Greece: Market for Plastic Doors, Windows And Their Frames 2024

Market Size for Plastic Doors, Windows And Their Frames in Greece

The Greek plastic doors and windows market declined to $X in 2022, waning by -7.5% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Plastic Doors, Windows And Their Frames in Greece

In value terms, plastic doors and windows production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Plastic doors and windows production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Plastic Doors, Windows And Their Frames

Exports from Greece

In 2022, the amount of plastic doors, windows and their frames exported from Greece soared to X units, growing by 50% against the previous year. In general, exports, however, continue to indicate a noticeable setback. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic doors and windows exports soared to $X in 2022. Overall, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.9% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units), Cyprus (X units) and Malta (X units) were the main destinations of plastic doors and windows exports from Greece, with a combined 73% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malta (with a CAGR of +33.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malta ($X), Italy ($X) and Cyprus ($X) were the largest markets for plastic doors and windows exported from Greece worldwide, together accounting for 68% of total exports.

Among the main countries of destination, Malta, with a CAGR of +33.4%, 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

In 2022, the average plastic doors and windows export price amounted to $X per unit, rising by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.6%. The pace of growth appeared the most rapid in 2014 an increase of 29% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Doors, Windows And Their Frames

Imports into Greece

In 2022, the amount of plastic doors, windows and their frames imported into Greece soared to X units, picking up by 15% compared with the previous year's figure. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.5% against 2017 indices. The growth pace was the most rapid in 2014 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plastic doors and windows imports skyrocketed to $X in 2022. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bulgaria (X units) constituted the largest plastic doors and windows supplier to Greece, with a 63% share of total imports. Moreover, plastic doors and windows imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Romania (X units), sixfold. The third position in this ranking was taken by Poland (X units), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+0.7% per year) and Poland (+24.0% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of plastic doors, windows and their frames to Greece, comprising 51% of total imports. The second position in the ranking was held by Poland ($X), with a 16% share of total imports. It was followed by Romania, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bulgaria stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+30.2% per year) and Romania (+5.4% per year).

Import Prices by Country

The average plastic doors and windows import price stood at $X per unit in 2022, growing by 1.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 20% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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