Greece: Market for Paper Sacks And Bags 2024

Market Size for Paper Sacks And Bags in Greece

In 2021, the Greek paper sack and bag market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Paper Sacks And Bags in Greece

In value terms, paper sack and bag production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Paper Sacks And Bags

Exports from Greece

In 2021, approx. X tons of paper sacks and bags were exported from Greece; shrinking by -3.9% against the year before. Over the period under review, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 15%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, paper sack and bag exports rose rapidly to $X in 2021. Overall, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 18% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X tons), Cyprus (X tons) and Bulgaria (X tons) were the main destinations of paper sack and bag exports from Greece, with a combined 58% share of total exports. These countries were followed by Albania, Italy, Lebanon, Germany, Spain, Iraq, France, the UK, Romania and North Macedonia, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of +266.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paper sack and bag exported from Greece were Cyprus ($X), Israel ($X) and Albania ($X), together comprising 58% of total exports. These countries were followed by Bulgaria, Italy, the UK, Lebanon, Germany, France, Spain, Iraq, Romania and North Macedonia, which together accounted for a further 30%.

Lebanon, with a CAGR of +230.2%, 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

The average paper sack and bag export price stood at $X per ton in 2021, growing by 15% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to North Macedonia ($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 Israel (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper Sacks And Bags

Imports into Greece

In 2021, approx. X tons of paper sacks and bags were imported into Greece; picking up by 35% compared with the year before. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 67%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, paper sack and bag imports skyrocketed to $X in 2021. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 73%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Serbia (X tons) constituted the largest paper sack and bag supplier to Greece, accounting for a 38% share of total imports. Moreover, paper sack and bag imports from Serbia exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Albania (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Serbia totaled +40.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.1% per year) and Albania (+3.3% per year).

In value terms, the largest paper sack and bag suppliers to Greece were Serbia ($X), Italy ($X) and China ($X), together accounting for 62% of total imports.

In terms of the main suppliers, Serbia, with a CAGR of +41.2%, 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 paper sack and bag import price stood at $X per ton in 2021, which is down by -6.8% against the previous year. Overall, the import price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 18%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bulgaria ($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 Czech Republic (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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