Greece: Corrugated Paper Market Overview 2020

Corrugated Paper Market Size in Greece

The revenue of the corrugated paper market in Greece amounted to $X in 2018, reducing by -X% against the previous year. Over the period under review, corrugated paper consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Corrugated paper consumption peaked at $X in 2017, and then declined slightly in the following year.

Corrugated Paper Production in Greece

In value terms, corrugated paper production amounted to $X in 2018 estimated in export prices. Over the period under review, corrugated paper production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, corrugated paper production reached its peak figure level at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Corrugated Paper Exports

Exports from Greece

In 2018, approx. X tonnes of corrugated paper and paperboard were exported from Greece; picking up by X% against the previous year. In general, the total exports indicated prominent growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, corrugated paper exports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, corrugated paper exports amounted to $X in 2018. In general, the total exports indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, corrugated paper exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tonnes) was the main destination for corrugated paper exports from Greece, with a X% share of total exports. Moreover, corrugated paper exports to Bulgaria exceeded the volume sent to the second major destination, Macedonia (X tonnes), threefold. The third position in this ranking was occupied by the United Arab Emirates (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Bulgaria stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macedonia (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for corrugated paper exports from Greece, comprising X% of total corrugated paper exports. The second position in the ranking was occupied by Macedonia ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Bulgaria stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macedonia (+X% per year) and Cyprus (+X% per year).

Export Prices by Country

In 2018, the average corrugated paper export price amounted to $X per tonne, waning by -X% against the previous year. In general, the corrugated paper export price continues to indicate a measured slump. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. In that year, the average export prices for corrugated paper and paperboard attained their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the average export prices for corrugated paper and paperboard remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Cyprus ($X per tonne), while the average price for exports to the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus, while the prices for the other major destinations experienced a decline.

Corrugated Paper Imports

Imports into Greece

In 2018, the imports of corrugated paper and paperboard into Greece stood at X tonnes, lowering by -X% against the previous year. Overall, corrugated paper imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, corrugated paper imports stood at $X in 2018. In general, corrugated paper imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, Bulgaria (X tonnes) constituted the largest corrugated paper supplier to Greece, accounting for a X% share of total imports. Moreover, corrugated paper imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tonnes), fourfold. Israel (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, 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: Saudi Arabia (+X% per year) and Israel (+X% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of corrugated paper to Greece, comprising X% of total corrugated paper imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Bulgaria amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+X% per year) and Israel (+X% per year).

Import Prices by Country

In 2018, the average corrugated paper import price amounted to $X per tonne, approximately reflecting the previous year. In general, the corrugated paper import price, however, continues to indicate a drastic setback. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. In that year, the average import prices for corrugated paper and paperboard reached their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average import prices for corrugated paper and paperboard remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for Israel ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform