Articles of Gut Market in Greece
Market Overview
In 
, after two years of growth, there was significant decline in the Greek articles of gut market, when its value decreased by -% to $. Overall, consumption faced a abrupt shrinkage. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
In value terms, articles of gut production totaled $ in estimated in export price. In general, production saw a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of %. Over the period under review, production reached the peak level at $ in 2009; however, from 2010 to , production stood at a somewhat lower figure.
, after two years of growth, there was significant decline in the Greek articles of gut market, when its value decreased by -% to $. Overall, consumption faced a abrupt shrinkage. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.In value terms, articles of gut production totaled $
in estimated in export price. In general, production saw a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of %. Over the period under review, production reached the peak level at $ in 2009; however, from 2010 to , production stood at a somewhat lower figure.Consumption
In , the amount of articles of gut, goldbeater’s skin, bladders or tendons consumed in Greece plummeted to tons, waning by -% against the year before. Overall, consumption showed a abrupt shrinkage. Articles of gut consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.
The revenue of the articles of gut market in Greece contracted dramatically to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt downturn. Articles of gut consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
, the amount of articles of gut, goldbeater’s skin, bladders or tendons consumed in Greece plummeted to tons, waning by -% against the year before. Overall, consumption showed a abrupt shrinkage. Articles of gut consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.The revenue of the articles of gut market in Greece contracted dramatically to $
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt downturn. Articles of gut consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for articles of gut in Greece, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to kg by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to kg by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Articles of gut market in Greece consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Greece relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Greece remains a net importer of articles of gut; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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