Greece: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Greece

The Greek market for inorganic oxygen compounds of non-metals contracted remarkably to $X in 2021, with a decrease of -43.2% against the previous year. Over the period under review, consumption saw a abrupt descent. Inorganic oxygen compounds of non-metals consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Inorganic Oxygen Compounds Of Non-Metals in Greece

In value terms, inorganic oxygen compounds of non-metals production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight expansion. The growth pace was the most rapid in 2019 with an increase of 78% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Greece

In 2021, exports of inorganic oxygen compounds of non-metals from Greece reduced sharply to X tons, which is down by -33.1% compared with the previous year. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 158%. Over the period under review, the exports hit record highs at X tons in 2020, and then declined dramatically in the following year.

In value terms, inorganic oxygen compounds of non-metals exports stood at $X in 2021. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 126%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Bulgaria (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Greece, with a 73% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Bulgaria exceeded the volume sent to the second major destination, North Macedonia (X tons), tenfold. The third position in this ranking was taken by Albania (X tons), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+12.5% per year) and Albania (-79.2% per year).

In value terms, Bulgaria ($X) remains the key foreign market for inorganic oxygen compounds of non-metals exports from Greece, comprising 64% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 18% share of total exports. It was followed by Italy, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria amounted to +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+7.8% per year) and Italy (-8.0% per year).

Export Prices by Country

The average export price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, surging by 55% against the previous year. Over the period under review, the export price posted perceptible growth. The pace of growth was the most pronounced in 2019 an increase of 89%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Albania ($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 Albania (+54.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Greece

In 2021, approx. X tons of inorganic oxygen compounds of non-metals were imported into Greece; waning by -33% against 2020 figures. Over the period under review, imports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2017 when imports increased by 46%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, inorganic oxygen compounds of non-metals imports declined rapidly to $X in 2021. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 81%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Albania (X tons), Italy (X tons) and Hungary (X tons) were the main suppliers of inorganic oxygen compounds of non-metals imports to Greece, with a combined 97% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +60.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Albania ($X) and Hungary ($X) were the largest inorganic oxygen compounds of non-metals suppliers to Greece, with a combined 81% share of total imports.

Italy, with a CAGR of +60.8%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average import price for inorganic oxygen compounds of non-metals amounted to $X per ton, reducing by -36.8% against the previous year. Overall, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 27%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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