Greece: Wire And Cable Market 2025

Wire And Cable Market Size in Greece

The Greek wire and cable market declined rapidly to $X in 2021, reducing by -33.1% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wire And Cable Production in Greece

In value terms, wire and cable production declined to $X in 2021 estimated in export price. Overall, production showed a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. Wire and cable production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wire And Cable Exports

Exports from Greece

In 2021, approx. X tons of insulated wire and cable were exported from Greece; growing by 27% compared with the previous year. Overall, total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.5% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 40%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, wire and cable exports soared to $X in 2021. In general, exports enjoyed a moderate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Germany (X tons) and Israel (X tons) were the main destinations of wire and cable exports from Greece, with a combined 57% share of total exports. The Netherlands, Poland, Sweden, Austria, Romania, Cyprus, Italy, Belgium, Bulgaria and Libya lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +121.2%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Israel ($X) were the largest markets for wire and cable exported from Greece worldwide, together accounting for 56% of total exports. The Netherlands, Poland, Sweden, Belgium, Austria, Cyprus, Italy, Romania, Bulgaria and Libya lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Poland, with a CAGR of +114.5%, 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

The average wire and cable export price stood at $X per ton in 2021, with an increase of 27% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Sweden ($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 Libya (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Greece

For the fourth consecutive year, Greece recorded growth in overseas purchases of insulated wire and cable, which increased by 26% to X tons in 2021. In general, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by 50%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wire and cable imports surged to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Norway (X tons) and Romania (X tons) were the main suppliers of wire and cable imports to Greece, together comprising 55% of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +181.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Turkey ($X) and Romania ($X) appeared to be the largest wire and cable suppliers to Greece, together accounting for 53% of total imports.

Norway, with a CAGR of +149.6%, 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

In 2021, the average wire and cable import price amounted to $X per ton, surging by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2017 an increase of 24%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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