Greece: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Greece

The Greek polyvinyl chloride market rose markedly to $X in 2022, growing by 10% against the previous year. Overall, consumption recorded a buoyant increase. Polyvinyl chloride consumption peaked in 2022 and is likely to continue growth in the immediate term.

Polyvinyl Chloride Production in Greece

In value terms, polyvinyl chloride production declined to $X in 2022 estimated in export price. In general, production continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 174% against the previous year. Polyvinyl chloride production peaked at $X in 2021, and then reduced in the following year.

Polyvinyl Chloride Exports

Exports from Greece

After two years of growth, overseas shipments of polyvinyl chloride decreased by -10.5% to X tons in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 40%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, polyvinyl chloride exports declined to $X in 2022. Overall, exports saw a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 108%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons), Bulgaria (X tons) and North Macedonia (X tons) were the main destinations of polyvinyl chloride exports from Greece, with a combined 77% share of total exports. Turkey, Serbia, Belgium, Cyprus and Albania lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +76.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyvinyl chloride exported from Greece were Romania ($X), Bulgaria ($X) and North Macedonia ($X), together comprising 74% of total exports. Turkey, Cyprus, Belgium, Serbia and Albania lagged somewhat behind, together accounting for a further 21%.

Belgium, with a CAGR of +84.2%, recorded 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 more modest paces of growth.

Export Prices by Country

The average polyvinyl chloride export price stood at $X per ton in 2022, increasing by 2.1% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride export price increased by +57.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 54%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Cyprus ($X per ton), while the average price for exports to Serbia ($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 Albania (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Greece

In 2022, imports of polyvinyl chloride into Greece expanded remarkably to X tons, surging by 12% against the previous year. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 20%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, polyvinyl chloride imports expanded remarkably to $X in 2022. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 74% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Spain (X tons), the United States (X tons) and France (X tons) were the main suppliers of polyvinyl chloride imports to Greece, together comprising 62% of total imports. Egypt, Italy, South Korea, Ukraine, Hungary, Turkey and Belgium lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +37.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the United States ($X) and France ($X) constituted the largest polyvinyl chloride suppliers to Greece, with a combined 56% share of total imports. Italy, Egypt, South Korea, Ukraine, Hungary, Belgium and Turkey lagged somewhat behind, together accounting for a further 35%.

Ukraine, with a CAGR of +59.6%, 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 2022, the average polyvinyl chloride import price amounted to $X per ton, waning by -2.8% against the previous year. Over the period under review, import price indicated notable growth 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, polyvinyl chloride import price increased by +64.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 69% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

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 Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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