Greece: Market for Base Metal Automatic Door Closers 2024

Market Size for Base Metal Automatic Door Closers in Greece

For the sixth consecutive year, the Greek metal automatic door closer market recorded growth in sales value, which increased by 16% to $X in 2021. In general, consumption recorded a buoyant expansion. Metal automatic door closer consumption peaked in 2021 and is likely to see gradual growth in the near future.

Production of Base Metal Automatic Door Closers in Greece

In value terms, metal automatic door closer production skyrocketed to $X in 2021 estimated in export price. Overall, production showed strong growth. The pace of growth was the most pronounced in 2014 with an increase of 408%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Base Metal Automatic Door Closers

Exports from Greece

For the fifth consecutive year, Greece recorded decline in overseas shipments of base metal automatic door closers, which decreased by -9.9% to X tons in 2021. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 11% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal automatic door closer exports reached $X in 2021. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 5.5% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X tons) was the main destination for metal automatic door closer exports from Greece, accounting for a 37% share of total exports. Moreover, metal automatic door closer exports to Egypt exceeded the volume sent to the second major destination, North Macedonia (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt stood at +80.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-16.7% per year) and Italy (-13.2% per year).

In value terms, Egypt ($X) remains the key foreign market for base metal automatic door closers exports from Greece, comprising 33% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 12% share of total exports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Egypt amounted to +75.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-9.9% per year) and Italy (-13.0% per year).

Export Prices by Country

The average metal automatic door closer export price stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2018 when the average export price increased by 32%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Kosovo ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Automatic Door Closers

Imports into Greece

In 2021, approx. X tons of base metal automatic door closers were imported into Greece; with a decrease of -1.9% against the previous year. In general, total imports indicated a moderate expansion from 2012 to 2021: its volume 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, imports decreased by -3.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 75% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, metal automatic door closer imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of metal automatic door closer imports to Greece, with a combined 76% share of total imports. Turkey, Spain, Bulgaria and Austria lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +62.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of base metal automatic door closers to Greece, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Germany, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.1% per year) and Germany (+5.1% per year).

Import Prices by Country

The average metal automatic door closer import price stood at $X per ton in 2021, with an increase of 13% against the previous year. In general, the import price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 26%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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