Greece: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Greece

In 2022, the Greek market for rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 9.8% to $X, rising for the fifth year in a row after two years of decline. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +63.4% against 2017 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Greece

In value terms, vinyl chloride polymer rigid pipes production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value 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, production increased by +68.6% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 34% against the previous year. Vinyl chloride polymer rigid pipes production peaked in 2022 and is expected to retain growth in years to come.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Greece

In 2022, overseas shipments of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -21.5% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 60% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports shrank modestly to $X in 2022. In general, exports, however, saw a resilient increase. The growth pace was the most rapid in 2016 with an increase of 68% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Switzerland (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Greece, accounting for a 43% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Switzerland exceeded the volume sent to the second major destination, Bulgaria (X tons), twofold. Austria (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Switzerland stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+15.6% per year) and Austria (+161.4% per year).

In value terms, Switzerland ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Greece, comprising 39% of total exports. The second position in the ranking was held by Austria ($X), with a 17% share of total exports. It was followed by Bulgaria, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+163.3% per year) and Bulgaria (+14.6% per year).

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, rising by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Romania ($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 Hungary (+65.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Greece

In 2022, overseas purchases of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 21% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.3% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 93% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes imports fell slightly to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.4% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 72% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Serbia (X tons) and India (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Greece, together comprising 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +47.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Italy ($X) and India ($X) were the largest vinyl chloride polymer rigid pipes suppliers to Greece, with a combined 76% share of total imports.

Among the main suppliers, Serbia, with a CAGR of +50.3%, recorded the highest rates of growth with regard to the value of imports, 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 rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, waning by -19.5% against the previous year. Over the period under review, the import price recorded a mild descent. The pace of growth was the most pronounced in 2021 an increase of 35%. As a result, import price reached the peak level of $X per ton, and then declined notably 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 Romania ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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