Articles of non-cellular vulcanised rubber other than hard rubber market in Greece

Earlier Report Observations

Greece's trade in non-cellular vulcanised rubber articles shifted markedly between 2018 and 2024. Imports, after a brief decline in 2019, entered a sustained growth phase, rising from $31.7 million in 2018 to a high of $75.4 million in 2023—a 138% increase over five years—before easing to $64.9 million in 2024. Exports followed an even steeper trajectory, soaring from $7.0 million in 2018 to $38.8 million in 2023, a more than fivefold expansion, though they then fell back to $21.9 million in 2024.

For the years where data is available, domestic production grew from $7.4 million in 2022 to $8.9 million in 2024, a 21% increase over two years. The total market size, reflecting domestic output plus net imports, remained relatively stable at around $45.8 million in 2022 and $45.2 million in 2023, then expanded by 15% to reach $51.9 million in 2024.

Production non-cellular vulcanised rubber articles in Greece

According to Faostat, there is no production of non-cellular vulcanised rubber articles in Greece.

Exports non-cellular vulcanised rubber articles from Greece

Exports in kind, t

Deliveries of articles of non-cellular vulcanised rubber other than hard rubber from Greece declined for the second consecutive year. In 2020, exports were recorded at 4 298 tonnes, marking a 6.5% drop compared to 2019. Over the 2017-2020 period, exports decreased by 3.3%, with a compound annual growth rate (CAGR) of -1.1%. The largest increase occurred in 2018, when exports rose by 18.5% to reach a peak of 5 269 tonnes. However, this was followed by the largest decline in 2019, with a 12.7% decrease.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

From 2017 to 2020, articles of non-cellular vulcanised rubber other than hard rubber from Greece were supplied to a wide range of markets. Even the top three destinations—Romania, Bulgaria, and Cyprus—collectively accounted for only 49.7% of total exports in kind, highlighting the product's diversified market reach.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

In 2020, Greece's exports of articles of non-cellular vulcanised rubber other than hard rubber in value terms registered 5 115 thousand US dollars, showing a steep year-on-year decline of 34.4%. Over the 2017-2020 period, exports decreased by 33.2%, with a compound annual growth rate (CAGR) of -12.6%. The largest increase was recorded in 2019, when exports rose by 11.6% to a peak of 7 798 thousand US dollars.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

Between 2017 and 2020, the geographical structure of exports in value terms was highly diversified. The top three markets—Germany (21.4% of exports in value terms), Hungary (17.1%), and the United Kingdom (8.9%)—together accounted for only 47.3% of total flows. The remaining 52.7% was distributed among numerous smaller partner countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports non-cellular vulcanised rubber articles to Greece

Imports in kind, t

After two years of growth, imports of articles of non-cellular vulcanised rubber other than hard rubber into Greece declined. In 2020, Greece imported approximately 4 258 tonnes, down by 14.6% compared to 2019. Over the 2017-2020 period, imports increased by 4%, with a compound annual growth rate (CAGR) of 1.3%. The largest increase occurred in 2019, when imports rose by 13.5% to a peak of 4 988 tonnes.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

From 2017 to 2020, the country structure of imports in kind was highly diversified. The top three suppliers—China (27.1% of imports in kind), Germany (11.5%), and Italy (11.3%)—together accounted for only 49.8% of total flows. The remaining 50.2% came from a long tail of smaller markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

In 2020, Greece imported approximately 32 354 thousand US dollars worth of articles of non-cellular vulcanised rubber other than hard rubber, reflecting a substantial 13.6% improvement compared to 2019. Between 2017 and 2020, imports increased by 24.6%, equating to an annualized growth rate of 7.6%. The largest decline was recorded in 2019, with a 10.2% decrease, while the largest increase occurred in 2018, with a 22.0% rise.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

Throughout 2017–2020, Germany (30.1% of imports in value terms), Italy (10.8%), and China (10.4%) played the leading roles in imports of articles of non-cellular vulcanised rubber other than hard rubber to Greece. Together, they accounted for 51.2% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020