Greece: Acrylic Polymer Market Overview 2021

Acrylic Polymer Market Size in Greece

After two years of growth, the Greek acrylic polymer market decreased by -X% to $X in 2019. The market value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Acrylic polymer consumption peaked at $X in 2018, and then declined in the following year.

Acrylic Polymer Production in Greece

In value terms, acrylic polymer production fell slightly to $X in 2019 estimated in export prices. In general, the total production indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018, and then contracted modestly in the following year.

Acrylic Polymer Exports

Exports from Greece

In 2019, overseas shipments of acrylic polymers (in primary forms) increased by X% to X tonnes, rising for the fifth year in a row after two years of decline. Over the period under review, exports posted a pronounced increase. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2009 to 2019, the growth exports remained at a lower figure.

In value terms, acrylic polymer exports surged to $X in 2019. Overall, exports recorded a tangible expansion. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2009 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Bulgaria (X tonnes), Cyprus (X tonnes) and Serbia (X tonnes) were the main destinations of acrylic polymer exports from Greece, together accounting for X% of total exports. Turkey, Albania, Spain and Germany lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acrylic polymer exported from Greece were Bulgaria ($X), Cyprus ($X) and Turkey ($X), together accounting for X% of total exports. Albania, Serbia, Germany and Spain lagged somewhat behind, together comprising a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average acrylic polymer export price amounted to $X per tonne, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Germany ($X per tonne), while the average price for exports to Serbia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Albania, while the prices for the other major destinations experienced mixed trend patterns.

Acrylic Polymer Imports

Imports into Greece

In 2019, after six years of growth, there was decline in purchases abroad of acrylic polymers (in primary forms), when their volume decreased by -X% to X tonnes. In general, total imports indicated a modest increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at X tonnes in 2018, and then declined in the following year.

In value terms, acrylic polymer imports reached $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in years to come.

Imports by Country

Germany (X tonnes), Turkey (X tonnes) and Italy (X tonnes) were the main suppliers of acrylic polymer imports to Greece, with a combined X% share of total imports. France, Belgium, South Korea, Spain, the Netherlands, China, the UK and Poland lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymer suppliers to Greece were Germany ($X), Belgium ($X) and Turkey ($X), together accounting for X% of total imports. These countries were followed by Italy, France, the Netherlands, China, Spain, the UK, South Korea and Poland, which together accounted for a further X the main suppliers, Poland (+X% per year) saw 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 acrylic polymer import price stood at $X per tonne in 2019, approximately reflecting the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The import price peaked at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per tonne), while the price for Poland ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acrylic polymers (in primary forms) in the world?

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The countries with the highest volumes of acrylic polymer consumption in 2019 were China (3.7M tonnes), the U.S. (1.9M tonnes) and India (1.4M tonnes), together comprising 48% of global consumption. These countries were followed by Japan, Indonesia, Germany, France, South Korea, Italy, Poland, Canada, Thailand and Turkey, which together accounted for a further 28%.

What are the largest producers of acrylic polymers (in primary forms) in the world?

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The countries with the highest volumes of acrylic polymer production in 2019 were China (3.3M tonnes), the U.S. (2.2M tonnes) and Japan (1.2M tonnes), together comprising 44% of global production. These countries were followed by Germany, South Korea, India, France, Indonesia, Belgium, the Netherlands, Italy, Turkey and Malaysia, which together accounted for a further 45%.

What are the leading suppliers of acrylic polymers (in primary forms) to Greece?

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In value terms, the largest acrylic polymer suppliers to Greece were Germany ($18M), Belgium ($10M) and Turkey ($8.1M), together accounting for 54% of total imports. Italy, France, the Netherlands, China, Spain, the UK, South Korea and Poland lagged somewhat behind, together comprising a further 40%.

What are the leading importers of acrylic polymers (in primary forms) from Greece?

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In value terms, Bulgaria ($1.2M), Cyprus ($1.2M) and Turkey ($339K) constituted the largest markets for acrylic polymer exported from Greece worldwide, with a combined 61% share of total exports. These countries were followed by Albania, Serbia, Germany and Spain, which together accounted for a further 23%.

What is the average export price for acrylic polymers (in primary forms) in Greece?

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The average acrylic polymer export price stood at $1,805 per tonne in 2019, surging by 4.4% against the previous year.

What is the average import price for acrylic polymers (in primary forms) in Greece?

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The average acrylic polymer import price stood at $1,943 per tonne in 2019, almost unchanged from the previous year.