Greece: Paper Bag Market 2024

Paper Bag Market Size in Greece

In 2023, after two years of growth, there was significant decline in the Greek paper bag market, when its value decreased by X% to $X. Overall, the total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Paper Bag Production in Greece

In value terms, paper bag production dropped to $X in 2023 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, production attained the peak level of $X, and then declined in the following year.

Paper Bag Exports

Exports from Greece

In 2023, shipments abroad of sacks and bags of paper decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at X tons in 2022, and then contracted in the following year.

In value terms, paper bag exports surged to $X in 2023. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for paper bag exports from Greece, with a X% share of total exports. Moreover, paper bag exports to Italy exceeded the volume sent to the second major destination, Cyprus (X tons), sevenfold. The third position in this ranking was held by Bulgaria (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Bulgaria (X% per year).

In value terms, Italy ($X) remains the key foreign market for sacks and bags of paper exports from Greece, comprising X% of total exports. The second position in the ranking was held by Cyprus ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Hungary (X% per year).

Export Prices by Country

The average paper bag export price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, paper bag export price increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Bag Imports

Imports into Greece

After eleven years of growth, overseas purchases of sacks and bags of paper decreased by X% to X tons in 2023. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2022, and then shrank in the following year.

In value terms, paper bag imports surged to $X in 2023. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

Imports by Country

In 2023, China (X tons) constituted the largest paper bag supplier to Greece, with a X% share of total imports. Moreover, paper bag imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of sacks and bags of paper to Greece, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by Serbia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Serbia (X% per year).

Import Prices by Country

The average paper bag import price stood at $X per ton in 2023, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform