Greece: Clay Market 2022

Clay Market Size in Greece

In 2021, the Greek clay market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a pronounced shrinkage. Clay consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Clay Production in Greece

In value terms, clay production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2018 when the production volume increased by 8.3% against the previous year. Clay production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Clay Exports

Exports from Greece

Clay exports from Greece declined remarkably to X tons in 2021, dropping by -26.3% on the year before. In general, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by 338% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell notably in the following year.

In value terms, clay exports soared to $X in 2021. Overall, exports, however, posted a strong expansion. The growth pace was the most rapid in 2014 when exports increased by 161% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for clay exports from Greece, with a 49% share of total exports. Moreover, clay exports to Malaysia exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at +128.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+11.7% per year) and Italy (+3.6% per year).

In value terms, the largest markets for clay exported from Greece were Italy ($X), France ($X) and Cyprus ($X), with a combined 48% share of total exports. Malaysia, India and the UK lagged somewhat behind, together comprising a further 18%.

India, with a CAGR of +318.6%, recorded the highest growth rate of the value of exports, among 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

The average clay export price stood at $X per ton in 2021, growing by 59% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Cyprus ($X per ton), while the average price for exports to Malaysia ($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 Italy (+3.2%), while the prices for the other major destinations experienced a decline.

Clay Imports

Imports into Greece

In 2021, clay imports into Greece skyrocketed to X tons, jumping by 18% against 2020. The total import volume increased at an average annual rate of +5.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, clay imports soared to $X in 2021. The total import value increased at an average annual rate of +5.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 37% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest clay supplier to Greece, with a 49% share of total imports. Moreover, clay imports from Bulgaria exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. France (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from Bulgaria amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.0% per year) and France (+2.5% per year).

In value terms, Bulgaria ($X), the United States ($X) and Germany ($X) constituted the largest clay suppliers to Greece, together accounting for 59% of total imports. These countries were followed by France, Italy, Turkey, the UK, Egypt, Ukraine, Spain and Serbia, which together accounted for a further 32%.

Turkey, with a CAGR of +30.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average clay import price amounted to $X per ton, with an increase of 4.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 14%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+95.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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