Greece: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Greece

The Greek unsaturated acyclic hydrocarbons market was finally on the rise to reach $X in 2021, after five years of decline. Overall, consumption, however, saw a deep downturn. Unsaturated acyclic hydrocarbons consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Production in Greece

In value terms, unsaturated acyclic hydrocarbons production surged to $X in 2021 estimated in export price. Overall, production, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2015 when the production volume increased by 24%. Unsaturated acyclic hydrocarbons production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Greece

In 2021, exports of unsaturated acyclic hydrocarbons from Greece reduced dramatically to X tons, declining by -22.5% compared with the year before. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 155%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons exports rose sharply to $X in 2021. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 37%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cyprus (X tons) and North Macedonia (X tons) were the main destinations of unsaturated acyclic hydrocarbons exports from Greece.

From 2012 to 2021, the biggest increases were recorded for North Macedonia (with a CAGR of +5.2%).

In value terms, the largest markets for unsaturated acyclic hydrocarbons exported from Greece were Cyprus ($X) and North Macedonia ($X).

North Macedonia, with a CAGR of +13.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons export price amounted to $X per ton, rising by 47% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsaturated acyclic hydrocarbons export price increased by +40.8% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 64%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to North Macedonia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Greece

In 2021, approx. X tons of unsaturated acyclic hydrocarbons were imported into Greece; growing by 56% against 2020 figures. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 612% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons imports expanded markedly to $X in 2021. Over the period under review, imports showed tangible growth. The most prominent rate of growth was recorded in 2014 with an increase of 128%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Slovenia (X tons) constituted the largest supplier of unsaturated acyclic hydrocarbons to Greece, with a 67% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from Slovenia exceeded the figures recorded by the second-largest supplier, Serbia (X tons), fourfold. The UK (X kg) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from Slovenia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (-6.1% per year) and the UK (+20.3% per year).

In value terms, Slovenia ($X), the UK ($X) and Spain ($X) were the largest unsaturated acyclic hydrocarbons suppliers to Greece, together comprising 88% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +25.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons import price amounted to $X per ton, which is down by -26.4% against the previous year. Over the period under review, the import price recorded a pronounced slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by 295%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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