Greece: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Greece

The Greek polymethyl methacrylate market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption showed a noticeable slump. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Polymethyl Methacrylate Exports

Exports from Greece

Polymethyl methacrylate exports from Greece rose rapidly to X tons in 2022, with an increase of X% on 2021 figures. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, polymethyl methacrylate exports dropped modestly to $X in 2022. Over the period under review, exports showed prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for polymethyl methacrylate exports from Greece, accounting for a X% share of total exports. Moreover, polymethyl methacrylate exports to Hong Kong SAR exceeded the volume sent to the second major destination, Bulgaria (X tons), eightfold. Nigeria (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Nigeria (X.1% per year).

In value terms, the largest markets for polymethyl methacrylate exported from Greece were Hong Kong SAR ($X), Nigeria ($X) and Bulgaria ($X), together accounting for X% of total exports.

Nigeria, with a CAGR of X%, 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 2022, the average polymethyl methacrylate export price amounted to $X per ton, falling by X% against the previous year. In general, the export price recorded a noticeable setback. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Hong Kong SAR ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Polymethyl Methacrylate Imports

Imports into Greece

In 2022, supplies from abroad of polymethyl methacrylate in primary forms decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports recorded a pronounced decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, polymethyl methacrylate imports surged to $X in 2022. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest polymethyl methacrylate supplier to Greece, with a X% share of total imports. Moreover, polymethyl methacrylate imports from Italy exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

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

In value terms, Italy ($X) constituted the largest supplier of polymethyl methacrylate in primary forms to Greece, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

The average polymethyl methacrylate import price stood at $X per ton in 2022, growing 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 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform