Greece: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in Greece

In 2021, the Greek scouring pastes and powders market increased by 7.8% to $X, rising for the fourth consecutive year after four years of decline. Over the period under review, consumption, however, saw a mild shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Scouring Pastes And Powders in Greece

In value terms, scouring pastes and powders production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Scouring Pastes And Powders

Exports from Greece

In 2021, scouring pastes and powders exports from Greece skyrocketed to X tons, with an increase of 96% against the previous year's figure. In general, exports, however, showed a slight slump. The most prominent rate of growth was recorded in 2018 when exports increased by 156% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, scouring pastes and powders exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt decrease. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cyprus (X tons) was the main destination for scouring pastes and powders exports from Greece, accounting for a 86% share of total exports. Moreover, scouring pastes and powders exports to Cyprus exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Bulgaria (X tons) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+282.7% per year) and Bulgaria (+43.0% per year).

In value terms, Cyprus ($X) remains the key foreign market for scouring pastes and powders exports from Greece, comprising 73% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by Bulgaria, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+332.3% per year) and Bulgaria (+25.8% per year).

Export Prices by Country

The average scouring pastes and powders export price stood at $X per ton in 2021, increasing by 42% against the previous year. In general, the export price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 96% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a 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 Romania ($X per ton), while the average price for exports to Cyprus ($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 Romania (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Scouring Pastes And Powders

Imports into Greece

In 2021, supplies from abroad of scouring pastes and powders decreased by -7% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports recorded a slight decrease. The growth pace was the most rapid in 2019 when imports increased by 30% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, scouring pastes and powders imports amounted to $X in 2021. In general, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of scouring pastes and powders to Greece, accounting for a 76% share of total imports. Moreover, scouring pastes and powders imports from Hungary exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from Hungary stood at +75.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-19.8% per year) and Germany (-6.8% per year).

In value terms, the largest scouring pastes and powders suppliers to Greece were Hungary ($X), Italy ($X) and Germany ($X), together accounting for 81% of total imports. These countries were followed by Romania, Poland, the Netherlands and China, which together accounted for a further 11%.

Romania, with a CAGR of +217.7%, recorded the highest rates of growth with regard to the value of imports, among 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 scouring pastes and powders import price amounted to $X per ton, rising by 17% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 30%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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