Greece: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Greece

In 2021, the Greek rubber-to-metal and moulded article market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Rubber-to-metal and moulded article consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Rubber-to-Metal and Moulded Articles in Greece

In value terms, rubber-to-metal and moulded article production declined to $X in 2021 estimated in export price. Overall, production saw temperate growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 373% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Greece

In 2021, the amount of rubber-to-metal and moulded articles exported from Greece rose rapidly to X tons, growing by 11% compared with the year before. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,731% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article exports reached $X in 2021. Over the period under review, exports recorded a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 3,168%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Cyprus (X tons), Bulgaria (X tons) and Romania (X tons) were the main destinations of rubber-to-metal and moulded article exports from Greece, with a combined 73% share of total exports. Denmark, Italy, Germany, Albania and the UK lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +448.6%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Denmark ($X) and Cyprus ($X) were the largest markets for rubber-to-metal and moulded article exported from Greece worldwide, with a combined 41% share of total exports.

Denmark, with a CAGR of +448.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, waning by -2.6% against the previous year. In general, the export price saw a pronounced contraction. The growth pace was the most rapid in 2013 when the average export price increased by 79% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Cyprus ($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 the UK (+16.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Greece

In 2021, the amount of rubber-to-metal and moulded articles imported into Greece soared to X tons, growing by 27% on the previous year's figure. Overall, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 315% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article imports contracted to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.5% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 143%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Thailand (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Greece, together accounting for 59% of total imports. These countries were followed by Turkey, Germany, Poland, Bulgaria, India, Belgium, Spain and Malaysia, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +40.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to Greece were Germany ($X), Italy ($X) and China ($X), together accounting for 50% of total imports. These countries were followed by Turkey, Belgium, Thailand, Spain, Bulgaria, Poland, India and Malaysia, which together accounted for a further 22%.

Bulgaria, with a CAGR of +24.9%, saw the highest growth rate of 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

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, reducing by -23.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 50%. As a result, import price attained the peak level of $X per ton, and then fell significantly in the following year.

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 ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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