Greece: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Greece

The Greek plastic household articles market was estimated at $X in 2022, with an increase of 13% against the previous year. Overall, consumption continues to indicate mild growth. Plastic household articles consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Plastic Household Articles Production in Greece

In value terms, plastic household articles production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 15% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then contracted in the following year.

Plastic Household Articles Exports

Exports from Greece

In 2022, shipments abroad of household articles and toilet articles of plastics decreased by -14% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 32%. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, plastic household articles exports dropped markedly to $X in 2022. Overall, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 24% against the previous year. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Cyprus (X tons) was the main destination for plastic household articles exports from Greece, with a 23% share of total exports. Moreover, plastic household articles exports to Cyprus exceeded the volume sent to the second major destination, Romania (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus totaled +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+54.1% per year) and Italy (+12.8% per year).

In value terms, the largest markets for plastic household articles exported from Greece were Spain ($X), the Netherlands ($X) and Belgium ($X), with a combined 41% share of total exports. Italy, Denmark, Cyprus, Hungary, Romania, the UK, Germany, Bulgaria, Albania and France lagged somewhat behind, together comprising a further 47%.

In terms of the main countries of destination, Romania, with a CAGR of +40.8%, 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

In 2022, the average plastic household articles export price amounted to $X per ton, dropping by -2.2% against the previous year. Over the period under review, the export price saw a mild reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 38% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Spain ($X per ton), while the average price for exports to Cyprus ($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 Spain (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Greece

For the third year in a row, Greece recorded growth in purchases abroad of household articles and toilet articles of plastics, which increased by 14% to X tons in 2022. Overall, imports recorded a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by 38% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, plastic household articles imports surged to $X in 2022. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2013 when imports increased by 26%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of plastic household articles imports to Greece, together comprising 72% of total imports. Israel, Romania, Germany, Spain, Bulgaria and the Netherlands lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +36.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Italy ($X) were the largest plastic household articles suppliers to Greece, with a combined 69% share of total imports. Israel, Germany, Spain, the Netherlands, Romania and Bulgaria lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Romania, with a CAGR of +33.4%, recorded 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

The average plastic household articles import price stood at $X per ton in 2022, increasing by 7.3% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The growth pace was the most rapid in 2016 an increase of 33%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Romania ($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 (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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