Greece: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in Greece

In 2021, the Greek organo-inorganic compounds market increased by 8.4% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Organo-Inorganic Compounds Exports

Exports from Greece

In 2021, the amount of organo-inorganic compounds (excluding organo-sulphur compounds) exported from Greece rose sharply to X tons, picking up by 8.8% compared with the previous year's figure. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 150%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, organo-inorganic compounds exports surged to $X in 2021. In general, exports enjoyed a strong expansion. The growth pace was the most rapid in 2017 when exports increased by 236%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cyprus (X tons), Italy (X tons) and Albania (X tons) were the main destinations of organo-inorganic compounds exports from Greece, with a combined 70% share of total exports. Bulgaria, Malta, Hungary, Romania and the Netherlands lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malta (with a CAGR of +151.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organo-inorganic compounds exported from Greece were Cyprus ($X), Italy ($X) and Albania ($X), together accounting for 66% of total exports. Bulgaria, Malta, Romania, Hungary and the Netherlands lagged somewhat behind, together comprising a further 19%.

Among the main countries of destination, Malta, with a CAGR of +160.4%, recorded 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

The average organo-inorganic compounds export price stood at $X per ton in 2021, with an increase of 33% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 154%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Hungary ($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 Italy (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into Greece

In 2021, the amount of organo-inorganic compounds (excluding organo-sulphur compounds) imported into Greece dropped modestly to X tons, with a decrease of -3.9% against 2020 figures. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% 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 decreased by -36.7% against 2014 indices. The pace of growth was the most pronounced in 2014 when imports increased by 132%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, organo-inorganic compounds imports surged to $X in 2021. Overall, imports saw a mild curtailment. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and China (X tons) were the main suppliers of organo-inorganic compounds imports to Greece, with a combined 46% 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 China (with a CAGR of +56.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) appeared to be the largest organo-inorganic compounds suppliers to Greece, together comprising 52% of total imports. China, India, Taiwan (Chinese), Slovenia, Spain, Italy and the UK lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, China, with a CAGR of +42.5%, 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 organo-inorganic compounds import price stood at $X per ton in 2021, growing by 32% against the previous year. In general, the import price, however, saw a abrupt contraction. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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