Greece: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Greece

The Greek market for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022, standing approx. at the previous year. Over the period under review, consumption saw a deep downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Greece

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022 estimated in export price. Overall, production showed a abrupt downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by 99.9% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Greece

Exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Greece shrank notably to X tons in 2016, which is down by -17.5% on 2015. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 819%. As a result, the exports attained the peak of X tons. From 2015 to 2016, the growth of the exports of failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced dramatically to $X in 2016. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 when exports increased by 832% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons), Italy (X tons) and Romania (X tons) were the main destinations of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Greece, together accounting for 84% of total exports.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +45.8%), while the other leaders experienced mixed trend patterns.

In value terms, Bulgaria ($X), Italy ($X) and Romania ($X) were the largest markets for polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Greece worldwide, with a combined 84% share of total exports.

Italy, with a CAGR of +19.3%, 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 a decline.

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, shrinking by -11% against the previous year. In general, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2014 when the average export price increased by 1.4% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2016, amid the top suppliers, the countries with the highest prices were Romania ($X per ton) and Bulgaria ($X per ton), while the average price for exports to Italy ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-12.8%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Greece

In 2016, purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -27.4% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 140% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2016, the growth of imports of remained at a lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted remarkably to $X in 2016. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 131%. As a result, imports reached the peak of $X. From 2014 to 2016, the growth of imports of remained at a lower figure.

Imports by Country

Turkey (X tons), South Korea (X tons) and Spain (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Greece, together comprising 64% of total imports.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +148.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Greece were Turkey ($X), South Korea ($X) and Spain ($X), with a combined 63% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +114.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, waning by -9.5% against the previous year. Overall, the import price faced a deep contraction. The pace of growth was the most pronounced in 2013 when the average import price decreased by -3.5%. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2016, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Spain ($X per ton), while the price for India ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Oman (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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