Greece: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Greece

In 2022, the Greek plastic ornamental articles market increased by 95% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Plastic Ornamental Articles Exports

Exports from Greece

In 2022, overseas shipments of statuettes and other ornamental articles of plastic decreased by -39.1% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 75%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, plastic ornamental articles exports reduced to $X in 2022. Over the period under review, exports, however, saw a strong increase. The growth pace was the most rapid in 2021 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Italy (X tons) was the main destination for plastic ornamental articles exports from Greece, accounting for a 31% share of total exports. Moreover, plastic ornamental articles exports to Italy exceeded the volume sent to the second major destination, Bulgaria (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+26.4% per year) and Germany (+88.4% per year).

In value terms, Germany ($X) emerged as the key foreign market for statuettes and other ornamental articles of plastic exports from Greece, comprising 28% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by Cyprus, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +102.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+15.9% per year) and Cyprus (+19.4% per year).

Export Prices by Country

In 2022, the average plastic ornamental articles export price amounted to $X per ton, with an increase of 54% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic ornamental articles export price increased by +72.6% against 2020 indices. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while the average price for exports to Bulgaria ($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 (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Greece

In 2022, overseas purchases of statuettes and other ornamental articles of plastic were finally on the rise to reach X tons after two years of decline. In general, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 44%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic ornamental articles imports skyrocketed to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable 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

In 2022, China (X tons) constituted the largest supplier of plastic ornamental articles to Greece, with a 82% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+29.0% per year) and France (+20.5% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Greece, comprising 68% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by France, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+28.8% per year) and France (+19.6% per year).

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, jumping by 28% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic ornamental articles import price increased by +29.7% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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