Greece: Aluminum Market 2025

Aluminum Market Size in Greece

The Greek aluminum market surged to $X in 2021, picking up by 40% against the previous year. In general, consumption continues to indicate a buoyant increase. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the near future.

Aluminum Production in Greece

In value terms, aluminum production reached $X in 2021 estimated in export price. In general, production showed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 404%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Aluminum Exports

Exports from Greece

In 2021, approx. X tons of aluminum were exported from Greece; approximately equating 2020. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 15%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, aluminum exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for aluminum exports from Greece, accounting for a 69% share of total exports. Moreover, aluminum exports to Italy exceeded the volume sent to the second major destination, Croatia (X tons), sixfold. Serbia (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+53.9% per year) and Serbia (+13.8% per year).

In value terms, Italy ($X) remains the key foreign market for aluminum exports from Greece, comprising 70% of total exports. The second position in the ranking was held by Croatia ($X), with an 11% share of total exports. It was followed by Serbia, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+59.3% per year) and Serbia (+16.8% per year).

Export Prices by Country

The average aluminum export price stood at $X per ton in 2021, surging by 48% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to Croatia ($X per ton) and Italy ($X per ton), while the average price for exports to Serbia ($X per ton) and Albania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminum Imports

Imports into Greece

In 2021, supplies from abroad of aluminum increased by 12% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 35%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, aluminum imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 62% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Russia (X tons), India (X tons) and Kazakhstan (X tons) were the main suppliers of aluminum imports to Greece, together comprising 57% of total imports. Canada, the United Arab Emirates, Mozambique, Turkey and Montenegro lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +216.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), India ($X) and Kazakhstan ($X) appeared to be the largest aluminum suppliers to Greece, with a combined 58% share of total imports. Canada, Mozambique, the United Arab Emirates, Turkey and Montenegro lagged somewhat behind, together comprising a further 33%.

Canada, with a CAGR of +230.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminum import price stood at $X per ton in 2021, increasing by 44% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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