Greece: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Greece

The Greek non-malleable cast iron articles market soared to $X in 2022, rising by 46% against the previous year. Overall, consumption posted a moderate expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Articles Of Non-Malleable Cast Iron in Greece

In value terms, non-malleable cast iron articles production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt setback. Non-malleable cast iron articles production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Greece

In 2022, after two years of growth, there was significant decline in shipments abroad of articles of non-malleable cast iron, when their volume decreased by -67.7% to X tons. Over the period under review, exports, however, recorded mild growth. The pace of growth appeared the most rapid in 2021 when exports increased by 385% against the previous year. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, non-malleable cast iron articles exports shrank dramatically to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 279% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Marshall Islands (X tons) and Malta (X tons) were the main destinations of non-malleable cast iron articles exports from Greece, together accounting for 72% of total exports. Oman, Albania, the UK and Cyprus lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +227.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Marshall Islands ($X) and Malta ($X) were the largest markets for non-malleable cast iron articles exported from Greece worldwide, together comprising 48% of total exports. The UK, Oman, Cyprus and Albania lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, the UK, with a CAGR of +185.3%, saw the highest growth rate of 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 non-malleable cast iron articles export price stood at $X per ton in 2022, picking up by 106% against the previous year. In general, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 190% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Albania ($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 Malta (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Greece

In 2022, the amount of articles of non-malleable cast iron imported into Greece expanded notably to X tons, with an increase of 11% on the year before. Over the period under review, imports posted a temperate increase. The most prominent rate of growth was recorded in 2013 when imports increased by 111%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports surged to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.9% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 100% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), India (X tons) and Italy (X tons) were the main suppliers of non-malleable cast iron articles imports to Greece, together accounting for 85% of total imports. Vietnam, China, the Netherlands, Bulgaria and Croatia lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +40.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), India ($X) and Croatia ($X) were the largest non-malleable cast iron articles suppliers to Greece, with a combined 75% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +42.2%, saw the highest growth rate of 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

The average non-malleable cast iron articles import price stood at $X per ton in 2022, jumping by 26% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles import price increased by +19.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Croatia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+120.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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