Greece: Complex Fluorine Salts Market 2023

Complex Fluorine Salts Market Size in Greece

In 2021, the Greek complex fluorine salts market decreased by -25.7% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, continues to indicate a modest expansion. Over the period under review, the market attained the peak level at $X in 2020, and then declined remarkably in the following year.

Complex Fluorine Salts Exports

Exports from Greece

Complex fluorine salts exports from Greece reduced markedly to X kg in 2021, declining by -61.4% against 2020. Over the period under review, exports showed a slight downturn. The most prominent rate of growth was recorded in 2016 with an increase of 391%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, complex fluorine salts exports shrank rapidly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 504%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

Romania (X kg), Spain (X kg) and Slovenia (X kg) were the main destinations of complex fluorine salts exports from Greece, together accounting for 86% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +95.1%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Spain ($X) and Slovenia ($X) constituted the largest markets for complex fluorine salts exported from Greece worldwide, together accounting for 87% of total exports.

Spain, with a CAGR of +126.1%, 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

In 2021, the average complex fluorine salts export price amounted to $X per ton, which is down by -48% against the previous year. In general, the export price, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2017 an increase of 287% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Bulgaria ($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 Spain (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into Greece

In 2021, after three years of growth, there was significant decline in overseas purchases of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts, when their volume decreased by -27.1% to X tons. Over the period under review, imports, however, posted a temperate expansion. The growth pace was the most rapid in 2014 when imports increased by 139% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then contracted rapidly in the following year.

In value terms, complex fluorine salts imports fell markedly to $X in 2021. In general, imports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 83% against the previous year. Imports peaked at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

In 2021, Tunisia (X tons) constituted the largest supplier of complex fluorine salts to Greece, with a 67% share of total imports. Moreover, complex fluorine salts imports from Tunisia exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Tunisia totaled +16.9%.

In value terms, Tunisia ($X) and Italy ($X) appeared to be the largest complex fluorine salts suppliers to Greece.

Tunisia, with a CAGR of +17.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2021, the average complex fluorine salts import price amounted to $X per ton, picking up by 3% against the previous year. Over the period under review, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 54%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably 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 Tunisia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+0.3%).

Source: IndexBox Market Intelligence Platform

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