Greece: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Greece

The Greek polyethylene glycol and polyether market soared to $X in 2021, jumping by 70% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Greece

In 2021, the amount of polyethylene glycols and polyethers in primary forms exported from Greece dropped notably to X tons, which is down by -42.4% on the previous year's figure. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 53%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, polyethylene glycol and polyether exports shrank remarkably to $X in 2021. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 50%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons), Kosovo (X tons) and Poland (X tons) were the main destinations of polyethylene glycol and polyether exports from Greece, together accounting for 49% of total exports.

From 2012 to 2021, the biggest increases were recorded for Kosovo (with a CAGR of +5,971.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene glycol and polyether exported from Greece were Cyprus ($X), Brazil ($X) and Kosovo ($X), with a combined 42% share of total exports.

Kosovo, with a CAGR of +6,807.6%, 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

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, with an increase of 39% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polyethylene glycol and polyether export price increased by +67.1% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Bulgaria ($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 Belgium (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Greece

In 2021, imports of polyethylene glycols and polyethers in primary forms into Greece soared to X tons, with an increase of 32% compared with 2020 figures. Overall, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. Over the period under review, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Romania (X tons) were the main suppliers of polyethylene glycol and polyether imports to Greece, with a combined 63% share of total imports. These countries were followed by China, Spain, Italy and Belgium, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +271.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Romania ($X) appeared to be the largest polyethylene glycol and polyether suppliers to Greece, together comprising 59% of total imports. These countries were followed by China, Spain, Italy and Belgium, which together accounted for a further 30%.

China, with a CAGR of +262.8%, saw the highest growth rate of the value of imports, among the main suppliers 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 polyethylene glycol and polyether import price amounted to $X per ton, rising by 36% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and China ($X per ton), while the price for Romania ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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