Greece: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Greece

The Greek market for plastics pipes and pipe fittings totaled $X in 2022, picking up by 13% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.6% against 2017 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Plastics Pipes And Pipe Fittings in Greece

In value terms, plastics pipe and pipe fitting production rose significantly to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +61.2% against 2015 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 36%. Over the period under review, production attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Exports of Plastics Pipes And Pipe Fittings

Exports from Greece

After four years of growth, overseas shipments of plastics pipes and pipe fittings decreased by -14% to X tons in 2022. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 32%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, plastics pipe and pipe fitting exports fell modestly to $X in 2022. In general, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 24%. The exports peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Bulgaria (X tons) was the main destination for plastics pipe and pipe fitting exports from Greece, accounting for a 22% share of total exports. Moreover, plastics pipe and pipe fitting exports to Bulgaria exceeded the volume sent to the second major destination, Cyprus (X tons), twofold. The third position in this ranking was held by Hungary (X tons), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bulgaria amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+11.2% per year) and Hungary (+25.5% per year).

In value terms, Bulgaria ($X), Cyprus ($X) and Hungary ($X) constituted the largest markets for plastics pipe and pipe fitting exported from Greece worldwide, together accounting for 34% of total exports. France, Serbia, Romania, the United States, Poland, Switzerland, Italy, Turkey, North Macedonia and Russia lagged somewhat behind, together accounting for a further 39%.

The United States, with a CAGR of +67.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, picking up by 15% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Greece

For the fifth year in a row, Greece recorded growth in overseas purchases of plastics pipes and pipe fittings, which increased by 5.6% to X tons in 2022. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, plastics pipe and pipe fitting imports totaled $X in 2022. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 67%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Bulgaria (X tons), Italy (X tons) and the Czech Republic (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Greece, together accounting for 62% of total imports. Turkey, Germany, Serbia, North Macedonia, France and Romania lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +205.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to Greece were Italy ($X), Bulgaria ($X) and the Czech Republic ($X), with a combined 56% share of total imports. Germany, Turkey, France, Serbia, North Macedonia and Romania lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, North Macedonia, with a CAGR of +166.7%, 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 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, reducing by -2.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, 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

Frequently Asked Questions (FAQ) :