Greece: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in Greece

In 2021, the Greek flat-rolled steel products market decreased by -34.9% to $X, falling for the third year in a row after two years of growth. Overall, consumption showed a abrupt contraction. Flat-rolled steel products consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Flat-Rolled Steel Products Production in Greece

In value terms, flat-rolled steel products production rose rapidly to $X in 2021 estimated in export price. Overall, production recorded a deep slump. The growth pace was the most rapid in 2018 when the production volume increased by 24%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Flat-Rolled Steel Products Exports

Exports from Greece

In 2021, shipments abroad of flat-rolled products of iron or non-alloy steel decreased by -7.9% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 37%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, flat-rolled steel products exports soared to $X in 2021. Overall, exports, however, recorded a perceptible increase. The growth pace was the most rapid in 2017 when exports increased by 39% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Bulgaria (X tons), Italy (X tons) and Albania (X tons) were the main destinations of flat-rolled steel products exports from Greece, with a combined 61% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Albania (with a CAGR of +23.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flat-rolled steel products exported from Greece were Bulgaria ($X), Italy ($X) and Albania ($X), together accounting for 68% of total exports.

In terms of the main countries of destination, Albania, with a CAGR of +27.0%, saw 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 flat-rolled steel products export price amounted to $X per ton, surging by 42% against the previous year. Overall, export price indicated a modest expansion 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, flat-rolled steel products export price increased by +69.6% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to India ($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 Egypt (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into Greece

Flat-rolled steel products imports into Greece shrank to X tons in 2021, dropping by -5.1% on the previous year. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 18%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, flat-rolled steel products imports skyrocketed to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 45% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), China (X tons) and Germany (X tons) were the main suppliers of flat-rolled steel products imports to Greece, together comprising 49% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +13.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and Germany ($X) constituted the largest flat-rolled steel products suppliers to Greece, together accounting for 51% of total imports.

China, with a CAGR of +16.2%, saw 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

The average flat-rolled steel products import price stood at $X per ton in 2021, jumping by 31% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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