Greece: Solid Biofuel Market 2024

Solid Biofuel Market Size in Greece

After three years of decline, the Greek solid biofuel market increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Solid biofuel consumption peaked in 2022 and is expected to retain growth in years to come.

Solid Biofuel Production in Greece

In value terms, solid biofuel production rose rapidly to $X in 2022 estimated in export price. In general, production showed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Solid biofuel production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Solid Biofuel Exports

Exports from Greece

In 2022, approx. X tons of solid biofuels were exported from Greece; falling by X% against 2021. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, solid biofuel exports totaled $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X tons) was the main destination for solid biofuel exports from Greece, accounting for a X% share of total exports. Moreover, solid biofuel exports to North Macedonia exceeded the volume sent to the second major destination, Bulgaria (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to North Macedonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Germany (X% per year).

In value terms, the largest markets for solid biofuel exported from Greece were Germany ($X), North Macedonia ($X) and Bulgaria ($X), together comprising X% of total exports.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to 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 solid biofuel export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to North Macedonia ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Solid Biofuel Imports

Imports into Greece

After three years of decline, overseas purchases of solid biofuels increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, solid biofuel imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Bulgaria (X tons), Cuba (X tons) and Albania (X tons) were the main suppliers of solid biofuel imports to Greece, with a combined X% share of total imports. Egypt, Turkey, Nigeria, Vietnam, Indonesia, Malaysia, Paraguay, Romania and Serbia lagged somewhat behind, together comprising a further X%.

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

In value terms, Cuba ($X), Bulgaria ($X) and Egypt ($X) constituted the largest solid biofuel suppliers to Greece, with a combined X% share of total imports. Vietnam, Indonesia, Malaysia, Albania, Turkey, Paraguay, Nigeria, Romania and Serbia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, saw 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 solid biofuel import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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