Greece: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Greece

For the third consecutive year, the Greek vulcanised rubber thread market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Vulcanised Rubber Thread Exports

Exports from Greece

In 2022, shipments abroad of vulcanised rubber thread and cord decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, vulcanised rubber thread exports contracted sharply to $X in 2022. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for vulcanised rubber thread exports from Greece, accounting for a X% share of total exports. Moreover, vulcanised rubber thread exports to Belgium exceeded the volume sent to the second major destination, Spain (X tons), fourfold. Hungary (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Hungary (X% per year).

In value terms, Belgium ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Greece, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Spain (X% per year).

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Bulgaria ($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 Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Thread Imports

Imports into Greece

Vulcanised rubber thread imports into Greece surged to X tons in 2022, increasing by X% compared with the year before. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised rubber thread imports expanded remarkably to $X in 2022. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of vulcanised rubber thread to Greece, with a X% share of total imports. Moreover, vulcanised rubber thread imports from Malaysia exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Belgium (X% per year).

In value terms, Malaysia ($X), India ($X) and Belgium ($X) were the largest vulcanised rubber thread suppliers to Greece, together accounting for X% of total imports. Turkey, China, the United States, Bulgaria, Italy and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :