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

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

In 2021, the Greek market for plastic fittings for tubes, pipes and hoses increased by 53% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.8% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Greece

In value terms, production of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +44.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 32% against the previous year. Over the period under review, production of attained the peak level in 2021 and is expected to retain growth in years to come.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Greece

In 2021, overseas shipments of plastic fittings for tubes, pipes and hoses increased by 13% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, exports posted a strong increase. The growth pace was the most rapid in 2017 when exports increased by 71% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, exports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 53%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Bulgaria (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Greece, accounting for a 33% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to Bulgaria exceeded the volume sent to the second major destination, Poland (X tons), twofold. Romania (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+5.9% per year) and Romania (+9.7% per year).

In value terms, the largest markets for plastic fittings for tubes, pipes and hoses exported from Greece were Bulgaria ($X), Romania ($X) and France ($X), with a combined 48% share of total exports. These countries were followed by Cyprus, Poland, Hungary, Germany, Italy and Albania, which together accounted for a further 33%.

Cyprus, with a CAGR of +18.1%, recorded the highest growth rate of 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

In 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, increasing by 4.4% against the previous year. In general, the export price, however, saw a slight contraction. The pace of growth appeared the most rapid in 2018 an increase of 13%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Poland ($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 Albania (+1.4%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Greece

For the third consecutive year, Greece recorded growth in overseas purchases of plastic fittings for tubes, pipes and hoses, which increased by 63% to X tons in 2021. Over the period under review, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. In general, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Greece, accounting for a 25% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+29.1% per year) and France (+17.8% per year).

In value terms, Italy ($X), Germany ($X) and France ($X) constituted the largest plastic fittings for tubes, pipes and hoses suppliers to Greece, together comprising 54% of total imports. Turkey, Austria, China, Romania, Spain, the Netherlands, Bulgaria and Serbia lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Serbia, with a CAGR of +53.5%, saw the highest rates of growth with regard to 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

In 2021, the average import price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, reducing by -2.3% against the previous year. In general, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat 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 ($X per ton), while the price for Serbia ($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 Netherlands (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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