Greece: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Greece

The Greek saturated acyclic monocarboxylic acids market rose significantly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a prominent increase. Saturated acyclic monocarboxylic acids consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Saturated Acyclic Monocarboxylic Acids in Greece

In value terms, saturated acyclic monocarboxylic acids production surged to $X in 2022 estimated in export price. Overall, production showed a significant increase. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Greece

In 2022, the amount of saturated acyclic monocarboxylic acids exported from Greece shrank dramatically to X tons, falling by X% against the previous year's figure. In general, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, saturated acyclic monocarboxylic acids exports declined sharply to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Albania (X tons), Bulgaria (X tons) and Cyprus (X tons) were the main destinations of saturated acyclic monocarboxylic acids exports from Greece, together accounting for X% of total exports. Italy, Serbia, Kosovo, Romania and North Macedonia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for saturated acyclic monocarboxylic acids exported from Greece were Albania ($X), Cyprus ($X) and Bulgaria ($X), together accounting for X% of total exports. Italy, Serbia, Romania, Kosovo and North Macedonia lagged somewhat behind, together comprising a further X%.

Italy, 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

The average saturated acyclic monocarboxylic acids export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Greece

After five years of growth, purchases abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, saturated acyclic monocarboxylic acids imports expanded rapidly to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Turkey (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Greece, together comprising X% of total imports. China, the Netherlands, Italy, Russia, Bulgaria, India, Austria and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and Belgium ($X) appeared to be the largest saturated acyclic monocarboxylic acids suppliers to Greece, with a combined X% share of total imports. The Netherlands, Italy, China, Russia, Spain, Bulgaria, India and Austria lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, 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

The average saturated acyclic monocarboxylic acids import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price 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, saturated acyclic monocarboxylic acids import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :