Greece: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Greece

The Greek high-tenacity filament polyester yarn market shrank markedly to $X in 2021, waning by -30.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a noticeable downturn. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Greece

High-tenacity filament polyester yarn exports from Greece skyrocketed to X tons in 2021, with an increase of 18% compared with the previous year's figure. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 662%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn exports totaled $X in 2021. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 522% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X tons) was the main destination for high-tenacity filament polyester yarn exports from Greece, with a 74% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Austria exceeded the volume sent to the second major destination, Romania (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to Austria stood at +111.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+5.1% per year) and the Netherlands (+9.4% per year).

In value terms, Austria ($X) emerged as the key foreign market for high-tenacity filament yarn of polyesters exports from Greece, comprising 59% of total exports. The second position in the ranking was taken by Romania ($X), with a 16% share of total exports. It was followed by the Netherlands, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria totaled +99.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+12.7% per year) and the Netherlands (+17.3% per year).

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, with a decrease of -3.1% against the previous year. In general, the export price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 99% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Austria ($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 Romania (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Greece

In 2021, approx. X tons of high-tenacity filament yarn of polyesters were imported into Greece; waning by -45.4% on 2020 figures. Overall, imports showed a mild setback. The pace of growth appeared the most rapid in 2016 with an increase of 111%. Over the period under review, imports hit record highs at X tons in 2020, and then fell markedly in the following year.

In value terms, high-tenacity filament polyester yarn imports reduced to $X in 2021. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 61% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Vietnam (X tons) and the Netherlands (X tons) were the main suppliers of high-tenacity filament polyester yarn imports to Greece, together comprising 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +35.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest high-tenacity filament polyester yarn suppliers to Greece were China ($X), Vietnam ($X) and the Netherlands ($X), together accounting for 79% of total imports.

The Netherlands, with a CAGR of +17.4%, 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 high-tenacity filament polyester yarn import price stood at $X per ton in 2021, surging by 62% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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