Greece - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Greece: Silicone Market Overview 2020

Silicone Market Size in Greece

The revenue of the silicone market in Greece amounted to $X in 2018, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, silicone consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. In that year, the silicone market reached its peak level and is likely to continue its growth in the immediate term.

Silicone Exports

Exports from Greece

In 2018, the amount of silicones (in primary forms) exported from Greece stood at X tonnes, declining by -X% against the previous year. In general, silicone exports continue to indicate a deep descent. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, silicone exports amounted to $X in 2018. In general, silicone exports continue to indicate a drastic shrinkage. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. In that year, silicone exports reached their peak of $X. From 2011 to 2018, the growth of silicone exports remained at a somewhat lower figure.

Exports by Country

Albania (X tonnes), Bulgaria (X tonnes) and Italy (X tonnes) were the main destinations of silicone exports from Greece, with a combined X% share of total exports. Cyprus, Serbia, the Netherlands, Portugal, Romania, Germany, Poland, Nigeria and Lebanon lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Portugal, while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Italy ($X) and Albania ($X) constituted the largest markets for silicone exported from Greece worldwide, with a combined X% share of total exports. These countries were followed by Serbia, Cyprus, Romania, Portugal, Poland, Germany, the Netherlands, Lebanon and Nigeria, which together accounted for a further X terms of the main countries of destination, Poland experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silicone export price stood at $X per tonne in 2018, jumping by X% against the previous year. In general, the silicone export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for silicones (in primary forms) attained their peak figure at $X per tonne in 2010; however, from 2011 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 Bulgaria ($X per tonne), while the average price for exports to the Netherlands ($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.

Silicone Imports

Imports into Greece

In 2018, the silicone imports into Greece stood at X tonnes, picking up by X% against the previous year. In general, silicone imports, however, continue to indicate a mild setback. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, silicone imports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, silicone imports stood at $X in 2018. Overall, silicone imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, silicone imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest silicone supplier to Greece, accounting for a X% share of total imports. Moreover, silicone imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), twofold. France (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and France (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value from Germany totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the average silicone import price amounted to $X per tonne, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2010; however, from 2011 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform