Brake fluids and antifreezes market in Greece

Earlier Report Observations

The market volume for brake fluids and antifreezes in Greece showed considerable volatility from 2018 to 2024. Starting at 6 853 t in 2018, it grew slightly to 7 118 t in 2019, then contracted sharply to 6 230 t in 2020. A strong expansion phase followed, lifting the market to 8 859 t by 2022, the highest level in the period. After a drop to 7 207 t in 2023, volume rebounded to 8 814 t in 2024.

Domestic production followed a broadly similar trajectory, rising from 2 846 t to 3 953 t over the full period, with a notable low in 2020. Imports, constituting the largest supply source, varied between 4 689 t and 5 887 t, while exports remained a smaller flow, peaking at 1 298 t in 2019.

In value terms, the market mirrored these volume shifts but with more pronounced swings in certain years. The market value fell from 10.9 million USD in 2018 to 8.2 million USD in 2020, then recovered strongly to reach 13.7 million USD by 2024.

Production brake fluids and antifreezes in Greece

In value, 2017-2020, K $ US

Production of brake fluids and antifreezes in Greece has declined for the second year in a row. In 2020, output was valued at 2 946 thousand US dollars, marking a 7.9% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 10.4%, with an average annual decline of 3.6%. The highest value was recorded in 2018 at 3 980 thousand US dollars, which saw a 21.0% increase. The largest drop occurred in 2019, with a 19.6% decrease.

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

In kind, 2017-2020, t

Greece's production of brake fluids and antifreezes has decreased for the second consecutive year. In 2020, the country produced 2 465 tonnes, which is 7.9% lower than in 2019. From 2017 to 2020, overall production rose by 6%, translating to an average annual growth rate of 1.9%. The peak was in 2018, with 2 846 tonnes, representing a 22.3% increase.

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

Exports brake fluids and antifreezes from Greece

Exports in kind, t

The data shows irregular fluctuations, pointing to a volatile market environment. Exports bottomed out in 2017 and peaked in 2019, with a 2.4-fold difference between these years. In 2020, Greece exported 569 tonnes of brake fluids and antifreezes, a sharp decline of 56.2% from the previous year. The highest volume was recorded in 2019 at 1 298 tonnes, which saw a 90.3% increase.

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

From 2017 to 2020, the top buyers of brake fluids and antifreezes from Greece were Algeria, with 20.2% of exports in kind, North Macedonia at 16.9%, and Bulgaria at 15.0%. Together, these three countries accounted for 52.1% of total exports in kind.

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

The data indicates irregular changes, reflecting a volatile market environment. Exports reached their lowest point in 2017 and peaked in 2019, with a threefold difference. In 2020, shipments from Greece abroad were valued at 835 thousand US dollars, down 58.3% from 2019. The maximum value was in 2019 at 2 002 thousand US dollars, which experienced a 137.8% increase.

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

Between 2017 and 2020, the main markets for Greek exports in value terms were Algeria, with 21.9% of exports, Bulgaria at 19.8%, and Cyprus at 17.5%. This cluster represented 59.2% 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 brake fluids and antifreezes to Greece

Imports in kind, t

In 2020, Greece's imports of brake fluids and antifreezes reached 4 334 tonnes, a significant decline of 24.5% year-on-year. From 2017 to 2020, imports decreased by 13.1%, with an average annual drop of 4.6%. The highest volume was in 2019 at 5 740 tonnes, which saw a 22.4% increase.

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

From 2017 to 2020, the primary sources for imports in kind to Greece were Belgium, accounting for 48.2% of imports, Germany at 18.7%, and Lithuania at 6.8%. Combined, these three countries made up 73.8% of total import flows.

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

After two years of growth, Greece's imports of brake fluids and antifreezes declined. In 2020, imports totalled 6 104 thousand US dollars, a steep drop of 26.2% compared to the previous year. Between 2017 and 2020, imports fell by 13.9%, equating to an average annual decrease of 4.9%. The peak value was in 2019 at 8 266 thousand US dollars, while the largest increase occurred in 2018, at 10.7%.

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

Throughout 2017 to 2020, the key partners for imports in value terms were Belgium, with 33.0% of imports, Germany at 25.4%, and Lithuania at 11.1%. Together, they accounted for 69.4% 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