Greece: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Greece

In 2021, the Greek hot-rolled silico-manganese steel bar market increased by 54% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Greece

Hot-rolled silico-manganese steel bar exports from Greece dropped significantly to X tons in 2021, shrinking by -38.9% against 2020. In general, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 477,900%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled silico-manganese steel bar exports declined to $X in 2021. Over the period under review, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 2,702,200%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Nigeria (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from Greece, with a 94% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to Nigeria exceeded the volume sent to the second major destination, Cyprus (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria stood at -24.2%.

In value terms, Nigeria ($X) remains the key foreign market for hot-rolled bars of silico-manganese steel exports from Greece, comprising 97% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Nigeria totaled -11.2%.

Export Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, jumping by 41% against the previous year. Over the period under review, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 694%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Greece

After two years of decline, purchases abroad of hot-rolled bars of silico-manganese steel increased by 32% to X tons in 2021. Overall, imports, however, saw a mild descent. The growth pace was the most rapid in 2013 with an increase of 72% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, hot-rolled silico-manganese steel bar imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) was the main supplier of hot-rolled silico-manganese steel bar to Greece, with a 95% share of total imports. Moreover, hot-rolled silico-manganese steel bar imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled -1.4%.

In value terms, Italy ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Greece, comprising 87% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled -1.5%.

Import Prices by Country

The average hot-rolled silico-manganese steel bar import price stood at $X per ton in 2021, picking up by 22% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.2%).

Source: IndexBox Platform

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