Concrete or artificial stone blocks and bricks market in Greece

Earlier Report Observations

The market for concrete or artificial stone blocks and bricks in Greece showed high volatility between 2018 and 2024. Market volume rose to 101 thousand tons in 2019, then fell sharply to 55 thousand tons in 2020. A gradual recovery followed, reaching 85 thousand tons in 2023, before a moderate decline to 78 thousand tons in 2024.

In value terms, the market exhibited even wider swings. The market value increased from $4.9 million in 2018 to $6.8 million in 2019, dropped to $5.1 million in 2020, and then grew strongly to $10.0 million in 2023, before decreasing to $8.1 million in 2024.

Domestic production followed a similar volatile path, while imports and exports both grew over the period, with exports seeing a notable rise in 2024 that contributed to the reduction in net market volume that year.

Production concrete or artificial stone blocks and bricks in Greece

In value, 2017-2020, K $ US

In Greece, the production value of concrete or artificial stone blocks and bricks reached 3 780 thousand US dollars in 2020, marking a sharp decline of 29.3% compared to the previous year. Looking at the period from 2017 to 2020, production fell by 36.7%, which translates to an annualized decrease of 14.1%. The most significant increase occurred in 2019, with a rise of 19.9%.

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

In kind, 2017-2020, t

Greece produced 38 374 tonnes of concrete or artificial stone blocks and bricks in 2020, reflecting a steep drop of 55.6% from the year before. Over the 2017-2020 timeframe, production decreased by 56.4%, corresponding to a compound annual growth rate (CAGR) of -24.2%. The largest increase was recorded in 2019, at 14.6%.

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

Exports concrete or artificial stone blocks and bricks from Greece

Exports in kind, t

Greece's export volume of concrete or artificial stone blocks and bricks grew for the second year in a row. In 2020, exports stood at 7 459 tonnes, up 6.0% from 2019. Between 2017 and 2020, exports increased by 17.8%, equating to an annualized growth rate of 5.6%. The lowest volume was in 2018, at 6 122 tonnes, which also saw the largest decline of 3.3%. The most substantial increase occurred in 2019, with a 15.0% rise.

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

From 2017 to 2020, the largest buyers of Greece's concrete or artificial stone blocks and bricks by volume were North Macedonia, accounting for 35.7% of exports, Albania with 10.8%, and France at 6.0%. Together, these three countries made up 52.5% of total export volumes.

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 export value of concrete or artificial stone blocks and bricks from Greece fell for the third consecutive year. In 2020, exports amounted to 2 173 thousand US dollars, showing a measured decrease of 5.6% compared to 2019. Over the 2017-2020 period, exports declined by 25.8%, with a compound annual growth rate (CAGR) of -9.5%.

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

Between 2017 and 2020, the top buyers by value were France, representing 16.0% of exports, the United Arab Emirates at 9.6%, and North Macedonia with 9.4%. However, even combined, these three markets accounted for just 35.1% of total export value, indicating a broadly diversified partner base.

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

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

Imports concrete or artificial stone blocks and bricks to Greece

Imports in kind, t

Greece's import volume of concrete or artificial stone blocks and bricks rose for the third year in a row. In 2020, imports totaled 7 459 tonnes, representing a gain of 9.4% over the previous year. From 2017 to 2020, imports increased by 76.7%, with a compound annual growth rate (CAGR) of 20.9%.

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

Throughout 2017-2020, Turkey dominated Greece's import structure by volume, holding a 72.8% share of total flows, while other markets had comparatively modest shares.

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 import value of concrete or artificial stone blocks and bricks declined. In 2020, imports were valued at 3 502 thousand US dollars, reflecting a 5.7% drop from 2019. Over the 2017-2020 period, imports increased by 11.1%, with a compound annual growth rate (CAGR) of 3.6%. The peak value was recorded in 2019 at 3 712 thousand US dollars, which also saw the largest increase of 13.6%.

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

In the 2017-2020 period, Bulgaria and Turkey dominated Greece's imports by value, together accounting for 93.9% of total flows, with other destinations making smaller individual contributions.

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

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