Greece: Alkyd Resins Market 2024

Alkyd Resins Market Size in Greece

In 2023, the Greek alkyd resins market decreased by X% to $X, falling for the fourth consecutive year after four years of growth. Overall, consumption recorded a perceptible slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Alkyd Resins Production in Greece

In value terms, alkyd resins production dropped modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Alkyd resins production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Alkyd Resins Exports

Exports from Greece

In 2023, overseas shipments of alkyd resins in primary forms increased by X% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, alkyd resins exports soared to $X in 2023. Overall, exports recorded a modest expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons), Albania (X tons) and Spain (X tons) were the main destinations of alkyd resins exports from Greece, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for alkyd resins in primary forms exports from Greece, comprising X% of total exports. The second position in the ranking was held by Albania ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (X% per year) and Spain (X% per year).

Export Prices by Country

The average alkyd resins export price stood at $X per ton in 2023, dropping by X% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, alkyd resins export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Alkyd Resins Imports

Imports into Greece

In 2023, the amount of alkyd resins in primary forms imported into Greece totaled X tons, picking up by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, alkyd resins imports rose significantly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), Bulgaria (X tons) and Egypt (X tons) were the main suppliers of alkyd resins imports to Greece, together comprising X% of total imports. Germany, Poland, the Netherlands, South Korea and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest alkyd resins suppliers to Greece were Turkey ($X), Germany ($X) and Bulgaria ($X), with a combined X% share of total imports. Egypt, Poland, the Netherlands, South Korea and Italy lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw 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

In 2023, the average alkyd resins import price amounted to $X per ton, declining by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced slightly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform