Greece: Flat Glass Market 2024

Flat Glass Market Size in Greece

In 2021, the Greek flat glass market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Flat Glass Production in Greece

In value terms, flat glass production rose to $X in 2021 estimated in export price. In general, production continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 71%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Flat Glass Exports

Exports from Greece

In 2021, exports of flat glass from Greece shrank notably to X tons, waning by -15.5% on 2020. In general, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 182% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, flat glass exports expanded significantly to $X in 2021. Overall, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -38.4% against 2019 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 54%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

North Macedonia (X tons), Bulgaria (X tons) and Kosovo (X tons) were the main destinations of flat glass exports from Greece, with a combined 71% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kosovo (with a CAGR of +902.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat glass exported from Greece were North Macedonia ($X), Albania ($X) and Cyprus ($X), together accounting for 56% of total exports. Canada, Kosovo, Bulgaria and the United States lagged somewhat behind, together comprising a further 38%.

Kosovo, with a CAGR of +478.4%, recorded the highest growth rate of 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 2021, the average flat glass export price amounted to $X per ton, rising by 35% against the previous year. In general, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 66% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Bulgaria ($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 Canada (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into Greece

In 2021, approx. X tons of flat glass were imported into Greece; increasing by 6.2% against 2020 figures. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.6% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 30% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, flat glass imports surged to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Romania (X tons), Bulgaria (X tons) and Italy (X tons) were the main suppliers of flat glass imports to Greece, together comprising 70% of total imports. Iran, Belgium, Russia, Egypt, Hungary, China and Israel lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +112.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) constituted the largest supplier of flat glass to Greece, comprising 38% of total imports. The second position in the ranking was held by Bulgaria ($X), with an 18% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Romania stood at +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+10.2% per year) and Italy (+0.9% per year).

Import Prices by Country

The average flat glass import price stood at $X per ton in 2021, growing by 41% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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