Greece: Isocyanates Market 2024

Isocyanates Market Size in Greece

The Greek isocyanates market contracted modestly to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a noticeable decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Isocyanates Production in Greece

In value terms, isocyanates production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Isocyanates production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Isocyanates Exports

Exports from Greece

In 2022, shipments abroad of isocyanates increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, isocyanates exports surged to $X in 2022. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Albania (X tons) was the main destination for isocyanates exports from Greece, with a X% share of total exports. Moreover, isocyanates exports to Albania exceeded the volume sent to the second major destination, Serbia (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Albania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Turkey (X% per year).

In value terms, Albania ($X) emerged as the key foreign market for isocyanates exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Serbia ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Albania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Turkey (X% per year).

Export Prices by Country

The average isocyanates export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per ton) and Turkey ($X per ton), while the average price for exports to Serbia ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Isocyanates Imports

Imports into Greece

In 2022, isocyanates imports into Greece contracted dramatically to X tons, which is down by X% compared with the previous year. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, isocyanates imports reduced rapidly to $X in 2022. Overall, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Hungary (X tons) and Belgium (X tons) were the main suppliers of isocyanates imports to Greece, together accounting for X% of total imports.

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

In value terms, South Korea ($X), Hungary ($X) and Belgium ($X) constituted the largest isocyanates suppliers to Greece, together accounting for X% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, 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 isocyanates import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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