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 acyclic hydrocarbons derivatives import price amounted to $X per ton, rising by 9.6% against the previous year. In general, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acyclic hydrocarbons derivatives import price decreased by -9.5% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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