Greece: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Greece

In 2022, the Greek plastic reservoir market increased by 31% to $X, rising for the fifth consecutive year after three years of decline. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +110.6% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plastic Reservoir Production in Greece

In value terms, plastic reservoir production skyrocketed to $X in 2022 estimated in export price. In general, production showed a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 65%. Over the period under review, production attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Plastic Reservoir Exports

Exports from Greece

In 2022, shipments abroad of plastic reservoirs, tanks and vats was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 71%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, plastic reservoir exports dropped to $X in 2022. In general, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 39%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for plastic reservoir exports from Greece, accounting for a 56% share of total exports. Moreover, plastic reservoir exports to Romania exceeded the volume sent to the second major destination, Bulgaria (X tons), twofold. North Macedonia (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+2.0% per year) and North Macedonia (+19.1% per year).

In value terms, Romania ($X), Bulgaria ($X) and North Macedonia ($X) appeared to be the largest markets for plastic reservoir exported from Greece worldwide, with a combined 87% share of total exports.

North Macedonia, with a CAGR of +10.6%, saw 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 mixed trend patterns.

Export Prices by Country

In 2022, the average plastic reservoir export price amounted to $X per ton, with a decrease of -16% against the previous year. Over the period under review, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Romania ($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 Italy (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Reservoir Imports

Imports into Greece

Plastic reservoir imports into Greece surged to X tons in 2022, with an increase of 40% compared with 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +8.5% 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 +106.5% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic reservoir imports skyrocketed to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +110.4% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Bulgaria (X tons) and Italy (X tons) were the main suppliers of plastic reservoir imports to Greece, with a combined 79% share of total imports. Turkey, Serbia, Poland and Romania lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +67.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Bulgaria ($X) appeared to be the largest plastic reservoir suppliers to Greece, with a combined 73% share of total imports. Turkey, Serbia, Poland and Romania lagged somewhat behind, together comprising a further 12%.

Among the main suppliers, Serbia, with a CAGR of +70.7%, 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 plastic reservoir import price amounted to $X per ton, declining by -8.5% against the previous year. Overall, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2020 an increase of 16% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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