Greece: Glass Closure Market 2025

Glass Closure Market Size in Greece

The Greek glass closure market stood at $X in 2022, picking up by 3.1% against the previous year. In general, consumption, however, saw a mild reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Glass Closure Production in Greece

In value terms, glass closure production rose to $X in 2022 estimated in export price. Overall, production, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by 10% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Glass Closure Exports

Exports from Greece

In 2022, shipments abroad of glass stoppers, lids and other closures decreased by -23.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 3,291%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, glass closure exports surged to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 1,531% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Cyprus (X tons), Germany (X kg) and Italy (X kg) were the main destinations of glass closure exports from Greece, together accounting for 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +60.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Cyprus ($X) and Italy ($X) constituted the largest markets for glass closure exported from Greece worldwide, with a combined 99% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +75.5%, 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 glass closure export price stood at $X per ton in 2022, rising by 102% against the previous year. In general, the export price posted notable growth. The most prominent rate of growth was recorded in 2019 an increase of 114% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into Greece

In 2022, the amount of glass stoppers, lids and other closures imported into Greece surged to X tons, increasing by 96% against the previous year's figure. In general, imports, however, continue to indicate a abrupt decrease. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, glass closure imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and Bulgaria (X tons) were the main suppliers of glass closure imports to Greece, together accounting for 67% of total imports. The Czech Republic, Italy, France, Austria and Romania lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +96.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass closure suppliers to Greece were the Czech Republic ($X), Germany ($X) and Bulgaria ($X), with a combined 66% share of total imports. China, Italy, France, Austria and Romania lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Austria, with a CAGR of +91.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass closure import price amounted to $X per ton, shrinking by -6.5% against the previous year. Overall, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 75% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then contracted in the following year.

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 Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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