Greece: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Greece

In 2022, the Greek aromatic hydrocarbon mixtures market was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate a perceptible increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Aromatic Hydrocarbon Mixtures Exports

Exports from Greece

Aromatic hydrocarbon mixtures exports from Greece dropped remarkably to X tons in 2022, with a decrease of -47.3% against 2021 figures. Overall, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 295,770% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures exports contracted notably to $X in 2022. Over the period under review, exports faced a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 303,914%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Greece, with a 96% share of total exports. Moreover, aromatic hydrocarbon mixtures exports to Cyprus exceeded the volume sent to the second major destination, Spain (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Cyprus stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-15.6% per year) and Bulgaria (-53.6% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Greece, comprising 95% of total exports. The second position in the ranking was taken by Spain ($X), with a 4.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Cyprus stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-15.7% per year) and Bulgaria (-53.7% per year).

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 240% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average 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 Spain ($X per ton), while the average price for exports to Bulgaria ($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 Cyprus (+0.2%), while the prices for the other major destinations experienced a decline.

Aromatic Hydrocarbon Mixtures Imports

Imports into Greece

In 2022, after five years of decline, there was significant growth in overseas purchases of naphthalene and other aromatic hydrocarbon mixtures, when their volume increased by 154% to X tons. Overall, imports recorded a measured expansion. The pace of growth appeared the most rapid in 2013 with an increase of 182%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures imports soared to $X in 2022. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of aromatic hydrocarbon mixtures to Greece, with a 58% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from Spain exceeded the figures recorded by the second-largest supplier, Israel (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+21.3% per year) and Belgium (+23.0% per year).

In value terms, Spain ($X), Israel ($X) and Belgium ($X) were the largest aromatic hydrocarbon mixtures suppliers to Greece, together accounting for 98% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +23.3%, recorded the highest growth rate of 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 aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, with a decrease of -1.9% against the previous year. Over the period under review, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2018 an increase of 59%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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