Cellular PU plates, sheets, film, foil and strip market in Greece

Earlier Report Observations

The market for cellular polyurethane plates, sheets, film, foil and strip in Greece more than doubled in volume between 2018 and 2024, rising from 2 187 t to 5 515 t. This expansion was led by a sharp 63% surge in market size to 4 601 t in 2021, followed by a slight dip in 2022 and continued growth through 2024.

Domestic production increased from 1 035 t to 1 792 t over the period, though imports consistently supplied the bulk of the market. The 2021 leap was mirrored by rises in both production and imports, pointing to a broad-based increase in demand across the supply chain.

The market's growth to 5 515 t in 2024 coincided with a wave of infrastructure, energy, and tourism investments that boosted construction activity. At the same time, the introduction of innovative polyurethane insulation panels with very low thermal conductivity and improved mechanical strength made these products more appealing for building applications, further driving consumption.

Production cellular PU plates, sheets, film, foil and strip in Greece

In value, 2017-2020, K $ US

In Greece, the output value of cellular PU plates, sheets, film, foil, and strip reached 5 432 K $ US in 2020, marking a 3.0% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 24%, with a compound annual growth rate (CAGR) of 7.4%. The largest increase occurred in 2018, at 20.8%, while the largest decline was recorded in 2019, at 0.3%.

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

In kind, 2017-2020, t

Cellular PU plates, sheets, film, foil, and strip production in Greece increased for the third consecutive year. In 2020, Greece produced 1 122 t of these products, representing a 3.5% advance over the previous year. From 2017 to 2020, production rose by 32.8%, with a compound annual growth rate (CAGR) of 9.9%.

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

Exports cellular PU plates, sheets, film, foil and strip from Greece

Exports in kind, t

The market showed an unstable trend throughout the timeframe. In 2017, exports reached their lowest volume, while the highest was recorded in 2018, with a 1.8-fold gap between these years. In 2020, exported volumes from Greece stood at 540 t, down by 11.2% compared to 2019. The maximum value was 777 t in 2018. The largest decline occurred in 2019, at 21.7%, and the largest increase was in 2018, at 80.9%.

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

From 2017 to 2020, the United States (25.9% of exports in kind), Italy (14.8% of exports in kind), and Cyprus (9.6% of exports in kind) remained the principal buyers of cellular PU plates, sheets, film, foil, and strip from Greece, jointly accounting for 50.4% 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

After a two-year increase, cellular PU plates, sheets, film, foil, and strip shipments from Greece to abroad declined. In 2020, exports amounted to 2 161 K $ US, marking a small reduction of 2.6% relative to the prior year. Between 2017 and 2020, exports increased by 24%, equating to an annualized rate of 7.4%. The maximum value was recorded in 2019 at 2 218 K $ US. The largest increase occurred in 2018, at 23.0%.

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

Over the period 2017–2020, the United States (35.3% of exports in value terms), Cyprus (12.6% of exports in value terms), and Italy (9.4% of exports in value terms) headed the ranking of buyers of cellular PU plates, sheets, film, foil, and strip from Greece, with their combined share reaching 57.3% of total exports in value terms.

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

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

Imports cellular PU plates, sheets, film, foil and strip to Greece

Imports in kind, t

Cross-border shipments of cellular PU plates, sheets, film, foil, and strip to Greece increased for the second consecutive year. In 2020, imports came to 2 248 t, marking a robust increase of 11.6% over the past year. Over the period 2017-2020, imports increased by 15.8%, with a compound annual growth rate (CAGR) of 5.0%. The minimum value was recorded in 2018 at 1 929 t. The largest decline occurred in 2018, at 0.6%.

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

Over 2017–2020, imports in kind were distributed across a wide set of partner countries, with Turkey (19.7% of imports in kind), Italy (15.8% of imports in kind), and Bulgaria (11.2% of imports in kind) jointly accounting for just 46.7% of total 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

In 2020, Greece's volume of cellular PU plates, sheets, film, foil, and strip imports totalled 7 670 K $ US, which is 6.9% higher versus the previous year. The minimum value was recorded in 2019 at 7 173 K $ US, and the maximum value was in 2018 at 8 657 K $ US. The largest decline occurred in 2019, at 17.1%, while the largest increase was in 2018, at 14.6%.

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

From 2017 to 2020, cellular PU plates, sheets, film, foil, and strip were imported to Greece from many countries. Even the largest destinations — Turkey, Italy, and Germany — together represented only 45.0% of total imports in value terms.

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

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