Greece: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Greece

The Greek ferro-cerium and pyrophoric alloys market shrank to $X in 2021, waning by -5.8% against the previous year. Overall, consumption saw a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Ferro-Cerium And Pyrophoric Alloys in Greece

In value terms, ferro-cerium and pyrophoric alloys production declined rapidly to $X in 2021 estimated in export price. In general, production showed a deep reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 205% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Greece

In 2021, overseas shipments of ferro-cerium and pyrophoric alloys decreased by -12% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 478% against the previous year. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, ferro-cerium and pyrophoric alloys exports contracted to $X in 2021. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 505%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted slightly in the following year.

Exports by Country

Romania (X tons) was the main destination for ferro-cerium and pyrophoric alloys exports from Greece, with a 51% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Romania exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. The third position in this ranking was taken by Albania (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania stood at +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+85.1% per year) and Albania (+101.1% per year).

In value terms, Romania ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Greece, comprising 61% of total exports. The second position in the ranking was taken by Albania ($X), with a 13% share of total exports. It was followed by Bulgaria, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+90.9% per year) and Bulgaria (+77.2% per year).

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, with an increase of 8.6% against the previous year. Overall, the export price, however, faced a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Libya ($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 Romania (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Greece

In 2021, the amount of ferro-cerium and pyrophoric alloys imported into Greece soared to X tons, increasing by 31% on the previous year. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 31%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to Greece, with a 47% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from Germany exceeded the figures recorded by the second-largest supplier, Serbia (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+21.6% per year) and the UK (+5.5% per year).

In value terms, Germany ($X), Serbia ($X) and the UK ($X) appeared to be the largest ferro-cerium and pyrophoric alloys suppliers to Greece, together comprising 79% of total imports. Turkey, China, the Netherlands, Indonesia and the Czech Republic lagged somewhat behind, together accounting for a further 18%.

Indonesia, with a CAGR of +38.7%, saw the highest growth rate of 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

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, falling by -4.1% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The growth pace was the most rapid in 2020 an increase of 11%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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