Greece: Wallpaper Market 2024

Wallpaper Market Size in Greece

In 2021, the Greek wallpaper market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wallpaper Exports

Exports from Greece

Wallpaper exports from Greece skyrocketed to X tons in 2021, jumping by 720% against the previous year. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wallpaper exports surged to $X in 2021. In general, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X tons) was the main destination for wallpaper exports from Greece, accounting for a 47% share of total exports. Moreover, wallpaper exports to Bulgaria exceeded the volume sent to the second major destination, Germany (X tons), threefold. Cyprus (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria amounted to +78.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+60.7% per year) and Cyprus (+6.7% per year).

In value terms, Cyprus ($X), Bulgaria ($X) and Germany ($X) appeared to be the largest markets for wallpaper exported from Greece worldwide, together comprising 63% of total exports. These countries were followed by France, Portugal, the Czech Republic and Slovakia, which together accounted for a further 14%.

Among the main countries of destination, France, with a CAGR of +111.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wallpaper export price amounted to $X per ton, dropping by -48.7% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 52%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Slovakia ($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.

Wallpaper Imports

Imports into Greece

After three years of decline, purchases abroad of wallpaper and wall coverings increased by 129% to X tons in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wallpaper imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of wallpaper to Greece, with a 65% share of total imports. Moreover, wallpaper imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), tenfold. The third position in this ranking was held by France (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +48.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.9% per year) and France (+3.7% per year).

In value terms, the largest wallpaper suppliers to Greece were China ($X), Belgium ($X) and Italy ($X), together comprising 49% of total imports. These countries were followed by France, the UK, Germany, the Netherlands, Russia and the United States, which together accounted for a further 40%.

In terms of the main suppliers, Russia, with a CAGR of +128.0%, saw 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

The average wallpaper import price stood at $X per ton in 2021, reducing by -34% against the previous year. In general, the import price showed a deep slump. The growth pace was the most rapid in 2019 when the average import price increased by 35%. The import price peaked 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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