Greece: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Greece

In 2021, the Greek market for prepared glues and other prepared adhesives decreased by -4.4% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption saw a mild slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Greece

In value terms, production of prepared glues and other prepared adhesives stood at $X in 2021 estimated in export price. In general, production, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Greece

In 2021, approx. X tons of prepared glues and other prepared adhesives were exported from Greece; growing by 47% compared with 2020. In general, exports, however, saw a slight slump. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of prepared glues and other prepared adhesives soared to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 25%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Bulgaria (X tons), Cyprus (X tons) and Thailand (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Greece, with a combined 63% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (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 prepared glues and other prepared adhesives exported from Greece were Cyprus ($X), Bulgaria ($X) and Turkey ($X), with a combined 44% share of total exports. Italy, Albania, Armenia, Israel, Thailand, North Macedonia, China, Malta and Romania lagged somewhat behind, together comprising a further 30%.

Thailand, with a CAGR of +77.3%, recorded the highest rates of growth with regard to the value of exports, among 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 export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, waning by -16.8% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for prepared glues and other prepared adhesives increased by +53.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 73%. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Greece

Imports of prepared glues and other prepared adhesives into Greece expanded notably to X tons in 2021, picking up by 5.6% on the previous year. Overall, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.1% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 22%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +16.0% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and France (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Greece, together accounting for 61% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +25.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives suppliers to Greece were Germany ($X), France ($X) and Italy ($X), with a combined 71% share of total imports.

France, with a CAGR of +25.8%, saw the highest rates of growth with regard to 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

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, picking up by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2014 an increase of 15%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :