Continuously shaped wood market in Greece

Earlier Report Observations

The market for continuously shaped wood in Greece contracted from $13.4 million in 2018 to $11.8 million in 2019, then stabilized at $11.9 million in 2020. A sharp turnaround occurred in 2021, with the market value jumping to $18.6 million, driven by a surge in imports. This higher level was maintained through 2024, with values fluctuating between $18.6 million and $19.2 million.

In the latter part of the period, particularly in 2023, the market was influenced by broader European trends including a growing consumer preference for eco-friendly and sustainable materials in parquet flooring, the launch of innovative technologies such as hardened parquet with Woodura for enhanced durability, and significant investments in research and development for smart flooring solutions. These factors supported demand for wood-based products and contributed to market stability.

Production continuously shaped wood in Greece

In value, 2017-2020, K $ US

Greece's continuously shaped wood production declined for the second consecutive year. In 2020, output was valued at 1 907 thousand US dollars, down 23.7% from the previous year. Between 2018 and 2020, production fell by 31.2%, equivalent to an annualized decline of 11.7%.

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

In kind, 2017-2020, t

In 2020, Greece produced 4 709 tonnes of continuously shaped wood, marking a sharp increase of 39.2% compared to 2019. Over the 2018-2020 period, production grew by 30%, with a compound annual growth rate of 9.1%. The lowest output was recorded in 2019 at 3 383 tonnes, which also saw the largest decline of 6.6%.

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

Exports continuously shaped wood from Greece

Exports in kind, m³

Continuously shaped wood exports from Greece declined for the second consecutive year. In 2020, exports amounted to 1 727 cubic meters, reflecting a significant reduction of 18.3% from the previous year. Between 2017 and 2020, exports increased by 3.8%, equivalent to an annualized growth rate of 1.2%. The peak was reached in 2018 at 2 276 cubic meters, which also recorded the largest increase of 36.8%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, m³

From 2017 to 2020, Albania, Vietnam, and Cyprus were the main markets for Greece's continuously shaped wood exports in volume terms. Albania accounted for 58.4% of exports, Vietnam for 14.6%, and Cyprus for 5.4%, together making up 78.4% of total flows.

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

Greece's continuously shaped wood exports declined for the second consecutive year. In 2020, export value totaled 1 351 thousand US dollars, down 20.5% from the previous year. Between 2017 and 2020, exports decreased by 2.3%, equivalent to an annualized decline of 0.8%. The highest value was recorded in 2018 at 1 812 thousand US dollars, which also saw the largest increase of 31.0%.

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

From 2017 to 2020, Albania, Cyprus, and Vietnam were the key partners for Greece's continuously shaped wood exports in value terms. Albania accounted for 41.8% of exports, Cyprus for 17.9%, and Vietnam for 9.4%, together representing 69.0% of total 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 continuously shaped wood to Greece

Imports in kind, m³

Continuously shaped wood imports to Greece declined for the second consecutive year. In 2020, Greece imported approximately 16 335 cubic meters, equivalent to a 20.6% decrease year-over-year. Over the 2017-2020 period, imports fell by 9%, with a compound annual decline rate of 3.1%. The peak was reached in 2018 at 22 780 cubic meters, which also recorded the largest increase of 27.0%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, m³

From 2017 to 2020, Finland, Bulgaria, and Russia were the primary suppliers of continuously shaped wood to Greece in volume terms. Finland accounted for 20.4% of imports, Bulgaria for 17.6%, and Russia for 12.2%, together making up 50.1% 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

In 2020, Greece imported 11 294 thousand US dollars worth of continuously shaped wood, up 3.1% from the previous year. Over the 2017-2020 period, imports increased by 10.6%, with a compound annual growth rate of 3.4%. The highest value was recorded in 2018 at 12 473 thousand US dollars, which also saw the largest increase of 22.1%. The largest decline occurred in 2019 at 12.2%.

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

From 2017 to 2020, the country structure of Greece's continuously shaped wood imports in value terms was highly diversified. Finland accounted for 18.7% of imports, Russia for 8.5%, and Estonia for 8.3%, together representing only 35.5% of total flows. The remaining 64.5% consisted of a long tail of smaller markets.

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

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