Envelopes market in Greece

Earlier Report Observations

From 2018 to 2021, the envelope market in Greece showed considerable volatility. Market volume increased to 4 829 t in 2019, a rise supported by ownership restructuring in the paper industry, such as the acquisition of PAKO by UNIPAK Hellas, and the expansion of market share by companies like Glaros. A sharp drop to 2 783 t occurred in 2020, followed by a recovery to 3 262 t in 2021, which coincided with rising turnover at major firms including Endless EC and Glaros, both investing in research and new product development.

After 2021, full market volume data is not reported, but envelope imports fluctuated, reaching 1 556 t in 2022 before declining. During these years, the local paper sector was shaped by significant investments, notably Intertrade Hellas' new jumbo roll production plant that enhanced domestic paper manufacturing capacity—a key input for envelopes. Global paper shortages and supply chain disruptions, coupled with tighter forest legislation affecting raw material availability, further influenced trade flows.

Production envelopes in Greece

In value, 2017-2020, K $ US

In 2020, the output of envelopes in Greece was valued at 4 008 thousand US dollars, marking a decrease of 21.6% compared to 2019. Over the period from 2017 to 2020, production fell by 25.5%, which translates to an annualized decline rate of 9.3%. The largest increase occurred in 2019, with a growth of 1.8%.

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

In kind, 2017-2020, t

In 2020, Greece produced 1 531 tonnes of envelopes, representing a year-over-year decline of 23.4%. From 2017 to 2020, production decreased by 25.4%, equating to an annualized rate of 9.3%. The most significant increase was recorded in 2019, at 7.7%.

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

Exports envelopes from Greece

Exports in kind, t

The data shows irregular changes, pointing to a volatile market environment. Export volumes reached their minimum in 2018 at 20 tonnes and peaked in 2019 at 61 tonnes, with a top-to-bottom ratio of 3.1 times. In 2020, cross-border shipments of envelopes from Greece amounted to 21 tonnes, down by 65.8% compared to the previous year. The largest increase was recorded in 2019, at 210.5%.

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

From 2017 to 2020, Albania, Bulgaria, and Cyprus consistently held the leading positions in the country structure of exports in kind, accounting for 31.0%, 30.1%, and 22.7% of exports, respectively. Together, they represented 83.7% 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 throughout the timeframe. The minimum value was recorded in 2020 at 80 thousand US dollars, while the maximum was in 2019 at 203 thousand US dollars, resulting in a 2.5-fold variation. In 2020, envelope exports from Greece totaled 80 thousand US dollars, indicating a steep year-over-year decline of 60.5%. The largest increase occurred in 2019, at 89.5%.

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

During 2017–2020, Cyprus, Bulgaria, and Albania were the main markets for exports in value terms, accounting for 32.4%, 26.1%, and 24.5% of exports, respectively. Together, they made up 83.0% 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 envelopes to Greece

Imports in kind, t

In 2020, Greece imported 1 272 tonnes of envelopes, down by 56.0% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 59.8%, with a compound annual growth rate (CAGR) of -26.2%. The largest increase was recorded in 2019, at 5.5%.

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

Throughout 2017–2020, Romania, Poland, and Turkey formed the core group of markets for imports in kind, representing 51.7%, 13.2%, and 11.2% of imports, respectively. Together, they accounted for 76.2% of total flows.

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, envelope imports to Greece amounted to 2 341 thousand US dollars, showing a fall of 54.3% versus the previous year. From 2017 to 2020, imports decreased by 50.1%, with a compound annual growth rate (CAGR) of -20.7%. The maximum value was recorded in 2019 at 5 127 thousand US dollars, and the largest increase occurred in the same year, at 13.9%.

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

Over 2017–2020, Romania, Turkey, and Slovakia were the main directions for imports in value terms, absorbing 47.1%, 12.2%, and 9.2% of imports, respectively. Together, they accounted for 68.5% of total imports of envelopes to Greece.

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

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