Greece - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

Greece: Silicone Market Overview 2019

Silicone Market Size in Greece

The revenue of the silicone market in Greece amounted to $X in 2017, increasing by X% against the previous year. In general, silicone consumption continues to indicate a moderate descent. The pace of growth was the most pronounced in 2010, with an increase of X% y-o-y. In that year, the silicone market reached their peak level of $X. From 2011 to 2017, growth of the silicone market stood at a somewhat lower level.

Silicone Production in Greece

In 2017, silicone production in Greece amounted to X tonnes, lowering by -X% against the previous year. Overall, silicone production continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2009, when the output figure increased by X% against the previous year. The silicone production peaked of X tonnes in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Silicone Exports

Exports from Greece

In 2017, the amount of silicones (in primary forms) exported from Greece totaled X tonnes, coming up by X% against the previous year. Overall, silicone exports continue to indicate a deep curtailment. The pace of growth appeared the most rapid in 2014, when it surged by X% year-to-year. Over the period under review, the silicone exports attained its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, silicone exports stood at $X in 2017. Overall, silicone exports continue to indicate an abrupt contraction. Over the period under review, the silicone exports reached its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Exports by Country

Albania (X tonnes), China (X tonnes) and Italy (X tonnes) were the main destinations of silicone exports from Greece, with a combined X% share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Italy (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Bulgaria ($X) and Albania ($X) were the largest markets for silicone exported from Greece worldwide, with a combined X% share of total exports. These countries were followed by China, Italy, Romania, the U.S., Portugal, Colombia, the Netherlands, Cyprus and Macedonia, which together accounted for a further X%.

Italy (+X% per year) recorded the highest growth rate of exports,among the main countries of destination over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the average silicone export price amounted to $X per tonne, declining by -X% against the previous year. Overall, silicone export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2013, when it surged by X% y-o-y. In that year, the average export prices for silicones (in primary forms) reached their peak level of $X per tonne. From 2014 to 2017, growth of the average export prices for silicones (in primary forms) stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Saudi Arabia ($X per kg), while average price for exports to Macedonia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Bulgaria (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Greece

Silicone imports into Greece amounted to X tonnes in 2017, falling by -X% against the previous year. In general, silicone imports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2013, when it surged by X% year-to-year. Over the period under review, the silicone imports attained its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, silicone imports totaled $X in 2017. Overall, silicone imports continue to indicate a pronounced downturn. Over the period under review, the silicone imports attained its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Imports by Country

In 2017, Germany (X tonnes) constituted the largest supplier of silicone to Greece, with a X% share of total imports. Moreover, silicone imports from Germany exceeded the figures recorded by the second largest supplier, the Netherlands (X tonnes), fourfold. Belgium (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume from Germany totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Belgium (-X% per year).

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

From 2007 to 2017, the average annual rate of growth in terms of value from Germany amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and the Netherlands (-X% per year).

Import Prices by Country

The average silicone import price stood at $X per tonne in 2017, coming up by X% against the previous year. In general, silicone import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. The import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Italy ($X per tonne), while price for Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Italy (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.