Greece: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2025

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Greece

For the fourth year in a row, the Greek rubber tube and pipe market recorded growth in sales value, which increased by 12% to $X in 2021. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +65.1% against 2015 indices. Rubber tube and pipe consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Greece

In 2021, overseas shipments of tubes, pipes and hoses of vulcanized rubber increased by 27% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 81% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, rubber tube and pipe exports skyrocketed to $X in 2021. In general, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 65% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Cyprus (X tons) was the main destination for rubber tube and pipe exports from Greece, accounting for a 30% share of total exports. Moreover, rubber tube and pipe exports to Cyprus exceeded the volume sent to the second major destination, Albania (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Cyprus amounted to +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (-2.1% per year) and the Czech Republic (+272.1% per year).

In value terms, Cyprus ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from Greece, comprising 27% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 7.5% share of total exports. It was followed by Singapore, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus totaled +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+318.1% per year) and Singapore (+58.7% per year).

Export Prices by Country

The average rubber tube and pipe export price stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, the export price posted a strong expansion. The growth pace was the most rapid in 2018 when the average export price increased by 65% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Oman ($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 Pakistan (+50.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Greece

In 2021, supplies from abroad of tubes, pipes and hoses of vulcanized rubber decreased by -10.2% to X tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 26%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, rubber tube and pipe imports skyrocketed to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +92.4% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of rubber tube and pipe to Greece, with a 49% share of total imports. Moreover, rubber tube and pipe imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.5% per year) and Turkey (+0.8% per year).

In value terms, Italy ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to Greece, comprising 40% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Turkey, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.5% per year) and Turkey (+6.2% per year).

Import Prices by Country

In 2021, the average rubber tube and pipe import price amounted to $X per ton, with an increase of 37% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rubber tube and pipe import price increased by +90.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 39%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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