Greece: Non-Alloy Steel I-Sections Market 2025

Non-Alloy Steel I-Sections Market Size in Greece

The Greek non-alloy steel i-sections market was estimated at $X in 2021, rising by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a strong increase. Non-alloy steel i-sections consumption peaked in 2021 and is expected to retain growth in years to come.

Non-Alloy Steel I-Sections Exports

Exports from Greece

In 2021, shipments abroad of i-sections of non-alloy steel decreased by -22.7% to X tons, falling for the third year in a row after five years of growth. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 37%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-alloy steel i-sections exports rose markedly to $X in 2021. In general, exports recorded a noticeable setback. The growth pace was the most rapid in 2018 with an increase of 56%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cyprus (X tons) was the main destination for non-alloy steel i-sections exports from Greece, with a 61% share of total exports. Moreover, non-alloy steel i-sections exports to Cyprus exceeded the volume sent to the second major destination, Albania (X tons), twofold. The third position in this ranking was taken by Bulgaria (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+7.1% per year) and Bulgaria (-17.2% per year).

In value terms, Cyprus ($X) remains the key foreign market for i-sections of non-alloy steel exports from Greece, comprising 62% of total exports. The second position in the ranking was held by Albania ($X), with a 24% share of total exports. It was followed by Bulgaria, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cyprus stood at +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+9.9% per year) and Bulgaria (-14.3% per year).

Export Prices by Country

In 2021, the average non-alloy steel i-sections export price amounted to $X per ton, picking up by 46% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-alloy steel i-sections export price increased by +38.6% against 2018 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 foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Romania ($X per ton) and Bulgaria ($X per ton), while the average price for exports to North Macedonia ($X per ton) and Albania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (+70.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports into Greece

Non-alloy steel i-sections imports into Greece shrank to X tons in 2021, which is down by -14.7% compared with the previous year's figure. Overall, imports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 59%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-alloy steel i-sections imports skyrocketed to $X in 2021. In general, imports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 85%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Turkey (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of non-alloy steel i-sections imports to Greece, together accounting for 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +72.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel i-sections suppliers to Greece were Spain ($X), Turkey ($X) and Italy ($X), with a combined 89% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +70.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-alloy steel i-sections import price stood at $X per ton in 2021, with an increase of 54% against the previous year. Overall, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.2% 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 somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and Italy ($X per ton), while the price for Turkey ($X per ton) and Luxembourg ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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