Greece: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Greece

For the third consecutive year, the Greek market for ready-mixed concrete and factory made mortars recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Ready-Mixed Concrete And Factory Made Mortars in Greece

In value terms, production of ready-mixed concrete and factory made mortars surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Greece

For the eleventh consecutive year, Greece recorded growth in shipments abroad of ready-mixed concrete and factory made mortars, which increased by X% to X tons in 2022. Over the period under review, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of ready-mixed concrete and factory made mortars rose significantly to $X in 2022. Overall, exports recorded a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Cyprus (X tons), Romania (X tons) and Bulgaria (X tons) were the main destinations of exports of ready-mixed concrete and factory made mortars from Greece, together accounting for X% of total exports. Lebanon, Malta, Libya, Kosovo, Germany and North Macedonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ready-mixed concrete and factory made mortar exported from Greece were Cyprus ($X), Romania ($X) and Bulgaria ($X), together comprising X% of total exports.

Romania, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average export price for ready-mixed concrete and factory made mortars amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted slightly in the following year.

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

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Greece

In 2022, imports of ready-mixed concrete and factory made mortars into Greece reduced markedly to X tons, with a decrease of X% compared with the previous year's figure. Overall, imports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, imports of ready-mixed concrete and factory made mortars declined significantly to $X in 2022. Over the period under review, imports, however, recorded strong growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of ready-mixed concrete and factory made mortar to Greece, accounting for a X% share of total imports. Moreover, imports of ready-mixed concrete and factory made mortars from Italy exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), twofold. Poland (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Poland (X% per year).

In value terms, Italy ($X) constituted the largest supplier of ready-mixed concrete and factory made mortars to Greece, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

Import Prices by Country

The average import price for ready-mixed concrete and factory made mortars stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Poland ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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