Greece: Glass Market Overview 2020

Glass Market Size in Greece

The revenue of the glass market in Greece amounted to $X in 2018, increasing by X% 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, glass consumption, however, continues to indicate a measured curtailment. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Glass consumption peaked at $X in 2010; however, from 2011 to 2018, consumption failed to regain its momentum.

Glass Exports

Exports from Greece

Glass exports from Greece totaled X square meters in 2018, lowering by -X% against the previous year. Overall, glass exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. In that year, glass exports reached their peak of X square meters. From 2012 to 2018, the growth of glass exports remained at a lower figure.

In value terms, glass exports stood at $X in 2018. In general, glass exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, glass exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Albania (X square meters) was the main destination for glass exports from Greece, accounting for a X% share of total exports. Moreover, glass exports to Albania exceeded the volume sent to the second major destination, Belgium (X square meters), more than tenfold. The third position in this ranking was occupied by Macedonia (X square meters), with a X% share.

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

In value terms, Belgium ($X) emerged as the key foreign market for glass exports from Greece, comprising X% of total glass exports. The second position in the ranking was occupied by Qatar ($X), with a X% share of total exports. It was followed by Macedonia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+X% per year) and Macedonia (+X% per year).

Export Prices by Country

In 2018, the average glass export price amounted to $X per square meter, surging by X% against the previous year. In general, the glass export price continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. In that year, the average export prices for drawn glass and blown glass attained their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Belgium ($X per square meter), while the average price for exports to Albania ($X per square meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Qatar, while the prices for the other major destinations experienced mixed trend patterns.

Glass Imports

Imports into Greece

Glass imports into Greece stood at X square meters in 2018, going up by X% against the previous year. In general, glass imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. In that year, glass imports attained their peak of X square meters. From 2011 to 2018, the growth of glass imports remained at a somewhat lower figure.

In value terms, glass imports amounted to $X in 2018. Over the period under review, glass imports, however, continue to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. In that year, glass imports reached their peak of $X. From 2011 to 2018, the growth of glass imports failed to regain its momentum.

Imports by Country

Saudi Arabia (X square meters), France (X square meters) and Turkey (X square meters) were the main suppliers of glass imports to Greece, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by France (+X% per year), while the other leaders experienced mixed trend patterns.

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

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

Import Prices by Country

The average glass import price stood at $X per square meter in 2018, declining by -X% against the previous year. Overall, the glass import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% year-to-year. In that year, the average import prices for drawn glass and blown glass attained their peak level of $X per square meter. From 2013 to 2018, the growth in terms of the average import prices for drawn glass and blown glass failed to regain its momentum.

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

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

Source: IndexBox AI Platform