Greece: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2025

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Greece

The Greek pigments, opacifiers and colours market surged to $X in 2022, with an increase of 16% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Pigments, opacifiers and colours consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Greece

In value terms, pigments, opacifiers and colours production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2020 when the production volume increased by 32%. Pigments, opacifiers and colours production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Greece

In 2022, overseas shipments of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by -18.8% to X tons, falling for the second consecutive year after five years of growth. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 70%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, pigments, opacifiers and colours exports contracted remarkably to $X in 2022. Overall, exports, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of 211% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Albania (X tons) was the main destination for pigments, opacifiers and colours exports from Greece, with a 80% share of total exports. Moreover, pigments, opacifiers and colours exports to Albania exceeded the volume sent to the second major destination, Cyprus (X tons), sixfold. Romania (X tons) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to Albania totaled +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+72.6% per year) and Romania (+88.6% per year).

In value terms, Albania ($X) remains the key foreign market for pigments, opacifiers and colours for ceramics, enamelling or glass exports from Greece, comprising 69% of total exports. The second position in the ranking was taken by Cyprus ($X), with an 8.2% share of total exports. It was followed by Bulgaria, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Albania stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+34.1% per year) and Bulgaria (+15.4% per year).

Export Prices by Country

The average pigments, opacifiers and colours export price stood at $X per ton in 2022, with a decrease of -9.3% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 111%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Cyprus ($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 Serbia (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Greece

In 2022, the amount of pigments, opacifiers and colours for ceramics, enamelling or glass imported into Greece soared to X tons, with an increase of 47% on the previous year. Overall, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 53%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, pigments, opacifiers and colours imports skyrocketed to $X in 2022. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 99% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany (X tons), Italy (X tons) and Sweden (X tons) were the main suppliers of pigments, opacifiers and colours imports to Greece, together comprising 96% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +29.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Italy ($X) and Sweden ($X) were the largest pigments, opacifiers and colours suppliers to Greece, together comprising 92% of total imports.

Germany, with a CAGR of +22.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pigments, opacifiers and colours import price stood at $X per ton in 2022, picking up by 13% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Germany ($X per ton), while the price for Sweden ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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