Greece: Waferboard Market 2024

Waferboard Market Size in Greece

The Greek waferboard market was estimated at $X in 2021, picking up by 12% against the previous year. The market value increased at an average annual rate of +6.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Waferboard consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Waferboard Production in Greece

In value terms, waferboard production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Waferboard Exports

Exports from Greece

In 2021, shipments abroad of waferboards increased by 99% to X cubic meters for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a abrupt decline. The exports peaked at X cubic meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, waferboard exports soared to $X in 2021. Overall, exports, however, showed a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cyprus (X cubic meters), Albania (X cubic meters) and Serbia (X cubic meters) were the main destinations of waferboard exports from Greece, with a combined 53% share of total exports. These countries were followed by Bulgaria, Lebanon, Romania, North Macedonia, Turkey and Algeria, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +12.9%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for waferboards exports from Greece, comprising 27% of total exports. The second position in the ranking was taken by Albania ($X), with an 11% share of total exports. It was followed by Serbia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (-2.0% per year) and Serbia (+4.5% per year).

Export Prices by Country

The average waferboard export price stood at $X per cubic meter in 2021, growing by 8.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2013 when the average export price increased by 16%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per cubic meter), while the average price for exports to Albania ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Waferboard Imports

Imports into Greece

In 2021, the amount of waferboards imported into Greece stood at X cubic meters, with an increase of 9.3% against 2020. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +11.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.4% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 65% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, waferboard imports soared to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +12.4% 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 +65.4% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Bulgaria (X cubic meters) constituted the largest waferboard supplier to Greece, accounting for a 57% share of total imports. Moreover, waferboard imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Romania (X cubic meters), threefold. Turkey (X cubic meters) 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 Bulgaria totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+12.4% per year) and Turkey (+55.6% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of waferboards to Greece, comprising 50% of total imports. The second position in the ranking was taken by Romania ($X), with a 23% share of total imports. It was followed by Turkey, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Bulgaria amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+13.1% per year) and Turkey (+43.1% per year).

Import Prices by Country

In 2021, the average waferboard import price amounted to $X per cubic meter, with an increase of 19% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Turkey ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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