Greece: Cyclic Hydrocarbons Market 2025

Cyclic Hydrocarbons Market Size in Greece

The Greek cyclic hydrocarbons market fell dramatically to $X in 2021, dropping by -26.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt contraction. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from Greece

In 2020, after three years of growth, there was significant decline in shipments abroad of other cyclic hydrocarbons, when their volume decreased by -58.7% to X tons. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2017 with an increase of 1,260%. Over the period under review, the exports hit record highs at X tons in 2019, and then reduced dramatically in the following year.

In value terms, cyclic hydrocarbons exports shrank notably to $X in 2020. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,231% against the previous year. Over the period under review, the exports hit record highs at $X in 2019, and then declined dramatically in the following year.

Exports by Country

Turkey (X tons) was the main destination for cyclic hydrocarbons exports from Greece, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Turkey amounted to +135.9%.

In value terms, Turkey ($X) also remains the key foreign market for other cyclic hydrocarbons exports from Greece.

From 2012 to 2020, the average annual growth rate of value to Turkey stood at +101.7%.

Export Prices by Country

In 2020, the average cyclic hydrocarbons export price amounted to $X per ton, with an increase of 12% against the previous year. Over the last eight years, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2018 when the average export price increased by 18%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2020.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2020, the rate of growth in terms of prices for Romania amounted to +12.9% per year.

Cyclic Hydrocarbons Imports

Imports into Greece

In 2021, approx. X tons of other cyclic hydrocarbons were imported into Greece; declining by -26.1% against the year before. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 6,953% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports fell markedly to $X in 2021. Overall, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2019 when imports increased by 5,052%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of cyclic hydrocarbons to Greece, with a 74% share of total imports. Moreover, cyclic hydrocarbons imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+43.5% per year) and France (+20.9% per year).

In value terms, the largest cyclic hydrocarbons suppliers to Greece were Spain ($X), Belgium ($X) and France ($X), with a combined 91% share of total imports.

Belgium, with a CAGR of +54.3%, saw 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

The average cyclic hydrocarbons import price stood at $X per ton in 2021, reducing by -10.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 89%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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