Corrugated paper and paperboard market in Greece

Earlier Report Observations

The corrugated paper and paperboard market in Greece contracted from 21 437 t in 2018 to 17 330 t in 2020, a reduction of 19% over the two-year period.

This decline was driven by a sharp 24% fall in domestic production, which dropped from 30 359 t to 23 040 t. Imports, however, grew by 13% from 1 686 t to 1 901 t, while exports decreased by 28% from 10 607 t to 7 611 t.

After 2020, import volumes fluctuated, reaching 2 486 t in 2023, and exports rose to 8 801 t in 2024.

Production corrugated paper and paperboard in Greece

In value, 2017-2020, K $ US

Greece's production of corrugated paper and paperboard declined for the second year in a row. In 2020, output was valued at 14 256 thousand US dollars, marking a 12.2% drop from 2019. Over the period from 2017 to 2020, production fell by 21.8%, which translates to an average annual decline of 7.9%. The highest value was recorded in 2018 at 19 413 thousand US dollars. The largest decrease occurred in 2019, with a 16.4% fall, while the biggest increase was in 2018, at 6.5%.

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

In kind, 2017-2020, t

Greece's production volume of corrugated paper and paperboard fell for the second consecutive year. In 2020, 23 040 tonnes were produced, down 11.6% from the previous year. From 2017 to 2020, production decreased by 22.2%, with a compound annual growth rate of -8.0%. The peak was in 2018, with 30 359 tonnes. The steepest decline was in 2019, at 14.1%, and the largest increase was in 2018, at 2.5%.

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

Exports corrugated paper and paperboard from Greece

Exports in kind, t

The market showed significant volatility during these years. Exports varied by 1.9 times, with a low in 2017 and a high in 2018. In 2020, foreign supplies from Greece amounted to 7 611 tonnes, reflecting a sharp reduction of 21.4% compared to the prior year. The maximum value was recorded in 2018 at 10 607 tonnes, with the largest increase that year at 93.7%.

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

From 2017 to 2020, Bulgaria, North Macedonia, and Albania were the core destinations for Greece's exports in kind. Bulgaria accounted for 52.0% of exports, North Macedonia for 22.4%, and Albania for 22.3%, together making up 96.8% 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

The market displayed an unstable trend over this period. Exports fluctuated by 2 times, with a peak in 2018 and a trough in 2017. In 2020, exports reached 5 967 thousand US dollars, indicating a robust decline of 22.0% from 2019. The highest value was in 2018 at 8 269 thousand US dollars, with the largest increase that year at 104.9%.

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

Between 2017 and 2020, Bulgaria, North Macedonia, and Albania were the largest buyers of corrugated paper and paperboard from Greece in value terms. Bulgaria represented 51.6% of exports, North Macedonia 22.7%, and Albania 22.1%, collectively forming 96.3% of total exports.

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

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

Imports corrugated paper and paperboard to Greece

Imports in kind, t

Imports of corrugated paper and paperboard into Greece increased for the second year in a row. In 2020, imports totaled 1 901 tonnes, showing a modest rise of 3.0% from the previous year. However, from 2017 to 2020, imports decreased by 46.3%, equivalent to an average annual decline of 18.7%. The lowest value was in 2018 at 1 686 tonnes. The largest decrease occurred in 2018, with a 52.4% drop, while the biggest increase was in 2019, at 9.5%.

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

From 2017 to 2020, Bulgaria, Serbia, and Italy were the main suppliers of corrugated paper and paperboard to Greece in kind. Bulgaria contributed 34.4% of imports, Serbia 22.9%, and Italy 20.6%, jointly accounting for 78.0% 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 1 566 thousand US dollars worth of corrugated paper and paperboard, corresponding to a slight decrease of 2.9% from the previous year. Over the period from 2017 to 2020, imports fell by 29.3%, with an average annual decline of 10.9%. The minimum value was recorded in 2018 at 1 067 thousand US dollars. The largest decline was in 2018, at 51.8%, and the largest increase was in 2019, at 51.1%.

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

Between 2017 and 2020, Bulgaria, Italy, and Serbia led as suppliers of corrugated paper and paperboard to Greece in value terms. Bulgaria made up 31.3% of imports, Italy 29.7%, and Serbia 14.9%, together taking 75.9% of total imports.

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

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