Greece: Wooden Window Market 2022

Wooden Window Market Size in Greece

The Greek wooden window market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a slight descent. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Wooden Window Production in Greece

In value terms, wooden window production rose markedly to $X in 2021 estimated in export price. Overall, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 55% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Wooden Window Exports

Exports from Greece

In 2021, overseas shipments of windows, french windows and their frames of wood decreased by -49.6% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 138%. As a result, the exports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, wooden window exports declined remarkably to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 170%. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

Cyprus (X tons) was the main destination for wooden window exports from Greece, accounting for a 55% share of total exports. Moreover, wooden window exports to Cyprus exceeded the volume sent to the second major destination, Algeria (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus stood at +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (0.0% per year) and Germany (+36.1% per year).

In value terms, Cyprus ($X) remains the key foreign market for wooden window exports from Greece, comprising 78% of total exports. The second position in the ranking was held by Germany ($X), with an 8.6% share of total exports. It was followed by the UK, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cyprus totaled +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+26.0% per year) and the UK (+37.6% per year).

Export Prices by Country

The average wooden window export price stood at $X per ton in 2021, growing by 12% against the previous year. In general, the export price enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Window Imports

Imports into Greece

Wooden window imports into Greece expanded notably to X tons in 2021, growing by 13% compared with the previous year's figure. Overall, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 71% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden window imports soared to $X in 2021. In general, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of wooden window to Greece, accounting for a 67% share of total imports. Moreover, wooden window imports from Poland exceeded the figures recorded by the second-largest supplier, North Macedonia (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (+32.8% per year) and Italy (-26.6% per year).

In value terms, Poland ($X) constituted the largest supplier of wooden window to Greece, comprising 69% of total imports. The second position in the ranking was held by North Macedonia ($X), with a 13% share of total imports. It was followed by Italy, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (+40.6% per year) and Italy (-20.3% per year).

Import Prices by Country

The average wooden window import price stood at $X per ton in 2021, with an increase of 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2017 when the average import price increased by 55%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :