Greece: Zinc Oxide Market 2025

Zinc Oxide Market Size in Greece

After two years of decline, the Greek zinc oxide market increased by X% to $X in 2022. In general, consumption, however, showed a relatively flat trend pattern. Zinc oxide consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Zinc Oxide Production in Greece

In value terms, zinc oxide production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. Zinc oxide production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Zinc Oxide Exports

Exports from Greece

After three years of growth, shipments abroad of zinc oxide and zinc peroxide decreased by X% to X tons in 2022. Over the period under review, exports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, zinc oxide exports expanded modestly to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Italy (X tons), Spain (X tons) and Serbia (X tons) were the main destinations of zinc oxide exports from Greece, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for zinc oxide and zinc peroxide exports from Greece, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Serbia (X% per year).

Export Prices by Country

The average zinc oxide export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc oxide export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Serbia ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Oxide Imports

Imports into Greece

In 2022, purchases abroad of zinc oxide and zinc peroxide decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, zinc oxide imports amounted to $X in 2022. Overall, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest zinc oxide supplier to Greece, accounting for a X% share of total imports. Moreover, zinc oxide imports from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

In value terms, Turkey ($X), the Netherlands ($X) and Germany ($X) were the largest zinc oxide suppliers to Greece, with a combined X% share of total imports. Poland, Italy, Spain, Belgium and Bulgaria lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Spain, with a CAGR of X%, saw the highest growth rate of 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 zinc oxide import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price showed a buoyant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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