Greece: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Greece

The Greek market for unsaturated polyesters in primary forms soared to $X in 2021, jumping by 65% against the previous year. In general, consumption enjoyed a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Unsaturated Polyesters In Primary Forms in Greece

In value terms, unsaturated polyesters in primary forms production surged to $X in 2021 estimated in export price. Over the period under review, production showed a significant increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 576%. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Greece

In 2021, overseas shipments of unsaturated polyesters in primary forms increased by 54% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 115%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, unsaturated polyesters in primary forms exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a slight decrease. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Cyprus (X tons), Lebanon (X tons) and Cote d'Ivoire (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Greece, with a combined 76% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +447.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Greece, comprising 50% of total exports. The second position in the ranking was held by Lebanon ($X), with a 15% share of total exports. It was followed by Cote d'Ivoire, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cyprus totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+447.8% per year) and Cote d'Ivoire (0.0% per year).

Export Prices by Country

In 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, surging by 3.2% against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 17%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Cote d'Ivoire ($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 (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Greece

In 2021, imports of unsaturated polyesters in primary forms into Greece rose rapidly to X tons, growing by 15% compared with 2020. The total import volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern 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

Italy (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Greece, together comprising 76% of total imports. France, Spain, Croatia, India and the UK lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +30.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Greece, comprising 39% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+22.3% per year) and Germany (+9.4% per year).

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, increasing by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, import price attained 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 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+53.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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