Greece: Iron Oxide Pigments Market Overview 2020

Iron Oxide Pigments Market Size in Greece

The revenue of the iron oxide pigments 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). In general, iron oxide pigments consumption continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. In that year, the iron oxide pigments market attained its peak level and is likely to continue its growth in the immediate term.

Iron Oxide Pigments Exports

Exports from Greece

In 2018, the exports of iron oxides and hydroxides from Greece stood at X tonnes, coming down by -X% against the previous year. In general, iron oxide pigments exports continue to indicate an abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

In value terms, iron oxide pigments exports amounted to $X in 2018. In general, iron oxide pigments exports continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, iron oxide pigments exports reached their peak figure at $X in 2010; however, from 2011 to 2018, exports failed to regain their momentum.

Exports by Country

Bulgaria (X tonnes), Serbia (X tonnes) and Macedonia (X tonnes) were the main destinations of iron oxide pigments exports from Greece, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Macedonia, while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for iron oxide pigments exports from Greece, comprising X% of total iron oxide pigments exports. The second position in the ranking was occupied by Bulgaria ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

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

Export Prices by Country

In 2018, the average iron oxide pigments export price amounted to $X per tonne, increasing by X% against the previous year. In general, the iron oxide pigments export price continues to indicate a remarkable expansion. 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 iron oxides and hydroxides reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Bulgaria ($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 Romania, while the prices for the other major destinations experienced more modest paces of growth.

Iron Oxide Pigments Imports

Imports into Greece

In 2018, approx. X tonnes of iron oxides and hydroxides were imported into Greece; increasing by X% against the previous year. Overall, iron oxide pigments imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Imports peaked at X tonnes in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, iron oxide pigments imports stood at $X in 2018. Overall, iron oxide pigments imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. In that year, iron oxide pigments imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest iron oxide pigments supplier to Greece, with a X% share of total imports. Moreover, iron oxide pigments imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), twofold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (-X% per year).

In value terms, Germany ($X) constituted the largest supplier of iron oxide pigments to Greece, comprising X% of total iron oxide pigments imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (+X% per year).

Import Prices by Country

In 2018, the average iron oxide pigments import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price indicated a prominent increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, iron oxide pigments import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. The import price peaked in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for France ($X per tonne) 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 more modest paces of growth.

Source: IndexBox AI Platform