Greece: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Greece

In 2021, after eight years of decline, there was growth in the Greek market for copper bars, wire and plates, when its value increased by 1.9% to $X. In general, consumption continues to indicate a deep slump. Copper bars, wire and plates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Copper Bars, Wire And Plates in Greece

In value terms, copper bars, wire and plates production stood at $X in 2021 estimated in export price. Over the period under review, production showed a deep setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Greece

In 2021, exports of copper bars, wire and plates from Greece skyrocketed to X tons, with an increase of 37% against 2020. The total export volume increased at an average annual rate of +5.5% from 2012 to 2021; however, 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.

In value terms, copper bars, wire and plates exports soared to $X in 2021. In general, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons), Italy (X tons) and Germany (X tons) were the main destinations of copper bars, wire and plates exports from Greece, with a combined 81% share of total exports. South Korea, the UK, Turkey, France, Bulgaria and Poland lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +45.9%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for copper bars, wire and plates exports from Greece, comprising 55% of total exports. The second position in the ranking was taken by Italy ($X), with a 20% share of total exports. It was followed by Germany, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+16.9% per year) and Germany (+0.8% per year).

Export Prices by Country

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, increasing by 53% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates export price increased by +46.7% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Poland ($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 Poland (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Greece

In 2021, supplies from abroad of copper bars, wire and plates increased by 69% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Overall, imports recorded a slight increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Egypt (X tons) and France (X tons) were the main suppliers of copper bars, wire and plates imports to Greece, with a combined 66% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +195.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Egypt ($X) and France ($X) constituted the largest copper bars, wire and plates suppliers to Greece, with a combined 70% share of total imports.

In terms of the main suppliers, Russia, with a CAGR of +261.0%, 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 import price for copper bars, wire and plates stood at $X per ton in 2021, rising by 40% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. 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 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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