Greece: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Greece

The Greek market for polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021, rising by 32% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Greece

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms dropped to $X in 2021 estimated in export price. Overall, production showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 41%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Greece

After two years of decline, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 73% to X tons in 2021. Overall, exports, however, saw a slight shrinkage. Over the period under review, the exports of attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Over the period under review, exports, however, saw a drastic downturn. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Greece, with a 42% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to Romania exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Romania totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-3.9% per year) and Germany (+6.7% per year).

In value terms, Romania ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Greece, comprising 37% of total exports. The second position in the ranking was held by Bulgaria ($X), with an 18% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Romania totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-5.3% per year) and Germany (+0.6% per year).

Export Prices by Country

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, growing by 15% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to China ($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 the Netherlands (+6.0%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Greece

In 2021, the amount of polyethylene with a specific gravity of less than X, in primary forms imported into Greece expanded slightly to X tons, increasing by 4.2% on 2020 figures. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 9.3%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Italy (X tons) and Belgium (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Greece, together comprising 34% of total imports. Saudi Arabia, Turkey, Bulgaria, South Korea, the United States, Qatar, Austria, India, the Netherlands and the UK lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +101.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Belgium ($X) were the largest polyethylene with a specific gravity of less than X suppliers to Greece, with a combined 37% share of total imports. Turkey, Saudi Arabia, South Korea, the United States, Bulgaria, Qatar, the Netherlands, India, Austria and the UK lagged somewhat behind, together comprising a further 45%.

Among the main suppliers, India, with a CAGR of +90.3%, 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

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, jumping by 54% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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