Greece: Explosives Market Overview 2020

Explosives Market Size in Greece

The revenue of the explosives market in Greece amounted to $X in 2018, growing by X% against the previous year. In general, explosives consumption continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. Explosives consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Explosives Production in Greece

In value terms, explosives production amounted to $X in 2018 estimated in export prices. Over the period under review, explosives production continues to indicate a mild descent. The pace of growth appeared the most rapid in 2014 when production volume increased by X% against the previous year. Explosives production peaked at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

Explosives Exports

Exports from Greece

In 2018, the amount of prepared explosives exported from Greece amounted to X tonnes, shrinking by -X% against the previous year. Over the period under review, explosives exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, explosives exports stood at $X in 2018. In general, explosives exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, explosives exports attained their maximum at $X in 2017, and then declined slightly in the following year.

Exports by Country

Albania (X tonnes) was the main destination for explosives exports from Greece, accounting for a X% share of total exports. Moreover, explosives exports to Albania exceeded the volume sent to the second major destination, Macedonia (X tonnes), threefold. The third position in this ranking was occupied by Serbia (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Albania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macedonia (-X% per year) and Serbia (-X% per year).

In value terms, Albania ($X) remains the key foreign market for explosives exports from Greece, comprising X% of total explosives exports. The second position in the ranking was occupied by Macedonia ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Albania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macedonia (+X% per year) and Cyprus (-X% per year).

Export Prices by Country

The average explosives export price stood at $X per tonne in 2018, jumping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; 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 2018, 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 2018, approx. X tonnes of prepared explosives were imported into Greece; jumping by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, explosives imports amounted to $X in 2018. In general, explosives imports continue to indicate a significant drop. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

Albania (X tonnes), Poland (X tonnes) and Romania (X tonnes) were the main suppliers of explosives imports to Greece, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Albania, while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Albania ($X) and Romania ($X) were the largest explosives suppliers to Greece, with a combined X% share of total imports.

In terms of the main suppliers, Romania experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average explosives import price stood at $X per tonne in 2018, falling by -X% against the previous year. In general, the explosives import price continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2014 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 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Slovakia ($X per tonne), while the price for Albania ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Slovakia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform