Market research

Coal market in Greece

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Greek coal market contracted sharply from 37 million tons in 2018 to 12.3 million tons in 2021, driven by the country's energy transition within the EU framework. State-owned power company DEH closed older lignite plants and invested in natural gas units, while stricter environmental regulations and emission limits reduced coal demand. The COVID-19 pandemic in 2020 further lowered consumption due to supply chain disruptions and decreased economic activity.

New players entered the natural gas and renewable energy markets in 2021, accelerating the shift away from coal. However, in 2022, coal production rebounded, lifting market volume to 14 million tons despite ongoing decarbonization policies and a consumer preference shift toward cleaner energy sources.

By 2024, coal imports had fallen to 68 thousand tons, while exports surged to 871 thousand tons, reflecting a structural market change as Greece reduces domestic coal use and increases outward shipments.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2022
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2022
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Greece
  1. 5.1.1. Annual dynamics of production in Greece in kind, 2018-2022, K t
  2. 5.1.2. Annual dynamics of production in Greece in value, 2018-2022, $ US
2. 5.2. Global production by Country, 2018-2022
  1. 5.2.1. Annual dynamics of production by country in kind, 2018-2022, K t
  2. 5.2.2. Structure of production by countries in kind, 2018-2022
  3. 5.2.3. Dynamics of peoduction structure by countries in kind, 2018-2022
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Greece in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Greece by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Greece in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Greece by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Greece, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Greece by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Greece in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Greece by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Greece in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Greece by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Greece, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Greece by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Greece in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Greece by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Greece in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Greece by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Greece, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Greece by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Greece in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Greece by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Greece in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Greece by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Greece, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Greece by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production coal in Greece

In kind, 2017-2020, K t

Between 2017 and 2020, Greece ranked 19th globally in coal production.

Top producers of coal, 2017-2020

Source: SHEV.io

World map of production of coal, 2017-2020

Source: SHEV.io

Greece's coal production declined for the third consecutive year. In 2020, the country produced 14 000 thousand tons of coal, marking a 46.2% decrease compared to 2019. Over the 2017-2020 period, production fell by 63%, with an annualized decline rate of 28.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.2%)	(28.9%)	(46.2%)	(28.2%)

Source: SHEV.io

In value, 2017-2020, M $ US

Greece's coal production declined for the third consecutive year. In 2020, the output was valued at 1 460 million US dollars, reflecting a 55.1% drop from the previous year. From 2017 to 2020, production decreased by 77.6%, with an annualized decline rate of 39.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(23.9%)	(34.4%)	(55.1%)	(39.2%)

Source: SHEV.io

Exports coal from Greece

Exports in kind, K t

The market showed significant volatility during these years. Exports reached their lowest point in 2020 at 8.7 thousand tons, a steep 41.1% reduction from 2019. The peak was recorded in 2018 at 20.7 thousand tons, representing a 109.9% increase from the previous year. Overall, there was a 2.4-fold variation between the 2018 maximum and 2020 minimum.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	109.9%	(28.9%)	(41.1%)	(4.2%)

Source: SHEV.io

From 2017 to 2020, North Macedonia was the primary market for Greek coal exports in volume terms, accounting for 75.6% of total exports, while other destinations played a smaller role.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Coal exports from Greece declined for the second consecutive year. In 2020, exports totaled 902 thousand US dollars, indicating a 50.9% decrease compared to 2019. The peak value was recorded in 2018 at 2 802 thousand US dollars, which represented a 65.2% increase from the previous year. Between 2017 and 2020, exports fell by 46.8%, with an annualized decline rate of 19.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	65.2%	(34.4%)	(50.9%)	(19.0%)

Source: SHEV.io

Over the 2017-2020 period, North Macedonia and Bulgaria were the dominant buyers of Greek coal in value terms, together accounting for 90.8% of total exports, with other destinations each holding relatively small shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports coal to Greece

Imports in kind, K t

Coal imports to Greece declined for the second consecutive year. In 2020, Greece imported 342.0 thousand tons of coal, reflecting a modest 4.7% decrease compared to 2019. The peak was in 2018 at 459.2 thousand tons, a 32.9% increase from the previous year. The largest decline occurred in 2019, with a 21.8% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	32.9%	(21.8%)	(4.7%)	(0.3%)

Source: SHEV.io

Throughout 2017-2020, Russia and the United States were the primary sources of coal imports to Greece in volume terms, together accounting for 97.9% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Foreign coal supplies to Greece declined for the second consecutive year. In 2020, Greece imported approximately 23 014 thousand US dollars worth of coal, down by 21.9% compared to 2019. The peak value was recorded in 2018 at 49 024 thousand US dollars, a 34.1% increase from the previous year. The largest decline occurred in 2019, with a 39.9% drop. Between 2017 and 2020, imports decreased by 37.1%, with an annualized decline rate of 14.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	34.1%	(39.9%)	(21.9%)	(14.3%)

Source: SHEV.io

From 2017 to 2020, Russia remained the dominant partner for coal imports to Greece in value terms, with a share of 87.9% of total flows, while other markets accounted for smaller portions.

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

Source: SHEV.io

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

Source: SHEV.io