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Greece - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights
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Ethylene Glycol Market Size in Greece
In 2022, the Greek ethylene glycol market increased by 1.3% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.
Ethylene Glycol Exports
Exports from Greece
In 2022, shipments abroad of ethylene glycol (ethanediol) decreased by -40.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 414%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, ethylene glycol exports contracted notably to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 377% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.
Exports by Country
Albania (X tons) was the main destination for ethylene glycol exports from Greece, with a 86% share of total exports. Moreover, ethylene glycol exports to Albania exceeded the volume sent to the second major destination, Cyprus (X tons), more than tenfold. The third position in this ranking was taken by Serbia (X tons), with a 2.5% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Albania stood at +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+5.4% per year) and Serbia (-14.9% per year).
In value terms, Albania ($X) emerged as the key foreign market for ethylene glycol (ethanediol) exports from Greece, comprising 79% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 5.6% share of total exports. It was followed by Serbia, with a 2.4% share.
From 2012 to 2022, the average annual growth rate of value to Albania stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+2.6% per year) and Serbia (-24.9% per year).
Export Prices by Country
The average ethylene glycol export price stood at $X per ton in 2022, picking up by 9.7% against the previous year. In general, the export price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Albania ($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 Germany (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.
Ethylene Glycol Imports
Imports into Greece
Ethylene glycol imports into Greece expanded modestly to X tons in 2022, picking up by 3.5% compared with the previous year. Over the period under review, imports enjoyed mild growth. The most prominent rate of growth was recorded in 2015 with an increase of 142%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.
In value terms, ethylene glycol imports reduced to $X in 2022. Overall, imports, however, showed a slight decrease. The pace of growth was the most pronounced in 2014 with an increase of 109%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.
Imports by Country
Taiwan (Chinese) (X tons), the United States (X tons) and Turkey (X tons) were the main suppliers of ethylene glycol imports to Greece, with a combined 98% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +214.8%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Taiwan (Chinese) ($X), the United States ($X) and Turkey ($X) appeared to be the largest ethylene glycol suppliers to Greece, with a combined 97% share of total imports.
The United States, with a CAGR of +176.5%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 ethylene glycol import price stood at $X per ton in 2022, with a decrease of -6.1% against the previous year. Over the period under review, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 an increase of 98% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($X per ton) and Kuwait ($X per ton), while the price for the United States ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.3%), while the prices for the other major suppliers experienced a decline.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the ethylene glycol market in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142310 - Ethylene glycol (ethanediol)
Country coverage:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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