Greece: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Greece

In 2021, after two years of decline, there was significant growth in the Greek reclaimed rubber market, when its value increased by 5.2% to $X. Overall, consumption, however, saw a significant increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Reclaimed Rubber Production in Greece

In value terms, reclaimed rubber production stood at $X in 2021 estimated in export price. Overall, production recorded a abrupt decrease. Reclaimed rubber production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Reclaimed Rubber Exports

Exports from Greece

Reclaimed rubber exports from Greece dropped markedly to X tons in 2021, declining by -53.2% on 2020 figures. Overall, exports, however, saw slight growth. The growth pace was the most rapid in 2018 with an increase of 1,759%. The exports peaked at X tons in 2020, and then declined remarkably in the following year.

In value terms, reclaimed rubber exports declined sharply to $X in 2021. In general, exports recorded a pronounced slump. The growth pace was the most rapid in 2018 with an increase of 617%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for reclaimed rubber exports from Greece, with a 63% share of total exports. Moreover, reclaimed rubber exports to the United Arab Emirates exceeded the volume sent to the second major destination, Egypt (X tons), fivefold. The third position in this ranking was taken by Bulgaria (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +68.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-73.2% per year) and Bulgaria (-0.7% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for reclaimed rubber exports from Greece, comprising 61% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 13% share of total exports. It was followed by Egypt, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +53.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+1.7% per year) and Egypt (-66.9% per year).

Export Prices by Country

The average reclaimed rubber export price stood at $X per ton in 2021, increasing by 44% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 259%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Egypt ($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 Egypt (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Greece

Reclaimed rubber imports into Greece reached X tons in 2021, rising by 2.5% on 2020 figures. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 271% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, reclaimed rubber imports reduced to $X in 2021. In general, imports saw temperate growth. The pace of growth appeared the most rapid in 2019 with an increase of 434%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of reclaimed rubber imports to Greece, together accounting for 88% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +109.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest reclaimed rubber suppliers to Greece were Germany ($X), China ($X) and Belgium ($X), together comprising 80% of total imports.

Germany, with a CAGR of +67.8%, saw the highest rates of growth with regard to 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 2021, the average reclaimed rubber import price amounted to $X per ton, waning by -8.4% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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