Greece: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Greece

After eight years of growth, the Greek glass fibre and article market decreased by X% to $X in 2022. In general, consumption showed a prominent increase. As a result, consumption reached the peak level of $X, leveling off in the following year.

Exports of Glass Fibres and Glass Fibre Articles

Exports from Greece

In 2022, the amount of glass fibres and glass fibre articles exported from Greece stood at X tons, with an increase of X% on 2021 figures. Over the period under review, exports recorded a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, glass fibre and article exports expanded remarkably to $X in 2022. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Cyprus (X tons) was the main destination for glass fibre and article exports from Greece, with a X% share of total exports. Moreover, glass fibre and article exports to Cyprus exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The third position in this ranking was held by Malta (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Malta (X% per year).

In value terms, Cyprus ($X) remains the key foreign market for glass fibres and glass fibre articles exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Malta, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Malta (X% per year).

Export Prices by Country

In 2022, the average glass fibre and article export price amounted to $X per ton, approximately equating the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per ton) and Germany ($X per ton), while the average price for exports to Cyprus ($X per ton) and Malta ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (X%), while the prices for the other major destinations experienced a decline.

Imports of Glass Fibres and Glass Fibre Articles

Imports into Greece

In 2022, glass fibre and article imports into Greece totaled X tons, approximately mirroring the year before. Over the period under review, imports showed resilient growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, glass fibre and article imports reached $X in 2022. In general, imports posted a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Bulgaria (X tons) and China (X tons) were the main suppliers of glass fibre and article imports to Greece, with a combined X% share of total imports. The Czech Republic, Poland, Spain, Hungary, North Macedonia, Italy, Germany, France, Belgium and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by North Macedonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Bulgaria ($X) and China ($X) appeared to be the largest glass fibre and article suppliers to Greece, together comprising X% of total imports. Poland, the Czech Republic, Italy, Spain, Hungary, France, Germany, North Macedonia, the United States and Belgium lagged somewhat behind, together comprising a further X%.

North Macedonia, with a CAGR of X%, recorded 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 glass fibre and article import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain 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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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