Greece: Corrugated Paper Market Overview 2021

Corrugated Paper Market Size in Greece

The Greek corrugated paper market expanded markedly to $X in 2020, surging by X% against the previous year. Over the period under review, consumption recorded a modest increase. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Corrugated Paper Production in Greece

In value terms, corrugated paper production amounted to $X in 2020 estimated in export prices. Over the period under review, production showed a pronounced increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Corrugated Paper Exports

Exports from Greece

In 2020, shipments abroad of corrugated paper and paperboard decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2019 to 2020, the growth exports failed to regain the momentum.

In value terms, corrugated paper exports declined significantly to $X in 2020. Over the period under review, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

Albania (X tonnes), Bulgaria (X tonnes) and Macedonia (X tonnes) were the main destinations of corrugated paper exports from Greece, together comprising X% of total exports. These countries were followed by Cyprus and Israel, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Albania ($X) and Macedonia ($X) appeared to be the largest markets for corrugated paper exported from Greece worldwide, together accounting for X% of total exports. Cyprus and Israel lagged somewhat behind, together comprising a further X the main countries of destination, Israel (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average corrugated paper export price amounted to $X per tonne, stabilizing at the previous year. Over the period under review, the export price recorded a mild downturn. The growth pace was the most rapid in 2013 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2014 to 2020, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, the highest prices were recorded for prices to Cyprus ($X per tonne) and Bulgaria ($X per tonne), while the average price for exports to Israel ($X per tonne) and Macedonia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria, while the prices for the other major destinations experienced mixed trend patterns.

Corrugated Paper Imports

Imports into Greece

In 2020, approx. X tonnes of corrugated paper and paperboard were imported into Greece; with an increase of X% against the year before. In general, imports posted a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, corrugated paper imports dropped slightly to $X in 2020. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

Italy (X tonnes), Bulgaria (X tonnes) and Turkey (X tonnes) were the main suppliers of corrugated paper imports to Greece, with a combined X% share of total imports. These countries were followed by Serbia, Germany and Romania, which together accounted for a further X 2007 to 2020, the biggest increases were in Serbia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest corrugated paper suppliers to Greece were Italy ($X), Bulgaria ($X) and Turkey ($X), together accounting for X% of total imports. These countries were followed by Serbia, Germany and Romania, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to 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 corrugated paper import price stood at $X per tonne in 2020, waning by -X% against the previous year. In general, the import price showed a pronounced slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for corrugated paper and paperboard in the world?

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The countries with the highest volumes of corrugated paper consumption in 2020 were China (7.4M tonnes), Italy (4.8M tonnes) and Japan (3.9M tonnes), together comprising 30% of global consumption.

What are the largest producers of corrugated paper and paperboard in the world?

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The countries with the highest volumes of corrugated paper production in 2020 were China (7.4M tonnes), Italy (4.9M tonnes) and the U.S. (4.2M tonnes), with a combined 31% share of global production.

What are the leading suppliers of corrugated paper and paperboard to Greece?

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In value terms, the largest corrugated paper suppliers to Greece were Italy ($660K), Bulgaria ($430K) and Turkey ($220K), with a combined 84% share of total imports. Serbia, Germany and Romania lagged somewhat behind, together accounting for a further 13%.

What are the leading importers of corrugated paper and paperboard from Greece?

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In value terms, Bulgaria ($2M), Albania ($2M) and Macedonia ($1.6M) appeared to be the largest markets for corrugated paper exported from Greece worldwide, together comprising 94% of total exports. Cyprus and Israel lagged somewhat behind, together accounting for a further 4.6%.

What is the average export price for corrugated paper and paperboard in Greece?

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In 2020, the average corrugated paper export price amounted to $784 per tonne, leveling off at the previous year.

What is the average import price for corrugated paper and paperboard in Greece?

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In 2020, the average corrugated paper import price amounted to $830 per tonne, with a decrease of -6.6% against the previous year.