Particle board of wood market in Greece

Earlier Report Observations

The Greek particle board market contracted from $65.5 million in 2018 to $60.7 million in 2020. This decline was primarily due to the COVID-19 pandemic, which triggered lockdowns that reduced demand from the construction sector and disrupted global supply chains for materials in 2020.

A strong recovery and expansion phase followed, with the market size surging to $107.6 million by 2023. This growth was driven by increased consumer and industrial demand for environmentally friendly E0 particle boards, new investments in manufacturing capacity, and a rising consumption from the furniture industry. Technological advancements that improved production efficiency and reduced costs, alongside the growing trend of modular flat-pack furniture boosting demand for pre-laminated boards, further supported the market's rise.

In 2024, the market size corrected to $101.0 million, easing from the peak reached the previous year.

Production particle board of wood in Greece

In value, 2017-2020, K $ US

Greece's particle board of wood production declined for the second consecutive year. In 2020, output was valued at 27 823 K $ US, marking a substantial decline of 15.5% compared to the previous year. Over the period from 2017 to 2020, production decreased by 22.4%, with a compound annual growth rate of 8.1%. The maximum value was recorded in 2018 at 35 932 K $ US, while the largest increase occurred in 2018 at 0.2%.

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

In kind, 2017-2020, K m³

Top producers of particle board of wood, 2017-2020

World map of production of particle board of wood, 2017-2020

Greece's particle board of wood production volume declined for the second consecutive year. In 2020, 170.2 K m³ were produced, indicating a decline of 16.9% compared to the previous year. Between 2017 and 2020, production increased by 21.8%, equating to an annualized rate of 6.8%. The maximum volume was recorded in 2018 at 208.6 K m³, with the largest increase also occurring in 2018 at 49.3%.

Annual dynamics of production in Greece in kind, 2017-2020, K m³

Exports particle board of wood from Greece

Exports in kind, K m³

The market showed signs of volatility over the observed period. Exports reached their lowest point in 2017 and peaked in 2019, with a 2.2-fold difference between these years. In 2020, particle board of wood shipments from Greece amounted to 71 K m³, which is 32.6% less compared to the previous year. The maximum value was recorded in 2019 at 106 K m³, while the largest increase occurred in 2018 at 80.0%.

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

From 2017 to 2020, Bulgaria, Cyprus, and Armenia formed the main group of destinations for Greece's particle board of wood exports in kind. Bulgaria accounted for 43.5% of exports, Cyprus for 16.0%, and Armenia for 11.7%, with their combined share reaching 71.2% 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

Particle board of wood exports from Greece declined for the second consecutive year. In 2020, exports reached 6 856 K $ US, down by 23.1% compared to the previous year. Between 2017 and 2020, exports decreased by 13.8%, equating to an annualized rate of 4.8%. The maximum value was recorded in 2018 at 9 670 K $ US, with the largest increase also occurring in 2018 at 21.6%.

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

Throughout 2017 to 2020, Cyprus, Lebanon, and Bulgaria played the leading roles in Greece's particle board of wood exports in value terms. Cyprus accounted for 21.4% of exports, Lebanon for 17.0%, and Bulgaria for 16.9%, jointly representing 55.3% 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 particle board of wood to Greece

Imports in kind, K m³

In 2020, Greece's volume of particle board of wood imports totalled 4 215 K m³, equivalent to a slight gain of 1.5% versus the previous year. Between 2017 and 2020, imports decreased by 64%, equating to an annualized rate of 28.9%. The minimum value was recorded in 2019 at 4 151 K m³, while the maximum value was recorded in 2018 at 11 739 K m³. The largest decline occurred in 2019 at 64.6%.

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

From 2017 to 2020, Bulgaria was the almost exclusive supplier of particle board of wood to Greece, accounting for 94.6% of total imports in kind.

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, particle board of wood deliveries to Greece stood at 39 782 K $ US, showing an increase of 3.7% compared to the previous year. Between 2017 and 2020, imports increased by 26.7%, equating to an annualized rate of 8.2%. The largest decline was recorded in 2019 at 2.2%, while the largest increase occurred in 2018 at 24.8%.

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

From 2017 to 2020, Bulgaria, Romania, and Turkey led the structure of Greece's particle board of wood imports in value terms. Bulgaria accounted for 49.6% of imports, Romania for 23.6%, and Turkey for 10.9%, together representing 84.0% of total flows.

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

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