Greece: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Greece

In 2022, after four years of growth, there was decline in the Greek vulcanised rubber seal market, when its value decreased by X% to $X. Overall, the total consumption indicated slight 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, consumption increased by X% against 2017 indices. Vulcanised rubber seal consumption peaked at $X in 2021, and then shrank in the following year.

Vulcanised Rubber Seal Production in Greece

In value terms, vulcanised rubber seal production rose rapidly to $X in 2022 estimated in export price. In general, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Vulcanised rubber seal production peaked in 2022 and is likely to see gradual growth in years to come.

Vulcanised Rubber Seal Exports

Exports from Greece

In 2022, the amount of seals of vulcanised rubber exported from Greece dropped to X tons, almost unchanged from the previous year's figure. In general, exports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, vulcanised rubber seal exports dropped to $X in 2022. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for vulcanised rubber seal exports from Greece, with a X% share of total exports. Moreover, vulcanised rubber seal exports to Bulgaria exceeded the volume sent to the second major destination, Cyprus (X tons), threefold. Romania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bulgaria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Romania (X% per year).

In value terms, the largest markets for vulcanised rubber seal exported from Greece were Cyprus ($X), Bulgaria ($X) and Romania ($X), together comprising X% of total exports. The United Arab Emirates, Marshall Islands, Kuwait, Turkey, Italy, Germany, Spain, Albania and Malta lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised rubber seal export price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price, however, recorded tangible growth. The pace of growth was the most pronounced in 2014 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Albania ($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 Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Greece

In 2022, approx. X tons of seals of vulcanised rubber were imported into Greece; picking up by X% on 2021 figures. Over the period under review, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber seal imports fell to $X in 2022. Overall, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and Bulgaria (X tons) were the main suppliers of vulcanised rubber seal imports to Greece, with a combined X% share of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of seals of vulcanised rubber to Greece, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Bulgaria, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Bulgaria (X% per year).

Import Prices by Country

In 2022, the average vulcanised rubber seal import price amounted to $X per ton, declining by X% against the previous year. In general, import price indicated a tangible 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, vulcanised rubber seal import price decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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