Greece: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Greece

After five years of growth, the Greek glass fibre fabrics market decreased by -13.7% to $X in 2022. Over the period under review, consumption, however, saw a resilient increase. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Glass Fibre Fabrics Exports

Exports from Greece

Glass fibre fabrics exports from Greece contracted to X tons in 2022, falling by -9.4% compared with 2021 figures. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 38%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, glass fibre fabrics exports fell to $X in 2022. In general, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +58.7% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Cyprus (X tons) was the main destination for glass fibre fabrics exports from Greece, accounting for a 64% share of total exports. Moreover, glass fibre fabrics exports to Cyprus exceeded the volume sent to the second major destination, Malta (X tons), more than tenfold. The third position in this ranking was held by Romania (X tons), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus stood at +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+37.8% per year) and Romania (+4.2% per year).

In value terms, Cyprus ($X) remains the key foreign market for glass fibre fabrics exports from Greece, comprising 52% of total exports. The second position in the ranking was held by China ($X), with a 5.4% share of total exports. It was followed by Turkey, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus totaled +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7.5% per year) and Turkey (-8.5% per year).

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, with a decrease of -3.4% against the previous year. Overall, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of 9.2% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Israel ($X per ton), while the average price for exports to Malta ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fibre Fabrics Imports

Imports into Greece

In 2022, approx. X tons of glass fibre fabrics were imported into Greece; shrinking by -13.2% compared with 2021. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, glass fibre fabrics imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

The Czech Republic (X tons), North Macedonia (X tons) and China (X tons) were the main suppliers of glass fibre fabrics imports to Greece, with a combined 54% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by North Macedonia (with a CAGR of +59.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Czech Republic ($X) and Hungary ($X) were the largest glass fibre fabrics suppliers to Greece, together accounting for 49% of total imports. North Macedonia, Italy, Germany and Bulgaria lagged somewhat behind, together comprising a further 33%.

In terms of the main suppliers, North Macedonia, with a CAGR of +63.2%, 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

The average glass fibre fabrics import price stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 25% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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