Wooden pallets, box pallets, load boards and pallet collars market in Greece

Earlier Report Observations

The market for wooden pallets in Greece showed a decline in physical terms from 4.6 million units in 2018 to 4.5 million units in 2019, followed by a recovery to 5.1 million units in 2020. In value terms, the market contracted from $34.2 million to $33.0 million over 2018-2019, then expanded sharply to $40.1 million in 2020. This value growth was driven by a rise in production value to $17.8 million in 2020, even as unit production increased only modestly.

Imports and exports of wooden pallets continued to grow after 2020. Import volumes increased from 3.7 million units in 2020 to 5.4 million units in 2024, while import value rose from $27.5 million to $61.4 million. Export volumes expanded from 0.7 million units to 1.3 million units, and export value climbed from $5.1 million to $14.3 million. This growth in trade suggests an active market for wooden pallets in Greece.

Production wooden pallets and load boards in Greece

In value, 2017-2020, K $ US

Greece's production of wooden pallets, box pallets, load boards, and pallet collars has increased for the second consecutive year. In 2020, the output was valued at 17 754 K $ US, marking a significant 34.6% rise compared to 2019. Over the period from 2018 to 2020, production grew by 36.1%, with a compound annual growth rate (CAGR) of 10.8%.

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

In kind, 2017-2020, K unit

In 2020, Greece produced 2 082 K units of wooden pallets, box pallets, load boards, and pallet collars, showing a strong 10.7% increase from the previous year. Over the 2018-2020 period, production rose by 4.7%, with a CAGR of 1.5%. The lowest production level was in 2019 at 1 881 K units, which also saw the largest decline of 5.4%.

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

Exports wooden pallets and load boards from Greece

Exports in kind, K unit

After a two-year decline, exports of wooden pallets, box pallets, load boards, and pallet collars from Greece have rebounded. In 2020, exports reached 685 K units, up 5.4% from 2019. However, between 2017 and 2020, exports decreased by 10.4%, averaging an annual decline of 3.6%. The lowest export volume was recorded in 2019 at 650 K units, which experienced the largest drop of 13.2%.

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

From 2017 to 2020, Italy, Bulgaria, and Cyprus were the key destinations for Greece's exports in kind. Italy accounted for 26.1% of exports, Bulgaria for 17.2%, and Cyprus for 14.0%, together making up 57.2% 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 5 119 K $ US worth of wooden pallets, box pallets, load boards, and pallet collars, a 5.3% increase from the previous year. Over the 2017-2020 period, exports decreased by 5.3%, with a CAGR of -1.8%. The lowest value was in 2019 at 4 860 K $ US, while the highest was in 2018 at 5 877 K $ US. The largest decline occurred in 2019 at 17.3%, and the largest increase was in 2018 at 8.7%.

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

Between 2017 and 2020, Italy, Bulgaria, and Cyprus were the top markets for Greece's exports in value terms, collectively absorbing 57.0% of total export value for wooden pallets, box pallets, load boards, and pallet collars.

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

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

Imports wooden pallets and load boards to Greece

Imports in kind, K unit

In 2020, Greece's imports of wooden pallets, box pallets, load boards, and pallet collars totaled 3 749 K units, a 14.7% increase from 2019. Over the 2017-2020 period, imports grew by 24%, with a CAGR of 7.4%. The largest decline was recorded in 2019 at 2.2%.

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

From 2017 to 2020, Bulgaria, Albania, and Italy were the main sources for Greece's imports in kind. Bulgaria accounted for 59.6% of imports, Albania for 7.3%, and Italy for 6.9%, together representing 73.8% 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 imported 27 499 K $ US worth of wooden pallets, box pallets, load boards, and pallet collars, a robust 11.6% increase compared to 2019. Between 2017 and 2020, imports rose by 14.1%, averaging an annual growth rate of 4.5%. The largest decline was in 2019 at 9.0%, while the largest increase was in 2018 at 12.3%.

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

During 2017-2020, Bulgaria, Albania, and Italy were the principal sources for Greece's imports in value terms. Bulgaria made up 59.4% of imports, Albania 7.3%, and Italy 6.9%, jointly accounting for 73.5% 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