Greece: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Greece

In 2022, the Greek halogenated hydrocarbon derivative market increased by 71% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption recorded a relatively flat trend pattern. Halogenated hydrocarbon derivative consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Greece

In 2022, overseas shipments of halogenated derivatives of hydrocarbons increased by 60% to X tons, rising for the second year in a row after three years of decline. Overall, exports saw a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of 79% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative exports contracted slightly to $X in 2022. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 417%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons), North Macedonia (X tons) and Bahrain (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Greece, with a combined 70% share of total exports. The Netherlands, Bulgaria, Marshall Islands, Qatar and Cyprus lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +468.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Greece were Marshall Islands ($X), Turkey ($X) and the Netherlands ($X), together accounting for 32% of total exports. North Macedonia, Bahrain, Bulgaria, Qatar and Cyprus lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, Qatar, with a CAGR of +469.2%, 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

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, falling by -39.6% against the previous year. In general, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 327%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Turkey ($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 Cyprus (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Greece

In 2022, overseas purchases of halogenated derivatives of hydrocarbons increased by 76% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, halogenated hydrocarbon derivative imports surged to $X in 2022. Overall, imports recorded slight growth. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest halogenated hydrocarbon derivative supplier to Greece, accounting for a 32% share of total imports. Moreover, halogenated hydrocarbon derivative imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-10.6% per year) and Germany (-6.7% per year).

In value terms, Spain ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Greece, comprising 25% of total imports. The second position in the ranking was taken by Poland ($X), with a 12% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+230.0% per year) and Germany (+4.5% per year).

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, with a decrease of -4.8% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative import price increased by +72.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 38% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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