Greece: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in Greece

In 2021, the Greek copper tube and pipe market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a deep contraction. Copper tube and pipe consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Copper Tubes And Pipes in Greece

In value terms, copper tube and pipe production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports from Greece

In 2021, shipments abroad of copper tubes and pipes decreased by -0.4% to X tons, falling for the third year in a row after seven years of growth. The total export volume increased at an average annual rate of +4.3% over the period 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 2015 when exports increased by 14%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper tube and pipe exports soared to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.3% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), France (X tons) and the UK (X tons) were the main destinations of copper tube and pipe exports from Greece, with a combined 40% share of total exports. Germany, Spain, Turkey, the United States, Israel, Belgium, Romania, Serbia, the Czech Republic and Algeria lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +20.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper tube and pipe exported from Greece were France ($X), Italy ($X) and the UK ($X), together accounting for 40% of total exports. These countries were followed by Germany, Spain, Turkey, the United States, Israel, Belgium, Romania, Serbia, the Czech Republic and Algeria, which together accounted for a further 45%.

Among the main countries of destination, Serbia, with a CAGR of +30.1%, 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 copper tube and pipe export price stood at $X per ton in 2021, growing by 41% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper tube and pipe export price increased by +34.3% 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 noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Romania ($X per ton) and Spain ($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 the United States (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports into Greece

In 2021, the amount of copper tubes and pipes imported into Greece fell slightly to X tons, approximately equating 2020. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2017 when imports increased by 23% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, copper tube and pipe imports skyrocketed to $X in 2021. Over the period under review, imports saw a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of copper tube and pipe imports to Greece, together accounting for 71% of total imports. These countries were followed by Turkey, China, Vietnam, the UK and Serbia, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +21.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Austria ($X) were the largest copper tube and pipe suppliers to Greece, with a combined 73% share of total imports. These countries were followed by Turkey, China, Vietnam, the UK and Serbia, which together accounted for a further 24%.

The UK, with a CAGR of +25.6%, recorded 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

In 2021, the average copper tube and pipe import price amounted to $X per ton, growing by 29% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, import price reached 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, the country with the highest price was Serbia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform