Greece: Insulating Fittings Market 2025

Insulating Fittings Market Size in Greece

In 2021, the Greek insulating fittings market increased by 2.6% to $X, rising for the fifth year in a row after four years of decline. Overall, consumption, however, continues to indicate a abrupt setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Insulating Fittings Production in Greece

In value terms, insulating fittings production reached $X in 2021 estimated in export price. Overall, production, however, saw a deep setback. The pace of growth was the most pronounced in 2019 when the production volume increased by 32% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Insulating Fittings Exports

Exports from Greece

In 2021, insulating fittings exports from Greece soared to X tons, with an increase of 43% against the previous year. In general, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 549% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, insulating fittings exports expanded markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by 203% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bahamas (X tons), the UK (X tons) and Liberia (X tons) were the main destinations of insulating fittings exports from Greece, with a combined 72% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Liberia (with a CAGR of +117.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for insulating fittings exported from Greece were the UK ($X), Romania ($X) and Bahamas ($X), with a combined 77% share of total exports.

Romania, with a CAGR of +145.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 insulating fittings export price amounted to $X per ton, with a decrease of -23.4% against the previous year. Overall, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 371%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Bahamas ($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 (+40.3%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports

Imports into Greece

In 2021, supplies from abroad of insulating fittings for electrical purposes was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 114% against the previous year. 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, insulating fittings imports expanded to $X in 2021. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2018 with an increase of 123% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest insulating fittings supplier to Greece, with a 61% share of total imports. Moreover, insulating fittings imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Spain (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +58.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.3% per year) and Spain (+12.9% per year).

In value terms, Italy ($X), China ($X) and Spain ($X) were the largest insulating fittings suppliers to Greece, together accounting for 66% of total imports.

Among the main suppliers, China, with a CAGR of +49.9%, recorded 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 insulating fittings import price stood at $X per ton in 2021, with a decrease of -33.5% against the previous year. In general, the import price showed a slight descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 31%. The import price peaked at $X per ton in 2020, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+59.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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