Greece: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in Greece

The Greek copper pipe and fitting market reduced modestly to $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption, however, showed a deep contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Tubes, Pipes And Fitting in Greece

In value terms, copper pipe and fitting production contracted rapidly to $X in 2021 estimated in export price. In general, production saw a dramatic curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by 30%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports from Greece

In 2021, overseas shipments of copper tubes, pipes and fitting decreased by -0.8% to X tons, falling for the second year in a row after eight years of growth. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when exports increased by 15% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, copper pipe and fitting exports surged to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.8% 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 pipe and fitting 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 comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +20.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and the UK ($X) were the largest markets for copper pipe and fitting exported from Greece worldwide, together comprising 39% 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%.

Among the main countries of destination, Serbia, with a CAGR of +29.4%, recorded 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

In 2021, the average copper pipe and fitting export price amounted to $X per ton, picking up by 41% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper pipe and fitting export price increased by +35.3% 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, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and Romania ($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, Pipes And Fitting

Imports into Greece

In 2021, the amount of copper tubes, pipes and fitting imported into Greece skyrocketed to X tons, increasing by 23% against 2020. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper pipe and fitting imports skyrocketed to $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 +48.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of copper pipe and fitting imports to Greece, with a combined 82% share of total imports. These countries were followed by Bulgaria, Turkey, Austria, Spain, France and Serbia, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +14.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Germany ($X) constituted the largest copper pipe and fitting suppliers to Greece, with a combined 82% share of total imports. Bulgaria, Turkey, Austria, Spain, France and Serbia lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Turkey, with a CAGR of +15.4%, saw the highest rates of growth with regard to 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 copper pipe and fitting import price stood at $X per ton in 2021, surging by 18% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 Serbia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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