Greece: Tyre Cord Fabric Market 2024

Tyre Cord Fabric Market Size in Greece

The Greek tyre cord fabric market dropped to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, recorded a modest expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Tyre Cord Fabric Production in Greece

In value terms, tyre cord fabric production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Tyre Cord Fabric Exports

Exports from Greece

Tyre cord fabric exports from Greece skyrocketed to X tons in 2022, increasing by X% on the previous year's figure. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, tyre cord fabric exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a pronounced reduction. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons) was the main destination for tyre cord fabric exports from Greece, with a X% share of total exports. Moreover, tyre cord fabric exports to Bulgaria exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was taken by Romania (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Romania (X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for tyre cord fabric of high tenacity yarn exports from Greece, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

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

Export Prices by Country

In 2022, the average tyre cord fabric export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price faced a drastic downturn. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Italy ($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 Romania (X%), while the prices for the other major destinations experienced a decline.

Tyre Cord Fabric Imports

Imports into Greece

In 2022, after two years of growth, there was significant decline in purchases abroad of tyre cord fabric of high tenacity yarn, when their volume decreased by X% to X tons. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell significantly in the following year.

In value terms, tyre cord fabric imports contracted dramatically to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Bulgaria (X tons) and Poland (X tons) were the main suppliers of tyre cord fabric imports to Greece, together comprising X% 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, the largest tyre cord fabric suppliers to Greece were China ($X), the Netherlands ($X) and Poland ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tyre cord fabric import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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