Greece: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Greece

The Greek man-made filament yarn market shrank to $X in 2021, which is down by -5.9% against the previous year. Over the period under review, consumption recorded a drastic downturn. Man-made filament yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Man-Made Filament Yarn Production in Greece

In value terms, man-made filament yarn production totaled $X in 2021 estimated in export price. Overall, production saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 24%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Man-Made Filament Yarn Exports

Exports from Greece

In 2021, after two years of growth, there was significant decline in shipments abroad of man-made filament yarn, when their volume decreased by -79.2% to X tons. In general, exports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2016 when exports increased by 876% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell rapidly in the following year.

In value terms, man-made filament yarn exports declined markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 300% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Croatia (X tons) was the main destination for man-made filament yarn exports from Greece, with a 52% share of total exports. Moreover, man-made filament yarn exports to Croatia exceeded the volume sent to the second major destination, Italy (X tons), threefold. Poland (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Croatia stood at +74.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-22.0% per year) and Poland (0.0% per year).

In value terms, Croatia ($X) emerged as the key foreign market for man-made filament yarn exports from Greece, comprising 55% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by Bulgaria, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Croatia amounted to +94.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-17.8% per year) and Bulgaria (+26.5% per year).

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2021, rising by 103% against the previous year. Overall, the export price, however, showed a deep downturn. The growth pace was the most rapid in 2015 an increase of 320%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Croatia (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Yarn Imports

Imports into Greece

In 2021, man-made filament yarn imports into Greece declined significantly to X tons, reducing by -66.2% compared with the previous year's figure. Over the period under review, imports, however, showed moderate growth. The pace of growth appeared the most rapid in 2018 with an increase of 226% against the previous year. Imports peaked at X tons in 2020, and then dropped significantly in the following year.

In value terms, man-made filament yarn imports dropped notably to $X in 2021. Overall, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 411%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), India (X tons) and China (X tons) were the main suppliers of man-made filament yarn imports to Greece, with a combined 83% share of total imports. These countries were followed by Turkey, Bulgaria, Belgium and Vietnam, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +89.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of man-made filament yarn to Greece, comprising 35% of total imports. The second position in the ranking was taken by India ($X), with a 14% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.0% per year) and China (+6.9% per year).

Import Prices by Country

In 2021, the average man-made filament yarn import price amounted to $X per ton, with an increase of 2.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 60% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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