Greece: Explosives Market Overview 2021

Explosives Market Size in Greece

In 2020, the Greek explosives market increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, recorded a slight contraction. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2009; however, from 2010 to 2020, consumption stood at a somewhat lower figure.

Explosives Production in Greece

In value terms, explosives production shrank slightly to $X in 2020 estimated in export prices. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Explosives Exports

Exports from Greece

In 2020, overseas shipments of prepared explosives decreased by -X% to X tonnes, falling for the second consecutive year after five years of growth. Overall, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, explosives exports declined significantly to $X in 2020. In general, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Albania (X tonnes), Macedonia (X tonnes) and Serbia (X tonnes) were the main destinations of explosives exports from Greece, with a combined X% share of total exports. Cyprus, Romania, Bulgaria and Italy lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Italy, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for explosives exported from Greece were Albania ($X), Macedonia ($X) and Cyprus ($X), together accounting for X% of total exports. Serbia, Romania, Bulgaria and Italy lagged somewhat behind, together accounting for a further X the main countries of destination, Italy saw the highest rates of growth with regard to 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 2020, the average explosives export price amounted to $X per tonne, remaining relatively unchanged against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Cyprus ($X per tonne), while the average price for exports to Serbia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria, while the prices for the other major destinations experienced more modest paces of growth.

Explosives Imports

Imports into Greece

In 2020, imports of prepared explosives into Greece contracted remarkably to X tonnes, shrinking by -X% against 2019 figures. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, explosives imports dropped significantly to $X in 2020. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Poland (X tonnes) constituted the largest explosives supplier to Greece, accounting for a X% share of total imports. Moreover, explosives imports from Poland exceeded the figures recorded by the second-largest supplier, Albania (X tonnes), threefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Poland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Albania (-X% per year) and Germany (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Poland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Albania (-X% per year) and Germany (+X% per year).

Import Prices by Country

The average explosives import price stood at $X per tonne in 2020, dropping by -X% against the previous year. In general, the import price recorded a mild slump. The growth pace was the most rapid in 2019 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Albania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Albania, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared explosives in the world?

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China (1.1M tonnes) remains the largest explosives consuming country worldwide, comprising approx. 23% of total volume. Moreover, explosives consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (427K tonnes), twofold. The third position in this ranking was occupied by Pakistan (213K tonnes), with a 4.7% share.

What are the largest producers of prepared explosives in the world?

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The country with the largest volume of explosives production was China (1.1M tonnes), accounting for 23% of total volume. Moreover, explosives production in China exceeded the figures recorded by the second-largest producer, the U.S. (430K tonnes), twofold. The third position in this ranking was occupied by Pakistan (213K tonnes), with a 4.7% share.

What are the leading suppliers of prepared explosives to Greece?

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In value terms, Poland ($1.6M) constituted the largest supplier of explosives to Greece, comprising 77% of total imports. The second position in the ranking was occupied by Albania ($205K), with a 9.8% share of total imports. It was followed by Germany, with a 9.1% share.

What are the leading importers of prepared explosives from Greece?

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In value terms, the largest markets for explosives exported from Greece were Albania ($1.4M), Macedonia ($1.2M) and Cyprus ($330K), with a combined 84% share of total exports. Serbia, Romania, Bulgaria and Italy lagged somewhat behind, together comprising a further 16%.

What is the average export price for prepared explosives in Greece?

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The average explosives export price stood at $1,346 per tonne in 2020, remaining constant against the previous year.

What is the average import price for prepared explosives in Greece?

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The average explosives import price stood at $1,385 per tonne in 2020, shrinking by -18.3% against the previous year.