Greece: Chlorides Market 2023

Chlorides Market Size in Greece

The Greek chlorides market surged to $X in 2021, growing by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed significant growth. Chlorides consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Chlorides Exports

Exports from Greece

Chlorides exports from Greece fell modestly to X tons in 2021, which is down by -4.9% against 2020. Over the period under review, exports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 78%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, chlorides exports skyrocketed to $X in 2021. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 70%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Cyprus (X tons) was the main destination for chlorides exports from Greece, with a 47% share of total exports. Moreover, chlorides exports to Cyprus exceeded the volume sent to the second major destination, Lebanon (X tons), fourfold. The third position in this ranking was held by Albania (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus amounted to +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+77.1% per year) and Albania (-17.5% per year).

In value terms, Cyprus ($X) remains the key foreign market for chlorides (excluding ammonium chloride) exports from Greece, comprising 71% of total exports. The second position in the ranking was taken by Denmark ($X), with a 10% share of total exports. It was followed by Egypt, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus totaled +42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-13.4% per year) and Egypt (+1.4% per year).

Export Prices by Country

In 2021, the average chlorides export price amounted to $X per ton, surging by 26% against the previous year. In general, the export price saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 41%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to North Macedonia ($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 Israel (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides Imports

Imports into Greece

In 2021, chlorides imports into Greece expanded notably to X tons, picking up by 9.1% against the year before. In general, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 97%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, chlorides imports expanded markedly to $X in 2021. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 108%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

Bulgaria (X tons), Hungary (X tons) and Austria (X tons) were the main suppliers of chlorides imports to Greece, together accounting for 63% of total imports. Romania, China, Belgium, Russia, Italy, Germany and the Netherlands lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +40.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) constituted the largest supplier of chlorides (excluding ammonium chloride) to Greece, comprising 57% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by China, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Bulgaria stood at +63.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.6% per year) and China (+49.4% per year).

Import Prices by Country

The average chlorides import price stood at $X per ton in 2021, growing by 5% against the previous year. Over the period under review, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 110% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

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 Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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