From 2013 to 2023, the production of water collection, treatment, and supply in Greece experienced significant fluctuations. The sector saw a substantial decline from 2014 to 2015, followed by minor variations until a dramatic drop in 2020 due to COVID-19 impacts. A recovery phase began in 2021, but growth stalled, resulting in minor year-on-year declines in 2022 and 2023. In 2023, the value stood at 1.07 Billion Euros. The CAGR over the last five years was -0.5%, indicating a slight downward trend.
Forecasts from 2024 to 2028 predict a steady, albeit slight, decline with a five-year CAGR of -0.55% and a forecasted overall growth rate of -2.7% by 2028. This suggests a continued modest decrease forecasted in production volume.
Future trends to watch for:
- The impact of climate change on water resources and the necessity for advanced treatment technologies
- Government policies and investment in sustainable water infrastructure
- Potential advancements in water recycling and desalination processes
- Economic factors and population growth affecting water demand and production capabilities