Greece: Ethylene Polymer Bag Market 2025

Ethylene Polymer Bag Market Size in Greece

The Greek ethylene polymer bag market was estimated at $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Ethylene polymer bag consumption peaked in 2022 and is likely to see steady growth in years to come.

Ethylene Polymer Bag Production in Greece

In value terms, ethylene polymer bag production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 33% against the previous year. Ethylene polymer bag production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ethylene Polymer Bag Exports

Exports from Greece

For the third year in a row, Greece recorded growth in overseas shipments of sacks and bags of polymers of ethylene, which increased by 15% to X tons in 2022. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 24%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethylene polymer bag exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons) was the main destination for ethylene polymer bag exports from Greece, with a 37% share of total exports. Moreover, ethylene polymer bag exports to Cyprus exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Italy (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-6.6% per year) and Italy (+31.2% per year).

In value terms, the largest markets for ethylene polymer bag exported from Greece were Cyprus ($X), Bulgaria ($X) and Italy ($X), together comprising 52% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +25.2%, 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

The average ethylene polymer bag export price stood at $X per ton in 2022, shrinking by -6% against the previous year. In general, the export price saw a noticeable reduction. The most prominent rate of growth was recorded in 2013 an increase of 8.9%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Cyprus ($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 Germany (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports into Greece

In 2022, the amount of sacks and bags of polymers of ethylene imported into Greece contracted slightly to X tons, almost unchanged from the previous year's figure. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 28%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, ethylene polymer bag imports shrank slightly to $X in 2022. In general, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Turkey (X tons), Germany (X tons) and China (X tons) were the main suppliers of ethylene polymer bag imports to Greece, with a combined 57% share of total imports. Poland, Bulgaria, the Netherlands, North Macedonia, Vietnam, Italy, Slovenia, Romania and Malaysia lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +69.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Germany ($X) were the largest ethylene polymer bag suppliers to Greece, together accounting for 54% of total imports. Poland, Italy, the Netherlands, Bulgaria, Slovenia, Vietnam, Romania, North Macedonia and Malaysia lagged somewhat behind, together accounting for a further 39%.

In terms of the main suppliers, Slovenia, with a CAGR of +80.6%, recorded the highest growth rate of 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

In 2022, the average ethylene polymer bag import price amounted to $X per ton, declining by -1.6% against the previous year. Over the period under review, the import price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2021 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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