Greece: Market for Hot-Rolled Bars Of High Speed Steel 2025

Market Size for Hot-Rolled Bars Of High Speed Steel in Greece

The Greek market for hot-rolled bars of high speed steel shrank slightly to $X in 2022, standing approx. at the previous year. Overall, consumption saw a noticeable contraction. Hot-rolled high speed steel bar consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Bars Of High Speed Steel in Greece

In value terms, hot-rolled high speed steel bar production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Greece

For the seventh year in a row, Greece recorded growth in overseas shipments of hot-rolled bars of high speed steel, which increased by 1.4% to X tons in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 3,815%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, hot-rolled high speed steel bar exports totaled $X in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 13,364%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for hot-rolled high speed steel bar exports from Greece, with a 66% share of total exports. Moreover, hot-rolled high speed steel bar exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), tenfold. The third position in this ranking was held by Spain (X tons), with a 6.5% share.

From 2014 to 2022, the average annual growth rate of volume to the Netherlands totaled +138.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+68.4% per year) and Spain (+99.7% per year).

In value terms, the Netherlands ($X) remains the key foreign market for hot-rolled bars of high speed steel exports from Greece, comprising 63% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Spain, with a 5.7% share.

From 2014 to 2022, the average annual growth rate of value to the Netherlands amounted to +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+50.2% per year) and Spain (+75.3% per year).

Export Prices by Country

The average export price for hot-rolled bars of high speed steel stood at $X per ton in 2022, increasing by 6.6% against the previous year. In general, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 244%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+29.8%), while the prices for the other major destinations experienced a decline.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Greece

In 2022, approx. X kg of hot-rolled bars of high speed steel were imported into Greece; waning by -98.2% compared with the previous year's figure. In general, imports faced a abrupt descent. The pace of growth was the most pronounced in 2017 when imports increased by 30,246% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, hot-rolled high speed steel bar imports contracted significantly to $X in 2022. Over the period under review, imports, however, saw a slight increase. The growth pace was the most rapid in 2017 when imports increased by 1,415%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X kg) was the main supplier of hot-rolled high speed steel bar to Greece, accounting for a 98% share of total imports. It was followed by Ireland (X kg), with a 2.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Sweden stood at +33.9%.

In value terms, Sweden ($X) constituted the largest supplier of hot-rolled bars of high speed steel to Greece, comprising 76% of total imports. The second position in the ranking was taken by Ireland ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at +24.0%.

Import Prices by Country

In 2022, the average import price for hot-rolled bars of high speed steel amounted to $X per ton, jumping by 531% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The growth pace was the most rapid in 2016 when the average import price increased by 1,136%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+767.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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