Greece: Lime Market Overview 2021

Lime Market Size in Greece

After two years of decline, the Greek lime market increased by X% to $X in 2019. Over the period under review, consumption, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Lime consumption peaked at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Lime Production in Greece

In value terms, lime production soared to $X in 2019 estimated in export prices. Over the period under review, production, however, recorded a abrupt setback. Lime production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Lime Exports

Exports from Greece

Lime exports from Greece surged to X tonnes in 2019, jumping by X% compared with the previous year. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, exports hit record highs at X tonnes in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

In value terms, lime exports skyrocketed to $X in 2019. Over the period under review, exports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Macedonia (X tonnes) was the main destination for lime exports from Greece, accounting for a X% share of total exports. Moreover, lime exports to Macedonia exceeded the volume sent to the second major destination, Bulgaria (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Macedonia was relatively modest.

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

From 2007 to 2019, the average annual growth rate of value to Macedonia amounted to -X%.

Export Prices by Country

The average lime export price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2019, the country with the highest price was Macedonia ($X per tonne), while the average price for exports to Bulgaria totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria.

Lime Imports

Imports into Greece

In 2019, imports of quicklime, slaked lime and hydraulic lime into Greece was estimated at X tonnes, with an increase of X% against the previous year's figure. In general, imports saw a pronounced expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, lime imports stood at $X in 2019. Overall, imports posted a tangible expansion. 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 reached the peak figure at $X in 2008; afterwards, it flattened through to 2019.

Imports by Country

In 2019, Bulgaria (X tonnes) constituted the largest supplier of lime to Greece, accounting for a X% share of total imports. Moreover, lime imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), ninefold. Portugal (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Bulgaria amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Portugal (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from Bulgaria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Portugal (+X% per year).

Import Prices by Country

In 2019, the average lime import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was France ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, 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 quicklime, slaked lime and hydraulic lime in the world?

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The countries with the highest volumes of lime consumption in 2019 were China (47M tonnes), Japan (25M tonnes) and the U.S. (15M tonnes), with a combined 46% share of global consumption.

What are the largest producers of quicklime, slaked lime and hydraulic lime in the world?

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The countries with the highest volumes of lime production in 2019 were China (47M tonnes), Japan (25M tonnes) and the U.S. (15M tonnes), with a combined 46% share of global production. These countries were followed by Indonesia, Brazil, Germany, Pakistan, Turkey, Mexico, Italy, Viet Nam, Russia and Iran, which together accounted for a further 27%.

What are the leading suppliers of quicklime, slaked lime and hydraulic lime to Greece?

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In value terms, Bulgaria ($1.2M) constituted the largest supplier of lime to Greece, comprising 73% of total imports. The second position in the ranking was occupied by France ($168K), with a 10% share of total imports. It was followed by Portugal, with a 9% share.

What are the leading importers of quicklime, slaked lime and hydraulic lime from Greece?

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In value terms, Macedonia ($1.5M) remains the key foreign market for lime exports from Greece, comprising 93% of total exports. The second position in the ranking was occupied by Bulgaria ($53K), with a 3.3% share of total exports.

What is the average export price for quicklime, slaked lime and hydraulic lime in Greece?

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The average lime export price stood at $78 per tonne in 2019, declining by -12% against the previous year.

What is the average import price for quicklime, slaked lime and hydraulic lime in Greece?

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In 2019, the average lime import price amounted to $94 per tonne, with a decrease of -1.8% against the previous year.