Greece: Biodiesel Market 2024

Biodiesel Market Size in Greece

The Greek biodiesel market surged to $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded buoyant growth. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Biodiesel Production in Greece

In value terms, biodiesel production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Biodiesel production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Biodiesel Exports

Exports from Greece

In 2022, shipments abroad of biodiesel decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, exports, however, continue to indicate notable growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, biodiesel exports contracted slightly to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

Cyprus (X tons), Bulgaria (X tons) and Belgium (X tons) were the main destinations of biodiesel exports from Greece, together comprising X% of total exports. Switzerland and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Bulgaria ($X) and Cyprus ($X) appeared to be the largest markets for biodiesel exported from Greece worldwide, together accounting for X% of total exports. Switzerland and Italy lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average biodiesel export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a perceptible expansion 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, biodiesel export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Cyprus ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biodiesel Imports

Imports into Greece

Biodiesel imports into Greece skyrocketed to X tons in 2022, with an increase of X% on the previous year. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, biodiesel imports soared to $X in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest supplier of biodiesel to Greece, accounting for a X% share of total imports. Moreover, biodiesel imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of biodiesel to Greece, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Bulgaria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average biodiesel import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Romania ($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 a decline.

Source: IndexBox Platform

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