Printed labels of paper or paperboard market in Greece

Earlier Report Observations

The market for printed labels in Greece expanded substantially from 2018 to 2024, with volume growing by over 50% from 16 271 tonnes to 24 416 tonnes. This growth was not linear, featuring a strong increase in 2019, followed by stabilization in 2020, renewed growth through 2021 and 2022, a contraction in 2023, and a recovery in 2024.

In value terms, the market demonstrated even stronger growth, rising by 58% to reach 103 million US dollars. Notably, in 2023, while physical volume declined by 7%, market value increased by nearly 11%, indicating a shift towards higher-value products or increased prices within the segment.

Production printed labels of paper or paperboard in Greece

In value, 2017-2020, K $ US

Greece's production of printed labels made from paper or paperboard has grown for the third year in a row. In 2020, output reached 64 393 thousand US dollars, marking a 10.6% increase compared to the previous year. From 2017 to 2020, production rose by 29.6%, with an average annual growth rate of 9.0%.

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

In kind, 2017-2020, t

Greece's production volume of printed labels made from paper or paperboard has increased for the third consecutive year. In 2020, 18 189 tonnes were produced, showing a modest rise of 8.4% over the past year. Between 2017 and 2020, production grew by 33.6%, with an average annual growth rate of 10.1%.

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

Exports printed labels of paper or paperboard from Greece

Exports in kind, t

The market exhibited volatility during this period. Exports were at their lowest in 2017 and peaked in 2018, with a 1.8-fold difference between these years. In 2020, Greece exported 712 tonnes of printed labels made from paper or paperboard, down 11.1% from 2019. The highest volume was recorded in 2018 at 1 167 tonnes. The largest decline occurred in 2019, falling by 31.4%, while the largest increase was in 2018, rising by 83.8%.

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

From 2017 to 2020, the main destinations for Greece's exports in volume terms were Bulgaria, accounting for 43.3% of exports, Russia with 10.7%, and Romania at 9.0%. Together, these three countries represented 63.0% 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

Greece's exports of printed labels made from paper or paperboard have declined for the second consecutive year. In 2020, exports were valued at 5 615 thousand US dollars, indicating a slight decrease of 4.9% year-over-year. Over the period from 2017 to 2020, exports increased by 16.6%, with an average annual growth rate of 5.2%. The highest value was recorded in 2018 at 6 284 thousand US dollars. The largest decline occurred in 2019, dropping by 6.0%, while the largest increase was in 2018, rising by 30.5%.

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

Between 2017 and 2020, the primary markets for Greece's exports in value terms were Bulgaria, representing 40.0% of exports, Russia with 11.9%, and Romania at 9.8%. Collectively, these three countries accounted for 61.7% of total export 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 printed labels of paper or paperboard to Greece

Imports in kind, t

In 2020, Greece imported 1 444 tonnes of printed labels made from paper or paperboard, a decrease of 49.2% compared to the previous year. From 2017 to 2020, imports fell by 32.4%, equivalent to an annualized decline of 12.2%. The highest volume was recorded in 2019 at 2 842 tonnes. The largest increase occurred in 2019, rising by 40.9%.

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

Between 2017 and 2020, imports of printed labels made from paper or paperboard to Greece were widely distributed across partner countries. Belgium accounted for 15.6% of imports, Germany for 11.4%, and Poland for 9.2%. Together, these three countries represented only 36.3% 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

In 2020, Greece's imports of printed labels made from paper or paperboard totalled 17 392 thousand US dollars, representing a 1.4% decrease year-over-year. The lowest value was recorded in 2018 at 16 205 thousand US dollars, while the highest was in 2019 at 17 647 thousand US dollars. The largest decline occurred in 2018, falling by 5.7%, and the largest increase was in 2019, rising by 8.9%.

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

During 2017 to 2020, imports of printed labels made from paper or paperboard to Greece in value terms were spread across numerous markets. The United Kingdom accounted for 19.4% of imports, Germany for 14.5%, and Poland for 13.4%. Together, these three countries represented only 47.3% of total import flows.

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

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