Greece: Market for Other Plastic Tubes, Pipes and Hoses 2024

Market Size for Other Plastic Tubes, Pipes and Hoses in Greece

In 2022, after two years of growth, there was decline in the Greek market for other plastic tubes, pipes and hoses, when its value decreased by -3.8% to $X. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.4% against 2014 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Other Plastic Tubes, Pipes and Hoses in Greece

In value terms, production of other plastic tubes, pipes and hoses rose sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +92.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Production of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Other Plastic Tubes, Pipes and Hoses

Exports from Greece

In 2022, the amount of other plastic tubes, pipes and hoses exported from Greece totaled X tons, increasing by 3.4% compared with the year before. Over the period under review, exports, however, saw a deep slump. The growth pace was the most rapid in 2020 when exports increased by 50%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of other plastic tubes, pipes and hoses rose rapidly to $X in 2022. In general, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 31% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tons), Bulgaria (X tons) and Albania (X tons) were the main destinations of exports of other plastic tubes, pipes and hoses from Greece, with a combined 63% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +54.9%), while the other leaders experienced mixed trend patterns.

In value terms, Serbia ($X) remains the key foreign market for other plastic tubes, pipes and hoses exports from Greece, comprising 34% of total exports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total exports. It was followed by Bulgaria, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Serbia stood at +62.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-10.4% per year) and Bulgaria (-3.3% per year).

Export Prices by Country

The average export price for other plastic tubes, pipes and hoses stood at $X per ton in 2022, growing by 5.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 20%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Albania ($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 Equatorial Guinea (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Plastic Tubes, Pipes and Hoses

Imports into Greece

In 2022, after three years of growth, there was significant decline in supplies from abroad of other plastic tubes, pipes and hoses, when their volume decreased by -11.7% to X tons. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 31% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, imports of other plastic tubes, pipes and hoses dropped to $X in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest other plastic tubes, pipes and hoses supplier to Greece, with a 40% share of total imports. Moreover, imports of other plastic tubes, pipes and hoses from Italy exceeded the figures recorded by the second-largest supplier, Israel (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+22.6% per year) and Turkey (-3.2% per year).

In value terms, Italy ($X) constituted the largest supplier of other plastic tubes, pipes and hoses to Greece, comprising 42% of total imports. The second position in the ranking was held by Israel ($X), with a 14% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+26.4% per year) and Germany (+4.0% per year).

Import Prices by Country

In 2022, the average import price for other plastic tubes, pipes and hoses amounted to $X per ton, with an increase of 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2021 an increase of 25%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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