Greece: Wood Fuel (Non-Coniferous) Market 2021

Wood Fuel (Non-Coniferous) Market Size in Greece

In 2020, the Greek wood fuel (non-coniferous) market increased by X% to $X for the first time since 2014, thus ending a five-year declining trend. Over the period under review, consumption saw a slight decline. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Wood fuel (non-coniferous) consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Wood Fuel (Non-Coniferous) Production in Greece

In value terms, wood fuel (non-coniferous) production totaled $X in 2020 estimated in export prices. Over the period under review, production showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% year-to-year. Wood fuel (non-coniferous) production peaked at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Wood Fuel (Non-Coniferous) Exports

Exports from Greece

In 2020, shipments abroad of wood fuel (non-coniferous) decreased by -X% to X cubic meters, falling for the second year in a row after four years of growth. Overall, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X cubic meters in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, wood fuel (non-coniferous) exports reduced rapidly to $X in 2020. In general, exports, however, continue to indicate a perceptible increase. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Albania (X cubic meters) was the main destination for wood fuel (non-coniferous) exports from Greece, with a X% share of total exports. Moreover, wood fuel (non-coniferous) exports to Albania exceeded the volume sent to the second major destination, Cyprus (X cubic meters), more than tenfold. The third position in this ranking was occupied by Libya (X cubic meters), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Albania totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+X% per year) and Libya (-X% per year).

In value terms, Albania ($X) remains the key foreign market for wood fuel (non-coniferous) exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by Cyprus ($X), with a X% share of total exports. It was followed by Libya, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Albania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+X% per year) and Libya (-X% per year).

Export Prices by Country

The average wood fuel (non-coniferous) export price stood at $X per cubic meter in 2020, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Cyprus ($X per cubic meter), while the average price for exports to Libya ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria, while the prices for the other major destinations experienced mixed trend patterns.

Wood Fuel (Non-Coniferous) Imports

Imports into Greece

After four years of growth, overseas purchases of wood fuel (non-coniferous) decreased by -X% to X cubic meters in 2020. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked at X cubic meters in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, wood fuel (non-coniferous) imports soared to $X in 2020. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

Romania (X cubic meters), Serbia (X cubic meters) and Ukraine (X cubic meters) were the main suppliers of wood fuel (non-coniferous) imports to Greece, with a combined X% share of total imports. Bulgaria, Bosnia and Herzegovina, Turkey, Albania, the U.S., Germany, Italy and Cameroon lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Albania (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), the U.S. ($X) and Ukraine ($X) appeared to be the largest wood fuel (non-coniferous) suppliers to Greece, together accounting for X% of total imports. Italy, Turkey, Germany, Bulgaria, Serbia, Albania, Romania and Cameroon lagged somewhat behind, together accounting for a further X the main suppliers, Albania (+X% per year) 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 2020, the average wood fuel (non-coniferous) import price amounted to $X per cubic meter, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a slight setback. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per cubic meter), while the price for Romania ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform