Greece: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Greece

In 2022, the Greek market for prepared glues and other prepared adhesives decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a mild setback. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Greece

In value terms, production of prepared glues and other prepared adhesives reduced modestly to $X in 2022 estimated in export price. Overall, production recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Greece

Exports of prepared glues and other prepared adhesives from Greece expanded remarkably to X tons in 2022, growing by X% compared with 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of prepared glues and other prepared adhesives skyrocketed to $X in 2022. In general, total exports indicated a pronounced expansion 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 2015 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Bulgaria (X tons), Cyprus (X tons) and Thailand (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Greece, together comprising X% of total exports. Romania, Turkey, Malta, Albania, Armenia, North Macedonia, Israel and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malta (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), Bulgaria ($X) and Armenia ($X) were the largest markets for prepared glues and other prepared adhesives exported from Greece worldwide, together accounting for X% of total exports. Turkey, Israel, Albania, Romania, Thailand, Malta, North Macedonia and China lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Thailand, with a CAGR of X%, recorded 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 2022, the average export price for prepared glues and other prepared adhesives amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price 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, export price for prepared glues and other prepared adhesives increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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 Armenia ($X per ton), while the average price for exports to China ($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 more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Greece

In 2022, the amount of prepared glues and other prepared adhesives imported into Greece declined modestly to X tons, dropping by X% on the previous year. Overall, total imports indicated a perceptible increase 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. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of prepared glues and other prepared adhesives amounted to $X in 2022. Over the period under review, total imports indicated buoyant 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Greece, with a combined X% share of total imports. China, Cyprus, Belgium, the Netherlands, Turkey, Portugal, Spain, Bulgaria and Denmark lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), France ($X) and Italy ($X) appeared to be the largest prepared glues and other prepared adhesives suppliers to Greece, together accounting for X% of total imports. China, the Netherlands, Belgium, Spain, Turkey, Portugal, Bulgaria, Cyprus and Denmark lagged somewhat behind, together comprising a further X%.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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