Greece: Copper Wire Market 2024

Copper Wire Market Size in Greece

The Greek copper wire market stood at $X in 2021, remaining stable against the previous year. Overall, consumption, however, continues to indicate a slight shrinkage. Copper wire consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Copper Wire Production in Greece

In value terms, copper wire production shrank to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 16%. Copper wire production peaked at $X in 2020, and then fell in the following year.

Copper Wire Exports

Exports from Greece

In 2021, the amount of copper wire exported from Greece skyrocketed to X tons, picking up by 36% on the year before. In general, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +30.4% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper wire exports soared to $X in 2021. Over the period under review, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for copper wire exports from Greece, accounting for a 92% share of total exports. It was followed by Italy (X tons), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+37.0% per year) and Bulgaria (-9.2% per year).

In value terms, Romania ($X) remains the key foreign market for copper wire exports from Greece, comprising 93% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-7.4% per year) and Italy (+37.6% per year).

Export Prices by Country

The average copper wire export price stood at $X per ton in 2021, rising by 50% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper wire export price increased by +53.3% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Italy ($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 Bulgaria (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports

Imports into Greece

In 2021, imports of copper wire into Greece surged to X tons, jumping by 112% against the previous year's figure. Over the period under review, imports, however, showed a slight decline. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, copper wire imports surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained 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 wire imports to Greece, together comprising 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +1,200.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper wire suppliers to Greece were Russia ($X), Egypt ($X) and France ($X), with a combined 86% share of total imports.

Russia, with a CAGR of +1,559.1%, saw the highest rates of growth with regard to the value of imports, among 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 wire import price amounted to $X per ton, growing by 41% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Russia ($X per ton) and Turkey ($X per ton), while the price for France ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform