Greece: Iron Angle Market 2025

Iron Angle Market Size in Greece

The Greek iron angle market skyrocketed to $X in 2021, growing by 33% against the previous year. In general, consumption continues to indicate a significant increase. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Iron Angle Production in Greece

In value terms, iron angle production stood at $X in 2021 estimated in export price. Overall, production saw a abrupt decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by 23% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Iron Angle Exports

Exports from Greece

For the sixth year in a row, Greece recorded decline in shipments abroad of angles, shapes and sections (of iron or non-alloy steel), which decreased by -26.9% to X tons in 2021. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 3.3% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, iron angle exports rose rapidly to $X in 2021. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cyprus (X tons), Albania (X tons) and Kosovo (X tons) were the main destinations of iron angle exports from Greece, with a combined 90% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cyprus (with a CAGR of +2.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for iron angle exported from Greece were Cyprus ($X), Albania ($X) and Kosovo ($X), together comprising 90% of total exports.

In terms of the main countries of destination, Kosovo, with a CAGR of +55.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron angle export price stood at $X per ton in 2021, surging by 51% against the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iron angle export price increased by +43.4% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Cyprus ($X per ton) and Bulgaria ($X per ton), while the average price for exports to Serbia ($X per ton) and Italy ($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 Kosovo (+67.7%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Angle Imports

Imports into Greece

In 2021, the amount of angles, shapes and sections (of iron or non-alloy steel) imported into Greece reached X tons, approximately reflecting the year before. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.2% against 2013 indices. The pace of growth was the most pronounced in 2014 with an increase of 25% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, iron angle imports soared to $X in 2021. Over the period under review, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of iron angle imports to Greece, together comprising 80% of total imports. These countries were followed by North Macedonia, Luxembourg, Belgium, Serbia and Bulgaria, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +380.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron angle suppliers to Greece were Spain ($X), Turkey ($X) and Italy ($X), together accounting for 79% of total imports. These countries were followed by North Macedonia, Luxembourg, Belgium, Serbia and Bulgaria, which together accounted for a further 17%.

Belgium, with a CAGR of +330.8%, saw the highest growth rate of the value of imports, in terms of 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 iron angle import price stood at $X per ton in 2021, increasing by 50% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by North Macedonia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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