Greece: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Greece

In 2022, the Greek natural rubber and gum market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded strong growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Exports of Natural Rubber And Gums

Exports from Greece

For the fifth year in a row, Greece recorded growth in shipments abroad of natural rubber and gums, which increased by X% to X tons in 2022. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, natural rubber and gum exports skyrocketed to $X in 2022. In general, exports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Poland (X tons) was the main destination for natural rubber and gum exports from Greece, accounting for a X% share of total exports. Moreover, natural rubber and gum exports to Poland exceeded the volume sent to the second major destination, Israel (X tons), more than tenfold. The third position in this ranking was held by Bulgaria (X kg), with less than X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Bulgaria (X% per year).

In value terms, Poland ($X) remains the key foreign market for natural rubber and gums exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by Bulgaria, with less than X% share.

From 2012 to 2022, the average annual growth rate of value to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Bulgaria (X% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X%), while the prices for the other major destinations experienced a decline.

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Imports of Natural Rubber And Gums

Imports into Greece

In 2022, approx. X tons of natural rubber and gums were imported into Greece; rising by X% compared with 2021 figures. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, natural rubber and gum imports expanded significantly to $X in 2022. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest natural rubber and gum supplier to Greece, accounting for a X% share of total imports. Moreover, natural rubber and gum imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bulgaria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Thailand (X% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of natural rubber and gums to Greece, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bulgaria totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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