Greece: Alcohols Market 2024

Alcohols Market Size in Greece

In 2020, the Greek alcohols market decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a mild slump. Alcohols consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Alcohols Production in Greece

In value terms, alcohols production totaled $X in 2020 estimated in export price. Overall, production recorded a relatively flat trend pattern. Over the period under review, production attained the peak level in 2020 and is likely to continue growth in the near future.

Alcohols Exports

Exports from Greece

Alcohols exports from Greece soared to X tons in 2020, with an increase of X% compared with the year before. Overall, exports recorded pronounced growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, alcohols exports soared to $X in 2020. In general, exports recorded a modest expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons), Bulgaria (X tons) and Italy (X tons) were the main destinations of alcohols exports from Greece, with a combined X% share of total exports. Turkey, Albania, Latvia, North Macedonia, Nigeria, Belgium and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) emerged as the key foreign market for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports. It was followed by Albania, with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Romania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Albania (X% per year).

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a perceptible slump. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2020, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Greece

In 2020, purchases abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, alcohols imports fell sharply to $X in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain momentum.

Imports by Country

Egypt (X tons), Turkey (X tons) and the Netherlands (X tons) were the main suppliers of alcohols imports to Greece, with a combined X% share of total imports. Belgium, South Korea, Germany and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest alcohols suppliers to Greece, together comprising X% of total imports. Egypt, South Korea, Italy and Belgium lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 alcohols import price stood at $X per ton in 2020, jumping by X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :