Plastic sacks and bags market in Greece

Earlier Report Observations

From 2018 to 2020, the physical volume of the plastic sacks and bags market in Greece showed mixed movements. Market size increased from 90 840 t in 2018 to 93 285 t in 2019, before declining to 84 617 t in 2020. This final drop coincided with a reduction in domestic production, which fell from 70 624 t to 66 217 t over the three-year period, and a notable rise in exports to 10 787 t in 2020. In value terms, the market remained relatively stable, moving from $231.4 million to $228.3 million.

Following 2020, import trends became a dominant feature. Import volumes grew consistently each year, rising from 29 188 t in 2020 to 43 471 t by 2024. Export volumes also increased overall from their 2020 level, reaching a peak of 12 278 t in 2023 before easing to 9 030 t in 2024.

Production plastic sacks and bags in Greece

In value, 2017-2020, M $ US

After two years of decline, Greece's production of plastic sacks and bags increased in value terms. In 2020, output reached 180.0 million US dollars, marking a 1.7% increase compared to 2019. However, over the broader period from 2017 to 2020, production fell by 23.2%, which translates to an average annual decline of 8.4%. The lowest value was recorded in 2019 at 177.1 million US dollars, while the sharpest drop occurred in 2018 with a 21.6% decrease.

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

In kind, 2017-2020, t

Plastic sacks and bags production in Greece declined for the third consecutive year in volume terms. In 2020, output stood at 66 217 tonnes, showing little to no change from the previous year. From 2017 to 2020, production decreased by 20.9%, with a compound annual growth rate (CAGR) of -7.5%.

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

Exports plastic sacks and bags from Greece

Exports in kind, t

The market exhibited volatility during the observed period. Exports bottomed in 2019 at 6 098 tonnes and peaked in 2020 at 10 787 tonnes, representing a 1.8-fold difference. In 2020, exports surged by 76.9% compared to the prior year. The largest decline was recorded in 2019, with a 14.1% drop.

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

From 2017 to 2020, Italy, Bulgaria, and Cyprus were the primary markets for Greece's plastic sacks and bags exports in volume terms. Italy accounted for 17.7% of exports, Bulgaria for 17.2%, and Cyprus for 15.3%. Together, these three countries represented 50.2% of total export 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

In 2020, Greece exported plastic sacks and bags worth 22 083 thousand US dollars, reflecting a notable 15.7% increase from the previous year. Over the period from 2017 to 2020, exports grew by 5.6%, with an average annual rate of 1.8%. The minimum value was recorded in 2019 at 19 091 thousand US dollars, while the maximum occurred in 2018 at 22 849 thousand US dollars. The largest decline was in 2019, with a 16.4% decrease.

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

Between 2017 and 2020, Bulgaria, Cyprus, and the United Kingdom played significant but not dominant roles as buyers of Greek plastic sacks and bags in value terms. Bulgaria accounted for 16.5% of exports, Cyprus for 14.5%, and the United Kingdom for 8.9%. Their combined share reached 39.9% of total export value.

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

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

Imports plastic sacks and bags to Greece

Imports in kind, t

After two years of growth, plastic sacks and bags imports into Greece declined in volume terms. In 2020, imports totaled 29 188 tonnes, down 11.3% from the previous year. However, over the 2017-2020 period, imports increased by 12.7%, with a CAGR of 4.1%. The highest value was recorded in 2019 at 32 899 tonnes, and the largest increase occurred in 2019 with a 20.4% rise.

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

From 2017 to 2020, imports of plastic sacks and bags to Greece in volume terms were not heavily concentrated among a few key suppliers. Turkey accounted for 16.0% of imports, Germany for 15.8%, and China for 12.9%. Together, these three countries made up 44.6% of total import 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

Following two years of growth, foreign supplies of plastic sacks and bags to Greece declined in value terms. In 2020, imports reached 70 332 thousand US dollars, a 1.7% decrease compared to 2019. Over the 2017-2020 period, imports rose by 12.4%, with a CAGR of 4.0%. The maximum value was recorded in 2019 at 71 525 thousand US dollars, and the largest increase occurred in 2018 with a 12.9% gain.

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

Between 2017 and 2020, the supplier portfolio for plastic sacks and bags to Greece was diverse. Germany accounted for 16.4% of imports in value terms, Turkey for 15.0%, and China for 13.4%. These three countries together contributed 44.7% of total import value, while numerous other countries held smaller but notable shares.

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

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