Greece: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Greece

The Greek polishes for coachwork market reduced slightly to $X in 2022, falling by -4.9% against the previous year. In general, consumption showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Polishes For Coachwork Production in Greece

In value terms, polishes for coachwork production shrank to $X in 2022 estimated in export price. Overall, production saw a abrupt decline. The pace of growth was the most pronounced in 2015 when the production volume increased by 56% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polishes For Coachwork Exports

Exports from Greece

In 2022, approx. X tons of polishes for coachwork were exported from Greece; shrinking by -5.1% on the previous year's figure. Overall, exports showed a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 63%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polishes for coachwork exports contracted to $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 45%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Albania (X tons), Romania (X tons) and Saudi Arabia (X tons) were the main destinations of polishes for coachwork exports from Greece, with a combined 62% share of total exports. Cyprus, South Africa, Russia, Serbia, Hungary, North Macedonia, Turkey and Sweden lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +137.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polishes for coachwork exported from Greece were Cyprus ($X), Romania ($X) and Saudi Arabia ($X), with a combined 46% share of total exports. South Africa, Albania, Russia, Turkey, Hungary, Serbia, North Macedonia and Sweden lagged somewhat behind, together comprising a further 33%.

Sweden, with a CAGR of +117.4%, recorded the highest rates of growth with regard to 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

The average polishes for coachwork export price stood at $X per ton in 2022, remaining stable against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polishes for coachwork export price increased by +78.9% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 90% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 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 Cyprus ($X per ton), while the average price for exports to Albania ($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 South Africa (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Greece

In 2022, approx. X tons of polishes for coachwork were imported into Greece; almost unchanged from the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, polishes for coachwork imports totaled $X in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 14%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of polishes for coachwork to Greece, accounting for a 46% share of total imports. Moreover, polishes for coachwork imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+37.2% per year) and Italy (+6.3% per year).

In value terms, Germany ($X) constituted the largest supplier of polishes for coachwork to Greece, comprising 47% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Italy, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+65.4% per year) and Italy (+6.9% per year).

Import Prices by Country

In 2022, the average polishes for coachwork import price amounted to $X per ton, approximately reflecting the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polishes for coachwork import price increased by +72.6% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 51% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

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 the Netherlands ($X per ton), while the price for China ($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 Netherlands (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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