Greece: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Greece

For the third year in a row, the Greek prepared additives for cements market recorded growth in sales value, which increased by 48% to $X in 2022. Overall, consumption showed a resilient expansion. Prepared additives for cements consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Prepared Additives For Cements, Mortars Or Concretes in Greece

In value terms, prepared additives for cements production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 68% against the previous year. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Greece

In 2022, after four years of growth, there was significant decline in shipments abroad of prepared additives for cements, mortars or concretes, when their volume decreased by -15.6% to X tons. In general, exports showed a slight reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 35%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell remarkably in the following year.

In value terms, prepared additives for cements exports reduced rapidly to $X in 2022. Overall, exports, however, saw measured growth. The most prominent rate of growth was recorded in 2018 with an increase of 46%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Cyprus (X tons), Bulgaria (X tons) and China (X tons) were the main destinations of prepared additives for cements exports from Greece, together comprising 52% of total exports. Serbia, India, Germany, Albania, Israel and Romania lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +175.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared additives for cements exported from Greece were Serbia ($X), Cyprus ($X) and Germany ($X), with a combined 49% share of total exports. India, China, Bulgaria, Romania, Albania and Israel lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, India, with a CAGR of +135.9%, saw 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 prepared additives for cements export price amounted to $X per ton, which is down by -2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.9%. The most prominent rate of growth was recorded in 2021 an increase of 15%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Bulgaria ($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 Cyprus (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Greece

For the third consecutive year, Greece recorded growth in purchases abroad of prepared additives for cements, mortars or concretes, which increased by 68% to X tons in 2022. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 101%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, prepared additives for cements imports surged to $X in 2022. In general, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Romania (X tons) constituted the largest prepared additives for cements supplier to Greece, with a 47% share of total imports. Moreover, prepared additives for cements imports from Romania exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Romania amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+70.0% per year) and Italy (-5.6% per year).

In value terms, the largest prepared additives for cements suppliers to Greece were Romania ($X), Italy ($X) and the United States ($X), with a combined 76% share of total imports. Slovakia, Germany, Spain, Turkey and Austria lagged somewhat behind, together accounting for a further 18%.

Slovakia, with a CAGR of +54.7%, recorded 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

The average prepared additives for cements import price stood at $X per ton in 2022, picking up by 12% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared additives for cements import price increased by +28.2% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 50%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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