Greece: Plastic Box Market 2024

Plastic Box Market Size in Greece

The Greek plastic box market expanded significantly to $X in 2022, increasing by X% against the previous year. In general, consumption saw a strong expansion. Plastic box consumption peaked in 2022 and is likely to continue growth in the immediate term.

Plastic Box Production in Greece

In value terms, plastic box production amounted to $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Plastic Box Exports

Exports from Greece

In 2022, shipments abroad of plastic boxes, cases, crates and similar packing articles decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, plastic box exports fell modestly to $X in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

Italy (X tons), Israel (X tons) and Romania (X tons) were the main destinations of plastic box exports from Greece, with a combined X% share of total exports. Germany, Cyprus, Bulgaria, the UK, Poland, Serbia, Spain, Albania, Austria and Hungary lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Romania ($X) and Germany ($X) constituted the largest markets for plastic box exported from Greece worldwide, with a combined X% share of total exports. Italy, Cyprus, the UK, Bulgaria, Poland, Spain, Serbia, Albania, Hungary and Austria lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average plastic box export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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 Hungary ($X per ton), while the average price for exports to Austria ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Box Imports

Imports into Greece

For the seventh consecutive year, Greece recorded growth in purchases abroad of plastic boxes, cases, crates and similar packing articles, which increased by X% to X tons in 2022. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, plastic box imports soared to $X in 2022. Over the period under review, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Austria (X tons) and Italy (X tons) were the main suppliers of plastic box imports to Greece, together accounting for X% of total imports. Turkey, China, the Netherlands, Bulgaria, Spain, Romania, Croatia, Hungary, Poland and Serbia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic box suppliers to Greece were Turkey ($X), Italy ($X) and Germany ($X), together comprising X% of total imports. China, Austria, Spain, Bulgaria, Poland, Romania, Serbia, the Netherlands, Croatia and Hungary lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded 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 plastic box import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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