Bituminous mixtures market in Greece

Earlier Report Observations

The Greek market for bituminous mixtures in physical volume grew substantially from 702 thousand tons in 2018 to 930.8 thousand tons in 2021. This overall expansion of 32.6% was marked by a strong surge in 2019, a slight contraction in 2020, and a renewed increase in 2021.

The rise in market volume was directly supported by a consistent increase in domestic production, which expanded from 709.4 thousand tons to 936.4 thousand tons over these years. Concurrently, export volumes declined, making more product available for the domestic market, while import levels remained minimal.

In monetary terms, the market value increased even more sharply, from 19.95 million US dollars to 26.75 million US dollars, indicating a rise in the average value of the bituminous mixtures sold during this period.

Production bituminous mixtures in Greece

In value, 2017-2020, K $ US

In 2020, Greece's production of bituminous mixtures was valued at 24 535 thousand US dollars, marking a moderate contraction of 8.5% compared to the previous year. Looking at the period from 2017 to 2020, overall production decreased by 3.8%, which translates to an annualized decline of 1.3%. The lowest value was recorded in 2018 at 24 504 thousand US dollars, while the peak occurred in 2019 with 26 813 thousand US dollars. The largest year-on-year increase was in 2019, at 9.4%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, K t

In 2020, Greece produced 825.4 thousand tonnes of bituminous mixtures, reflecting a moderate decrease of 3.8% compared to 2019. The lowest production volume was in 2018 at 709.4 thousand tonnes, and the highest was in 2019 at 857.6 thousand tonnes. The largest decline occurred in 2018, dropping by 13.0%, while the biggest increase was in 2019, rising by 20.9%.

Annual dynamics of production in Greece in kind, 2017-2020, K t

Exports bituminous mixtures from Greece

Exports in kind, t

Bituminous mixtures exports from Greece declined for the second consecutive year. In 2020, Greece exported 5 703 tonnes, down by 18.7% compared to the previous year. The highest export volume was recorded in 2018 at 8 519 tonnes, with the largest increase that year at 49.0%.

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

From 2017 to 2020, the main destinations for Greece's bituminous mixtures exports in kind were Bulgaria, accounting for 62.9% of exports, Israel at 16.9%, and Romania at 5.9%. Together, these three countries represented 85.8% of total export flows.

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

Greece's bituminous mixtures exports in value terms declined for the second year in a row. In 2020, exports amounted to 3 049 thousand US dollars, showing a notable decrease of 21.5% from the previous year. Over the period from 2017 to 2020, exports fell by 8.9%, equivalent to an annualized decline of 3.0%. The peak value was in 2018 at 4 949 thousand US dollars. The largest decline occurred in 2019, dropping by 21.5%, while the biggest increase was in 2018, rising by 48.0%.

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

Throughout 2017 to 2020, the primary markets for Greece's bituminous mixtures exports in value terms were Bulgaria, with 55.3% of exports, Israel at 17.4%, and Romania at 6.4%. Collectively, these three countries accounted for 79.1% of total export flows.

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

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

Imports bituminous mixtures to Greece

Imports in kind, t

Bituminous mixtures imports into Greece declined for the third consecutive year. In 2020, imports totaled 145 tonnes, showing a slight decrease of 0.8% from the previous year. Over the period from 2017 to 2020, imports decreased by 86.9%, with a compound annual growth rate (CAGR) of -49.3%.

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

From 2017 to 2020, Oman was the key supplier of bituminous mixtures to Greece, accounting for 72.8% of total imports in kind. The remainder came from a diverse group of other countries.

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

Bituminous mixtures imports into Greece declined for the second consecutive year. In 2020, imports stood at 181 thousand US dollars, which is 31.0% lower than the previous year. Over the period from 2017 to 2020, imports decreased by 48.7%, with a compound annual growth rate (CAGR) of -19.9%. The highest value was recorded in 2018 at 399 thousand US dollars. The largest decline occurred in 2019, falling by 34.4%, while the biggest increase was in 2018, rising by 13.2%.

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

From 2017 to 2020, the main sources for Greece's bituminous mixtures imports in value terms were Germany, with 37.6% of imports, Spain at 12.8%, and the Netherlands at 12.0%. Together, these three countries formed 62.4% of total import flows.

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

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