Greece: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Greece

The Greek wood-based panels market expanded markedly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Wood-Based Panels Production in Greece

In value terms, wood-based panels production rose slightly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Wood-based panels production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wood-Based Panels Exports

Exports from Greece

In 2022, approx. X cubic meters of wood-based panels were exported from Greece; waning by X% on 2021 figures. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wood-based panels exports stood at $X in 2022. In general, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Albania (X cubic meters), Cyprus (X cubic meters) and Italy (X cubic meters) were the main destinations of wood-based panels exports from Greece, with a combined X% share of total exports. Bulgaria, Serbia, the Netherlands, Lebanon, Romania, Kosovo, North Macedonia, Bosnia and Herzegovina, the United Arab Emirates and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Cyprus ($X) and the Netherlands ($X) appeared to be the largest markets for wood-based panels exported from Greece worldwide, with a combined X% share of total exports. Albania, Bulgaria, Romania, Serbia, Kosovo, North Macedonia, Lebanon, the United Arab Emirates, Turkey and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

Kosovo, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, rising by X% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood-based panels export price increased by X% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Greece

After four years of growth, overseas purchases of wood-based panels decreased by X% to X cubic meters in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X cubic meters in 2021, and then reduced in the following year.

In value terms, wood-based panels imports skyrocketed to $X in 2022. Overall, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bulgaria (X cubic meters) constituted the largest wood-based panels supplier to Greece, with a X% share of total imports. Moreover, wood-based panels imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Romania (X cubic meters), twofold. The third position in this ranking was taken by Turkey (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Turkey (X% per year).

In value terms, the largest wood-based panels suppliers to Greece were Bulgaria ($X), Romania ($X) and Turkey ($X), together accounting for X% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of X%, 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

In 2022, the average wood-based panels import price amounted to $X per cubic meter, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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