Greece: Market for Tableware And Kitchenware Of Wood 2024

Market Size for Tableware And Kitchenware Of Wood in Greece

For the sixth consecutive year, the Greek wood kitchenware and tableware market recorded growth in sales value, which increased by 71% to $X in 2021. Over the period under review, consumption continues to indicate significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Tableware And Kitchenware Of Wood

Exports from Greece

In 2021, wood kitchenware and tableware exports from Greece soared to X tons, jumping by 190% compared with the previous year. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 368%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, wood kitchenware and tableware exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2014 when exports increased by 609%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for wood kitchenware and tableware exports from Greece, accounting for a 55% share of total exports. Moreover, wood kitchenware and tableware exports to Germany exceeded the volume sent to the second major destination, Cyprus (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +101.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+51.5% per year) and Italy (+68.4% per year).

In value terms, Germany ($X) emerged as the key foreign market for tableware and kitchenware of wood exports from Greece, comprising 61% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 10% share of total exports. It was followed by Portugal, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +83.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+37.1% per year) and Portugal (+122.4% per year).

Export Prices by Country

In 2021, the average wood kitchenware and tableware export price amounted to $X per ton, jumping by 39% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The pace of growth was the most pronounced in 2018 an increase of 128% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($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 the Netherlands (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tableware And Kitchenware Of Wood

Imports into Greece

For the sixth consecutive year, Greece recorded growth in overseas purchases of tableware and kitchenware of wood, which increased by 103% to X tons in 2021. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 113% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, wood kitchenware and tableware imports surged to $X in 2021. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest wood kitchenware and tableware supplier to Greece, accounting for a 56% share of total imports. Moreover, wood kitchenware and tableware imports from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+72.0% per year) and Italy (+11.7% per year).

In value terms, China ($X) constituted the largest supplier of tableware and kitchenware of wood to Greece, comprising 51% of total imports. The second position in the ranking was held by Romania ($X), with a 13% share of total imports. It was followed by Bulgaria, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+66.5% per year) and Bulgaria (+92.1% per year).

Import Prices by Country

In 2021, the average wood kitchenware and tableware import price amounted to $X per ton, dropping by -16.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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