Greece: Folding Boxboard Market 2024

Folding Boxboard Market Size in Greece

In 2021, the Greek folding boxboard market increased by 73% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded significant growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in years to come.

Folding Boxboard Production in Greece

In value terms, folding boxboard production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21% against the previous year. Folding boxboard production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Folding Boxboard Exports

Exports from Greece

In 2021, shipments abroad of folding boxboard decreased by -12% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2018 with an increase of 20%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, folding boxboard exports soared to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 26%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Turkey (X tons), Italy (X tons) and Romania (X tons) were the main destinations of folding boxboard exports from Greece, with a combined 64% share of total exports. Egypt, Bulgaria, Albania, North Macedonia, Morocco, Cyprus, Bosnia and Herzegovina, Hungary, Algeria and Serbia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +70.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Bulgaria ($X) constituted the largest markets for folding boxboard exported from Greece worldwide, together comprising 60% of total exports. Romania, Egypt, Albania, Cyprus, North Macedonia, Morocco, Bosnia and Herzegovina, Hungary, Algeria and Serbia lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Morocco, with a CAGR of +74.3%, saw the highest growth rate of 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

In 2021, the average folding boxboard export price amounted to $X per ton, with an increase of 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Turkey ($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 Bulgaria (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Folding Boxboard Imports

Imports into Greece

In 2021, imports of folding boxboard into Greece rose to X tons, increasing by 4.2% on the previous year's figure. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% 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 +87.8% against 2012 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 12% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, folding boxboard imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 +62.8% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland (X tons), Germany (X tons) and Serbia (X tons) were the main suppliers of folding boxboard imports to Greece, with a combined 45% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Finland ($X) and Serbia ($X) constituted the largest folding boxboard suppliers to Greece, together comprising 48% of total imports. China, Sweden, Turkey, Italy, Belgium, the United States, Slovenia, Austria and Ukraine lagged somewhat behind, together accounting for a further 34%.

China, with a CAGR of +16.8%, saw the highest rates of growth with regard to the value of imports, in terms of 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 folding boxboard import price stood at $X per ton in 2021, picking up by 13% against the previous year. In general, the import price, however, continues to indicate a mild decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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