Greece: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Greece

In 2021, the Greek market for tiles, flagstones and similar articles of cement, concrete or artificial stone increased by 0.7% to $X, rising for the second year in a row after three years of decline. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.0% against 2019 indices. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Greece

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone reached $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +23.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 105% against the previous year. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Greece

Exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Greece skyrocketed to X tons in 2021, jumping by 63% compared with the previous year's figure. In general, total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.7% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021. Overall, exports recorded a noticeable expansion. The pace of growth was the most pronounced in 2016 with an increase of 80%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Albania (X tons) was the main destination for exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Greece, with a 88% share of total exports. Moreover, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone to Albania 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 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Albania totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+97.3% per year) and Bulgaria (-18.7% per year).

In value terms, Albania ($X) remains the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from Greece, comprising 56% of total exports. The second position in the ranking was held by Israel ($X), with a 19% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Albania stood at +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+8.1% per year) and Germany (+51.6% per year).

Export Prices by Country

The average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2021, dropping by -10.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Israel ($X per ton), while the average price for exports to Albania ($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 Israel (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Greece

Imports of tiles, flagstones and similar articles of cement, concrete or artificial stone into Greece totaled X tons in 2021, surging by 4.2% on the previous year's figure. Over the period under review, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 79% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021. In general, imports, however, showed a slight downturn. The growth pace was the most rapid in 2018 when imports increased by 30%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Greece, with a 66% share of total imports. Moreover, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.5% per year) and Germany (-0.9% per year).

In value terms, Italy ($X) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Greece, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Turkey, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.7% per year) and Turkey (+128.7% per year).

Import Prices by Country

The average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2021, with an increase of 22% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -6.6% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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