Vulcanised rubber articles market in Greece

Earlier Report Observations

The market size for vulcanised rubber articles in Greece, measured in value terms, grew from $48.5 million in 2022 to $57.0 million in 2024. This increase was accompanied by a rise in domestic production, which reached $22.2 million in 2024 after starting at $18.8 million in 2022.

Trade flows showed considerable volatility over the 2018-2024 period. Imports surged from $40.4 million in 2021 to a peak of $77.7 million in 2023 before moderating to $66.6 million in 2024. Exports followed a similar pattern, jumping to $49.0 million in 2023 from $14.1 million in 2021, then falling back to $31.8 million in 2024. These shifts in international trade contributed to the changes in overall market volume.

Production vulcanised rubber articles in Greece

According to Faostat, there is no production of vulcanised rubber articles in Greece.

Exports vulcanised rubber articles from Greece

Exports in kind, t

Greek exports of vulcanised rubber articles declined for the second year in a row. In 2019, exports fell by 7.4%, followed by a further 1.8% decrease in 2020, when they reached 5 789 tonnes. The highest export volume was recorded in 2018 at 6 360 tonnes, which represented a 16.5% increase from the previous year. Overall, between 2017 and 2020, exports grew by 6.1%, averaging an annual growth rate of 2.0%.

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

From 2017 to 2020, the largest buyers of Greek vulcanised rubber articles by volume were Romania, accounting for 17.9% of exports, Bulgaria with 14.7%, and Cyprus at 10.0%. Together, these three countries made up 42.6% of total exports, indicating a relatively diversified partner base with no single destination dominating the trade.

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

After two years of growth, the value of Greece's vulcanised rubber articles exports declined. In 2019, exports increased by 8.4% to reach 15 663 thousand US dollars, but then fell by 14.5% in 2020 to 13 387 thousand US dollars. Over the period from 2017 to 2020, exports decreased by 6.3%, with an average annual decline of 2.2%.

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

Between 2017 and 2020, Greek exports of vulcanised rubber articles in value terms were not heavily concentrated. Spain was the top destination with 17.9% of exports, followed by Germany at 11.3% and Bulgaria with 10.9%. Combined, these three countries accounted for 40.1% of total export value, reflecting a broad distribution across multiple markets.

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

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

Imports vulcanised rubber articles to Greece

Imports in kind, t

Following two years of growth, Greece's imports of vulcanised rubber articles by volume declined. In 2018, imports rose by 14.8%, reaching a peak of 5 375 tonnes in 2019, but then dropped by 12.7% in 2020 to 4 690 tonnes. Overall, from 2017 to 2020, imports increased by 10.8%, with an average annual growth rate of 3.5%.

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

From 2017 to 2020, China was the leading source for Greece's vulcanised rubber articles imports by volume, accounting for 27.1% of the total. Germany followed with 13.0%, and Italy with 11.2%. Together, these three countries supplied 51.4% of Greece's imports, highlighting a significant reliance on these key partners.

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

Greece's imports of vulcanised rubber articles in value terms showed strong growth. In 2018, imports surged by 21.8%, then fell by 8.5% in 2019, before rebounding with a 13.1% increase in 2020. Over the 2017-2020 period, imports rose by 26%, averaging an annual growth rate of 8.0%.

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

Between 2017 and 2020, Germany was the primary source for Greece's vulcanised rubber articles imports in value terms, representing 29.3% of the total. Italy accounted for 11.1%, and China for 10.7%. Collectively, these three countries made up 51.1% of import value, underscoring their importance in Greece's supply chain.

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

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