Greece: Wrapping Papers Market 2024

Wrapping Papers Market Size in Greece

The Greek wrapping papers market rose to $X in 2021, increasing by 2.4% against the previous year. Overall, consumption saw a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 7.2% against the previous year. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Wrapping Papers Production in Greece

In value terms, wrapping papers production totaled $X in 2021 estimated in export price. Overall, production faced a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.4% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Wrapping Papers Exports

Exports from Greece

In 2021, after two years of decline, there was significant growth in overseas shipments of wrapping paper, packaging paper and paperboard, when their volume increased by 8.7% to X tons. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 50% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, wrapping papers exports soared to $X in 2021. Overall, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 45%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

North Macedonia (X tons), Albania (X tons) and Bulgaria (X tons) were the main destinations of wrapping papers exports from Greece, together comprising 76% of total exports.

From 2012 to 2021, the biggest increases were recorded for Albania (with a CAGR of +23.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Albania ($X), North Macedonia ($X) and Bulgaria ($X) constituted the largest markets for wrapping papers exported from Greece worldwide, together comprising 65% of total exports.

Among the main countries of destination, Albania, with a CAGR of +26.3%, recorded the highest rates of growth with regard to 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 wrapping papers export price amounted to $X per ton, increasing by 17% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Israel ($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 (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wrapping Papers Imports

Imports into Greece

Wrapping papers imports into Greece shrank modestly to X tons in 2021, waning by -2% compared with the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, wrapping papers imports rose modestly to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 16%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of wrapping papers to Greece, accounting for a 30% share of total imports. Moreover, wrapping papers imports from Italy exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), threefold. Bulgaria (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+76.6% per year) and Bulgaria (-7.7% per year).

In value terms, Italy ($X), Switzerland ($X) and France ($X) were the largest wrapping papers suppliers to Greece, with a combined 53% share of total imports.

Switzerland, with a CAGR of +73.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wrapping papers import price stood at $X per ton in 2021, growing by 6.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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