Reinforced flexible tubes and hoses market in Greece

Earlier Report Observations

In 2018, domestic production of plastic tubes increased by 4%, contributing to a market volume of 12.6 thousand tons. However, in 2019, the announcement of the EU's Single-Use Plastics Directive (SUP) created regulatory uncertainty, leading to a contraction in market volume to 12.1 thousand tons. During this period, major players like Interplast and Palaplast announced new investments in production capacity.

The COVID-19 pandemic in 2020 caused disruptions in large public projects, yet the market volume grew to 14.1 thousand tons. The following year, an energy crisis and rising raw material costs reduced consumption by 1.9%, resulting in a slight market decline to 14.0 thousand tons. The full implementation of SUP trade and marking restrictions from July 2021 further influenced market conditions.

From 2022 onwards, investments in photovoltaic systems lowered energy costs for producers, supporting market recovery. In 2023, falling raw material prices reduced average selling prices, while Interplast launched a new product for underfloor heating, stimulating demand. By 2024, new legislative proposals for industry funding and renewable energy subsidies helped drive market volume to 17.8 thousand tons.

Production reinforced flexible tubes and hoses in Greece

In value, 2017-2020, K $ US

In 2020, Greece's production of reinforced flexible tubes and hoses reached a value of 22 205 thousand US dollars, marking a 20.2% increase from 2019. Over the period from 2017 to 2020, production grew by 67.3%, with an average annual growth rate of 18.7%. The largest decline occurred in 2019, at 9.9%, while the most significant increase was in 2018, at 54.5%.

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

In kind, 2017-2020, t

In 2020, Greece produced 11 951 tonnes of reinforced flexible tubes and hoses, representing an 18.3% rise compared to 2019. From 2017 to 2020, production expanded by 66.1%, with a compound annual growth rate of 18.4%. The largest decrease was recorded in 2019, at 5.2%, and the biggest increase was in 2018, at 48.0%.

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

Exports reinforced flexible tubes and hoses from Greece

Exports in kind, t

Exports of reinforced flexible tubes and hoses from Greece grew for the second consecutive year. In 2020, the country exported 914 tonnes, which is 54.9% higher than the previous year. Between 2017 and 2020, exports increased by 69.5%, translating to an annualized growth rate of 19.2%. The lowest volume was in 2018, at 470 tonnes, with the largest decline that year at 12.9%.

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

From 2017 to 2020, the top destinations for Greece's exports of reinforced flexible tubes and hoses in volume terms were Serbia, accounting for 24.9% of exports, Bulgaria at 24.6%, and Albania at 21.0%. Together, these three countries made up 70.5% 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

Exports of reinforced flexible tubes and hoses from Greece rose for the third year in a row. In 2020, export value amounted to 2 334 thousand US dollars, a 29.3% increase from the previous year. Between 2017 and 2020, exports grew by 74.3%, with an annualized rate of 20.3%.

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

During 2017–2020, Serbia, Bulgaria, and Albania were the leading markets for Greece's exports in value terms. Serbia accounted for 29.0% of exports, Bulgaria for 20.8%, and Albania for 11.5%, collectively representing 61.4% 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 reinforced flexible tubes and hoses to Greece

Imports in kind, t

Imports of reinforced flexible tubes and hoses into Greece increased for the second consecutive year. In 2020, import volume reached 3 056 tonnes, up 16.9% from the previous year. From 2017 to 2020, imports grew by 13.2%, with an annualized rate of 4.2%. The lowest volume was in 2018, at 2 408 tonnes, and the largest decline that year was 10.8%.

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

From 2017 to 2020, Italy, Turkey, and Germany were the primary sources for Greece's imports of reinforced flexible tubes and hoses in volume terms. Italy contributed 36.8% of imports, Turkey 14.4%, and Germany 13.0%, together accounting for 64.2% 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 reinforced flexible tubes and hoses totaled 12 725 thousand US dollars, a 14.3% increase from 2019. Between 2017 and 2020, imports rose by 14.2%, with an annualized growth rate of 4.5%. The lowest value was in 2019, at 11 137 thousand US dollars, and the largest decline that year was 1.8%.

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

From 2017 to 2020, Italy, Germany, and Turkey were the main sources for Greece's imports in value terms. Italy accounted for 39.1% of imports, Germany for 14.6%, and Turkey for 9.0%, together making up 62.7% 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