Greece: Mdf Market 2024

Mdf Market Size in Greece

The Greek MDF market surged to $X in 2021, jumping by 25% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.7% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mdf Production in Greece

In value terms, MDF production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 11% against the previous year. Over the period under review, production reached the maximum level in 2021 and is likely to see gradual growth in the near future.

Mdf Exports

Exports from Greece

In 2021, approx. X cubic meters of MDF were exported from Greece; increasing by 49% compared with the year before. Over the period under review, exports, however, showed a pronounced decrease. Over the period under review, the exports hit record highs at X cubic meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, MDF exports skyrocketed to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Albania (X cubic meters) was the main destination for MDF exports from Greece, with a 30% share of total exports. Moreover, MDF exports to Albania exceeded the volume sent to the second major destination, Bulgaria (X cubic meters), twofold. The third position in this ranking was held by Italy (X cubic meters), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Albania stood at -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-5.0% per year) and Italy (+9.0% per year).

In value terms, Bulgaria ($X), Albania ($X) and Cyprus ($X) appeared to be the largest markets for MDF exported from Greece worldwide, with a combined 48% share of total exports. These countries were followed by Romania, Italy, Serbia and North Macedonia, which together accounted for a further 37%.

Romania, with a CAGR of +35.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average MDF export price amounted to $X per cubic meter, growing by 7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2016 an increase of 21%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per cubic meter), while the average price for exports to Albania ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Mdf Imports

Imports into Greece

MDF imports into Greece skyrocketed to X cubic meters in 2021, increasing by 17% against the previous year's figure. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 22%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, MDF imports soared to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Bulgaria (X cubic meters), Turkey (X cubic meters) and Romania (X cubic meters) were the main suppliers of MDF imports to Greece, together comprising 69% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +51.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Turkey ($X) and Romania ($X) constituted the largest MDF suppliers to Greece, with a combined 62% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +42.8%, 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 MDF import price stood at $X per cubic meter in 2021, jumping by 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Slovenia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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