Greece: Glass Fiber Market 2024

Glass Fiber Market Size in Greece

The Greek glass fiber market skyrocketed to $X in 2021, growing by 31% 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). Overall, consumption recorded a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Glass Fiber Exports

Exports from Greece

In 2021, approx. X tons of voiles, webs, mats and other articles of glass fibers were exported from Greece; rising by 34% on the previous year. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 99.9%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, glass fiber exports surged to $X in 2021. Overall, exports recorded a resilient increase. The growth pace was the most rapid in 2018 when exports increased by 108%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Cyprus (X tons) was the main destination for glass fiber exports from Greece, with a 85% share of total exports. Moreover, glass fiber exports to Cyprus exceeded the volume sent to the second major destination, Albania (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Cyprus amounted to +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+11.6% per year) and Germany (+87.2% per year).

In value terms, Cyprus ($X) remains the key foreign market for voiles, webs, mats and other articles of glass fibers exports from Greece, comprising 73% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Bulgaria, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus stood at +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+47.9% per year) and Bulgaria (+24.2% per year).

Export Prices by Country

The average glass fiber export price stood at $X per ton in 2021, approximately equating the previous year. Overall, the export price showed a slight decrease. The pace of growth was the most pronounced in 2018 an increase of 30%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Cyprus (+2.4%), while the prices for the other major destinations experienced a decline.

Glass Fiber Imports

Imports into Greece

In 2021, approx. X tons of voiles, webs, mats and other articles of glass fibers were imported into Greece; with an increase of 21% on 2020. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 26%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, glass fiber imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Bulgaria (X tons) and Spain (X tons) were the main suppliers of glass fiber imports to Greece, with a combined 63% share of total imports. These countries were followed by Poland, China, Germany, Italy, France, Egypt, Croatia, Belgium and the United States, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +70.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fiber suppliers to Greece were Spain ($X), Bulgaria ($X) and Turkey ($X), together comprising 50% of total imports. France, Poland, Germany, China, Italy, the United States, Egypt, Belgium and Croatia lagged somewhat behind, together comprising a further 41%.

Among the main suppliers, Egypt, with a CAGR of +85.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average glass fiber import price amounted to $X per ton, picking up by 11% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 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, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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