Greece: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Greece

In 2022, the Greek market for pure polyvinyl chloride in primary forms increased by 7.5% to $X, rising for the sixth year in a row after two years of decline. Overall, consumption continues to indicate resilient growth. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Greece

For the third year in a row, Greece recorded growth in shipments abroad of pure polyvinyl chloride in primary forms, which increased by 93% to X tons in 2022. In general, exports saw a tangible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 141% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of pure polyvinyl chloride in primary forms soared to $X in 2022. Overall, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X tons), North Macedonia (X tons) and Romania (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from Greece, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +18.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pure polyvinyl chloride in primary forms exported from Greece were Bulgaria ($X), North Macedonia ($X) and Romania ($X), together accounting for 75% of total exports.

Among the main countries of destination, Romania, with a CAGR of +21.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, with an increase of 7% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pure polyvinyl chloride in primary forms increased by +120.5% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 41% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to North Macedonia ($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 Croatia (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Greece

In 2022, overseas purchases of pure polyvinyl chloride in primary forms increased by 11% to X tons, rising for the sixth year in a row after two years of decline. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 21%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of pure polyvinyl chloride in primary forms rose significantly to $X in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Spain (X tons), the United States (X tons) and France (X tons) were the main suppliers of imports of pure polyvinyl chloride in primary forms to Greece, together comprising 70% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +39.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the United States ($X) and France ($X) were the largest pure polyvinyl chloride in primary forms suppliers to Greece, together accounting for 68% of total imports. Egypt, South Korea, Ukraine, Hungary, Belgium and Turkey lagged somewhat behind, together accounting for a further 25%.

Ukraine, with a CAGR of +59.4%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average import price for pure polyvinyl chloride in primary forms amounted to $X per ton, flattening at the previous year. Overall, import price indicated a measured increase 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, import price for pure polyvinyl chloride in primary forms increased by +70.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 72% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Hungary ($X per ton), while the price for Spain ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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