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Greece’s worse economic conditions over the past five years would continue to show adverse affect on its mining industry. However, the economy is expected to recover during the end of forecast period and mining industry is expected to reap the positive benefits of restoring economy by that time.
Greece is one of the leading producers of bentonite and perlite in the world. Other key minerals in country include bauxite, nickel and gold.
The Greek mining production volume of (coal, nickel, bauxite, perlite and bentonite) is expected to declining by 3.2% in 2012 over the last year. The mining production volume registered a compound annual growth rate (CAGR) of -6.62% during the review period (2007–2011), and is projected to grow at a CAGR of 2.52% over the forecast period (2012–2016). The decline in production volume is mainly due to the recession that has affected the country during the review period.
The production of coal and bauxite declined during 2010−2011, and this decline is expected to continue in 2012. However, the production of nickel, perlite and bentonite registered a positive growth during the same period, and is projected to continue growing over the forecast period.
Coal production volume registered a CAGR of -7.15% during the review period, and is projected to grow at a CAGR of 1.14% over the forecast period. Coal is primarily used for power generation in Greece, and the demand for power declined as the country’s industrial activity slowed due to the poor economic conditions in Greece.
Key highlights of this title
- According to the OECD, the Greek economy is expected to contract by 5.3% in 2012 and by 1.3% in 2013. The poor economic conditions in the country are expected to have an adverse affect on the mining industry.
- Mining production output is projected to fall further until the second half of 2013, when the rate of fiscal consolidation is likely to slightly ease, the impact of structural reforms to enhance competitiveness and encourage investment starts to be noticed, and international demand for minerals strengthens. As a result, the Greek mining industry will only start recovering from the second half of 2013 onwards.
- The Greek mining industry growth has traditionally been driven by exports, and this tradition is expected to continue over the forecast period.
- Greece is the largest producer of perlite in the world, and a significant part of the country’s perlite production is exported.
- Coal production volume registered a CAGR of -7.15% during the review period, and is projected to grow at a CAGR of 1.14% over the forecast period
- The Greek perlite mining sub-category is concentrated, as S&B Industrial Minerals SA dominates the country’s perlite production.
This report provides a comprehensive analysis of the Greek mining industry:
- It provides historical values for the Greek mining industry for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of production, consumption, imports and exports of key minerals in terms of volume as well as value
- It details the regulatory framework for the mining industry in Greece
- It covers an exhaustive summary on key trends, drivers and issues affecting the mining industry
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in mining industry of Greece
- The scope of this report is primarily confined to coal, two major metallic (nickel and bauxite) and two non-metallic minerals (perlite and bentonite) which constitute a major part of the country’s total mining industry.
Reasons to Purchase
- Make strategic business decisions using top-level historic and forecast market data related to Greece mining industry
- Identify the key market trends, opportunities and challenges
- Assess industry structure and competitive landscape for key minerals, enabling the formulation of effective market-entry strategies
- Assess the growth opportunities and industry dynamics by knowing production, consumption, imports and exports figures for key minerals both in terms of volume and value
More information available at: http://bricdata.com/research/report/MN0043MR/