Greece: Wooden Frame Market 2025

Wooden Frame Market Size in Greece

In 2022, the Greek wooden frame market increased by 5.4% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Wooden Frame Production in Greece

In value terms, wooden frame production shrank to $X in 2022 estimated in export price. Over the period under review, production posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 130% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Wooden Frame Exports

Exports from Greece

In 2022, overseas shipments of wooden frames for paintings, photographs, mirrors or similar objects increased by 128% to X units, rising for the second consecutive year after three years of decline. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 360% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, wooden frame exports skyrocketed to $X in 2022. Over the period under review, exports recorded a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 369%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Hungary (X units) was the main destination for wooden frame exports from Greece, with a 48% share of total exports. Moreover, wooden frame exports to Hungary exceeded the volume sent to the second major destination, Italy (X units), fourfold. The third position in this ranking was held by Bulgaria (X units), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary stood at +408.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+33.6% per year) and Bulgaria (+11.9% per year).

In value terms, Hungary ($X), Italy ($X) and Malta ($X) appeared to be the largest markets for wooden frame exported from Greece worldwide, with a combined 55% share of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +344.6%, saw 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 2022, the average wooden frame export price amounted to $X per unit, reducing by -17.9% against the previous year. Overall, the export price continues to indicate a slight setback. The growth pace was the most rapid in 2013 when the average export price increased by 97% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, 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 Malta ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+9.3%), while the prices for the other major destinations experienced a decline.

Wooden Frame Imports

Imports into Greece

In 2022, purchases abroad of wooden frames for paintings, photographs, mirrors or similar objects increased by 12% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +57.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, wooden frame imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 47%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Bulgaria (X units), China (X units) and Italy (X units) were the main suppliers of wooden frame imports to Greece, together accounting for 74% of total imports. Poland, Serbia, Albania and Romania lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +150.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Albania ($X) constituted the largest wooden frame suppliers to Greece, together comprising 54% of total imports. Bulgaria, Serbia, Poland and Romania lagged somewhat behind, together accounting for a further 37%.

Romania, with a CAGR of +109.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 wooden frame import price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a slight contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 19% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Albania ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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