Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Greece - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Greece (CIF) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Greece (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Greece
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Greece
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Greece (CIF) - 2023
The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $3,116 per ton in November 2023, shrinking by -5.5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 103% month-to-month. Over the period under review, average import prices hit record highs at $3,451 per ton in April 2023; however, from May 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was France ($3,941 per ton), while the price for Bulgaria ($909 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Greece (FOB) - 2022
In 2022, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $2,809 per ton, rising by 16% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $2,918 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 the United Arab Emirates ($28,286 per ton), while the average price for exports to Romania ($2,170 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 the United Arab Emirates (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Greece
In 2022, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into Greece dropped modestly to 9.8K tons, flattening at 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 6.1% against the previous year. As a result, imports reached the peak of 9.8K tons, leveling off in the following year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) reached $32M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.0 | 6.5 | 9.7 | 9.2 | 15.3% |
| Germany | 5.7 | 6.9 | 8.0 | 7.6 | 10.1% |
| Italy | 7.0 | 7.0 | 7.0 | 6.5 | -2.4% |
| China | 1.2 | 0.6 | 1.3 | 2.3 | 24.2% |
| Belgium | 1.0 | 0.8 | 0.5 | 0.9 | -3.5% |
| Netherlands | 0.4 | 0.3 | 0.7 | 0.8 | 26.0% |
| Turkey | 0.5 | 0.6 | 0.7 | 0.5 | 0.0% |
| Bulgaria | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Others | 2.2 | 2.4 | 2.7 | 3.7 | 18.9% |
| Total | 24.1 | 25.2 | 30.7 | 31.9 | 9.8% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Greece in 2022:
- France (2.6K tons)
- Germany (2.2K tons)
- Italy (1.8K tons)
- China (0.8K tons)
- Belgium (0.6K tons)
- Netherlands (0.4K tons)
- Turkey (0.2K tons)
- Bulgaria (0.2K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Greece
For the fourth year in a row, Greece recorded growth in overseas shipments of adhesives; prepared, based on rubber or plastics (including artificial resins), which increased by 6.3% to 1.2K tons in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 30%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) skyrocketed to $3.4M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 35% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 283 | 256 | 360 | 698 | 35.1% |
| Cyprus | 355 | 536 | 776 | 678 | 24.1% |
| Bulgaria | 135 | 122 | 308 | 423 | 46.3% |
| Azerbaijan | 168 | 190 | 202 | 353 | 28.1% |
| Armenia | 153 | 273 | 144 | 311 | 26.7% |
| Romania | 66.1 | 5.1 | 12.7 | 305 | 66.5% |
| Albania | 148 | 160 | 186 | 136 | -2.8% |
| Algeria | 12.0 | 51.9 | 170 | 51.6 | 62.6% |
| Italy | 48.5 | 25.2 | 249 | 21.1 | -24.2% |
| Poland | 165 | 12.2 | N/A | 12.0 | -58.3% |
| Others | 357 | 404 | 334 | 380 | 2.1% |
| Total | 1,891 | 2,036 | 2,741 | 3,369 | 21.2% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Greece in 2022:
- Turkey (298.6 tons)
- Cyprus (230.4 tons)
- Romania (140.7 tons)
- Bulgaria (117.9 tons)
- Azerbaijan (113.5 tons)
- Armenia (100.0 tons)
- Albania (46.9 tons)
- Algeria (18.9 tons)
- Italy (7.3 tons)
- Poland (6.2 tons)
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