Coniferous shaped wood market in Greece

Earlier Report Observations

The market for coniferous shaped wood in Greece exhibited significant volatility in volume from 2018 to 2024. Starting at 12.2 thousand tons in 2018, consumption fell steadily over the next two years to a low of 8 thousand tons in 2020. This downward trend reversed sharply in 2021, with market volume jumping to 11.7 thousand tons, before contracting again to 9.3 thousand tons in 2022 and 7.7 thousand tons in 2023. The period concluded with a modest recovery to 8.7 thousand tons in 2024.

In value terms, the market followed a similar pattern of fluctuation. The market's value peaked at USD 9.9 million in 2021 after a steep decline to USD 6 million in 2020. The subsequent years saw the market value settle at USD 8.8 million in 2022 and USD 7.8 million in 2023, before a slight increase to USD 8.1 million in 2024, reflecting the overall instability in both volume and pricing during the period.

Production coniferous shaped wood in Greece

In value, 2017-2020, K $ US

Greece's production of coniferous shaped wood declined for the third consecutive year. In 2020, output was valued at 1,477 thousand US dollars, marking a sharp decrease of 30.4% compared to the previous year. From 2017 to 2020, production fell by 54.3%, which translates to an annualized decline rate of 23.0%.

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

In kind, 2017-2020, t

Coniferous shaped wood production in Greece fell for the third year in a row. In 2020, Greece produced 1,824 tonnes, down 30.0% year-on-year. Between 2017 and 2020, production decreased by 54%, averaging an annual decline of 22.8%.

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

Exports coniferous shaped wood from Greece

Exports in kind, t

In 2020, Greece exported 133 tonnes of coniferous shaped wood, a 6.2% increase from 2019. From 2017 to 2020, exports grew by 16.9%, with an annualized growth rate of 5.3%. The highest export volume was recorded in 2018 at 178 tonnes, which represented a 56.9% increase from the previous year. In contrast, 2019 saw the largest decline, with exports dropping by 29.8%.

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

Between 2017 and 2020, Albania, Cyprus, and North Macedonia were the primary buyers of coniferous shaped wood from Greece. Albania accounted for 59.8% of exports in volume, Cyprus for 12.6%, and North Macedonia for 6.5%. Together, these three countries made up 78.9% of Greece's total exports in this category.

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 two years of decline, Greece's exports of coniferous shaped wood increased in 2020, reaching 196 thousand US dollars, a slight rise of 1.3% from 2019. However, over the 2017-2020 period, exports decreased by 30.9%, with a compound annual growth rate of -11.6%. The lowest value was recorded in 2019 at 194 thousand US dollars, while the largest decline occurred in 2018, with a drop of 22.6%.

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

From 2017 to 2020, Albania, Cyprus, and North Macedonia were the main markets for Greece's coniferous shaped wood exports in value terms. Albania contributed 27.0% of export value, Cyprus 24.6%, and North Macedonia 10.8%. Collectively, these three countries accounted for 62.3% 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 coniferous shaped wood to Greece

Imports in kind, t

Greece's imports of coniferous shaped wood declined for the second consecutive year. In 2020, imports stood at 6,333 tonnes, a significant drop of 22.0% from the previous year. Between 2017 and 2020, imports decreased by 18.3%, averaging an annual decline of 6.5%. The peak import volume was in 2018 at 9,497 tonnes, which was a 22.5% increase from 2017.

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

From 2017 to 2020, Finland, Russia, and Estonia were the top sources for Greece's imports of coniferous shaped wood in volume, together accounting for 65.3% of total imports.

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

Greece's imports of coniferous shaped wood fell for the second year in a row. In 2020, imports amounted to 4,710 thousand US dollars, reflecting a substantial decrease of 13.3% compared to 2019. Over the 2017-2020 period, imports declined by 18.1%, with a compound annual growth rate of -6.4%. The highest import value was in 2018 at 6,602 thousand US dollars, marking a 14.8% increase from 2017. The largest decline occurred in 2019, with a drop of 17.7%.

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

Throughout 2017-2020, Finland, Russia, and Estonia remained the leading sources for Greece's imports of coniferous shaped wood in value terms. Finland accounted for 36.3% of import value, Russia for 16.2%, and Estonia for 13.8%. Together, these three countries represented 66.3% 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