Greece: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Greece

In 2022, the Greek polyphenols and phenol-alcohols market increased by 51% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption recorded buoyant growth. Polyphenols and phenol-alcohols consumption peaked in 2022 and is expected to retain growth in the immediate term.

Polyphenols And Phenol-Alcohols Exports

Exports from Greece

Polyphenols and phenol-alcohols exports from Greece skyrocketed to X kg in 2022, increasing by 570% compared with 2021 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X kg in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports soared to $X in 2022. In general, exports enjoyed a mild expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 295% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Israel (X kg) was the main destination for polyphenols and phenol-alcohols exports from Greece, with a 86% share of total exports. Moreover, polyphenols and phenol-alcohols exports to Israel exceeded the volume sent to the second major destination, Poland (X kg), ninefold. The third position in this ranking was taken by Cyprus (X kg), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Cyprus (+42.5% per year).

In value terms, Israel ($X) emerged as the key foreign market for polyphenols and phenol-alcohols exports from Greece, comprising 82% of total exports. The second position in the ranking was taken by Cyprus ($X), with an 8.6% share of total exports. It was followed by Poland, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Israel was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+46.8% per year) and Poland (0.0% per year).

Export Prices by Country

In 2022, the average polyphenols and phenol-alcohols export price amounted to $X per ton, falling by -80.3% against the previous year. Over the period under review, the export price, however, showed a modest increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 310%. The export price peaked at $X per ton in 2021, and then fell markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Poland ($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 Bulgaria (+43.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports into Greece

In 2022, approx. X tons of polyphenols and phenol-alcohols were imported into Greece; increasing by 87% on 2021 figures. In general, imports recorded a perceptible expansion. The pace of growth appeared the most rapid in 2016 with an increase of 228%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, polyphenols and phenol-alcohols imports dropped to $X in 2022. Overall, imports saw noticeable growth. The most prominent rate of growth was recorded in 2014 with an increase of 180%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest polyphenols and phenol-alcohols supplier to Greece, accounting for a 69% share of total imports. Moreover, polyphenols and phenol-alcohols imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was taken by Japan (X tons), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.7% per year) and Japan (+178.1% per year).

In value terms, Italy ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Greece, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.1% per year) and the UK (-3.6% per year).

Import Prices by Country

The average polyphenols and phenol-alcohols import price stood at $X per ton in 2022, declining by -49.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 193%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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