Greece: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Greece

The Greek market for plastic hoses and hose fittings reduced notably to $X in 2021, declining by -48.4% against the previous year. In general, consumption saw a noticeable slump. Plastic hose and hose fitting consumption peaked at $X in 2020, and then dropped dramatically in the following year.

Production of Plastic Hoses and Hose Fittings in Greece

In value terms, plastic hose and hose fitting production shrank notably to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 9.1%. Over the period under review, production attained the peak level at $X in 2020, and then fell rapidly in the following year.

Exports of Plastic Hoses and Hose Fittings

Exports from Greece

Plastic hose and hose fitting exports from Greece rose sharply to X tons in 2021, increasing by 7.8% compared with 2020. Overall, total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.5% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 29% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic hose and hose fitting exports expanded slightly to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 28%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Bulgaria (X tons) and the United States (X tons) were the main destinations of plastic hose and hose fitting exports from Greece, with a combined 52% share of total exports. Cyprus, Poland, Turkey, Germany, Romania, the UK, Kosovo, Albania, France and the Netherlands lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +76.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for plastic hoses and hose fittings exports from Greece, comprising 34% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Poland, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.2% per year) and Poland (+92.5% per year).

Export Prices by Country

In 2021, the average export price for plastic hoses and hose fittings amounted to $X per ton, falling by -5.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Bulgaria ($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 Kosovo (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Greece

In 2021, overseas purchases of plastic hoses and hose fittings increased by 25% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +31.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 34% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +107.0% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest plastic hose and hose fitting supplier to Greece, with a 33% share of total imports. Moreover, plastic hose and hose fitting imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.0% per year) and Turkey (-0.7% per year).

In value terms, Italy ($X), Germany ($X) and Israel ($X) were the largest plastic hose and hose fitting suppliers to Greece, together comprising 54% of total imports. Bulgaria, China, Turkey, South Korea, Austria and France lagged somewhat behind, together accounting for a further 27%.

South Korea, with a CAGR of +55.0%, saw the highest growth rate of the value of imports, in terms of 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 import price for plastic hoses and hose fittings stood at $X per ton in 2021, growing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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