Greece: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in Greece

The Greek aluminium alloy wire market surged to $X in 2022, growing by 42% 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). Over the period under review, consumption saw a buoyant expansion. Aluminium alloy wire consumption peaked in 2022 and is expected to retain growth in the immediate term.

Aluminium Alloy Wire Exports

Exports from Greece

In 2022, approx. X kg of aluminium alloy wire were exported from Greece; falling by -54.7% against the year before. Overall, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium alloy wire exports contracted markedly to $X in 2022. In general, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2019 with an increase of 85% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg), Slovakia (X kg) and Bulgaria (X kg) were the main destinations of aluminium alloy wire exports from Greece, together accounting for 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +79.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for aluminium alloy wire exported from Greece were Slovakia ($X), the Netherlands ($X) and Bulgaria ($X), with a combined 98% share of total exports.

The Netherlands, with a CAGR of +48.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average aluminium alloy wire export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 26% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Wire Imports

Imports into Greece

In 2022, overseas purchases of aluminium alloy wire increased by 20% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a moderate increase. The pace of growth was the most pronounced in 2015 with an increase of 456% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, aluminium alloy wire imports surged to $X in 2022. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 262% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The UK (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of aluminium alloy wire imports to Greece, with a combined 86% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy wire suppliers to Greece were the UK ($X), Spain ($X) and the Netherlands ($X), together accounting for 85% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +22.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium alloy wire import price amounted to $X per ton, picking up by 25% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium alloy wire import price increased by +71.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 45%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bahrain ($X per ton) and Italy ($X per ton), while the price for Spain ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform