Greece: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Greece

The Greek trichloroethylene and tetrachloroethylene market dropped to $X in 2021, with a decrease of -9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Trichloroethylene And Tetrachloroethylene Exports

Exports from Greece

In 2021, approx. X tons of trichloroethylene and tetrachloroethylene (perchloroethylene) were exported from Greece; with a decrease of -4% on 2020. Over the period under review, exports, however, recorded a slight expansion. The growth pace was the most rapid in 2013 with an increase of 158% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene exports surged to $X in 2021. Overall, exports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2013 with an increase of 78% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X tons) was the main destination for trichloroethylene and tetrachloroethylene exports from Greece, with a 83% share of total exports. Moreover, trichloroethylene and tetrachloroethylene exports to North Macedonia exceeded the volume sent to the second major destination, Romania (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to North Macedonia totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-9.8% per year) and Bulgaria (-9.0% per year).

In value terms, North Macedonia ($X) remains the key foreign market for trichloroethylene and tetrachloroethylene (perchloroethylene) exports from Greece, comprising 65% of total exports. The second position in the ranking was taken by Romania ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to North Macedonia amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-4.4% per year) and Bulgaria (-7.2% per year).

Export Prices by Country

In 2021, the average trichloroethylene and tetrachloroethylene export price amounted to $X per ton, jumping by 38% against the previous year. In general, the export price, however, showed a noticeable contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to North Macedonia ($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 (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Trichloroethylene And Tetrachloroethylene Imports

Imports into Greece

For the fourth year in a row, Greece recorded decline in supplies from abroad of trichloroethylene and tetrachloroethylene (perchloroethylene), which decreased by -19.1% to X tons in 2021. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 21% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene imports contracted to $X in 2021. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 12%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest trichloroethylene and tetrachloroethylene supplier to Greece, accounting for a 57% share of total imports. Moreover, trichloroethylene and tetrachloroethylene imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.2% per year) and Italy (-5.6% per year).

In value terms, Belgium ($X), Germany ($X) and Italy ($X) were the largest trichloroethylene and tetrachloroethylene suppliers to Greece, together accounting for 79% of total imports. Spain and Romania lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Spain, with a CAGR of +3.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average trichloroethylene and tetrachloroethylene import price amounted to $X per ton, jumping by 22% against the previous year. Overall, the import price, however, showed a pronounced curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Belgium ($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 (+17.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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