Greece: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in Greece

The Greek metal hot-worked helical spring market surged to $X in 2021, increasing by 100% 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). Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Greece

Metal hot-worked helical spring exports from Greece fell notably to X tons in 2021, shrinking by -51.3% against the previous year's figure. In general, exports, however, showed a noticeable expansion. The pace of growth was the most pronounced in 2018 with an increase of 320% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, metal hot-worked helical spring exports declined sharply to $X in 2021. Over the period under review, exports saw a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of 206%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tons) was the main destination for metal hot-worked helical spring exports from Greece, with a 85% share of total exports. Moreover, metal hot-worked helical spring exports to Serbia exceeded the volume sent to the second major destination, Bulgaria (X tons), more than tenfold. The third position in this ranking was taken by Romania (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Serbia stood at +148.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-12.3% per year) and Romania (-23.3% per year).

In value terms, Serbia ($X) remains the key foreign market for iron or steel hot-worked helical springs exports from Greece, comprising 67% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 15% share of total exports. It was followed by China, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Serbia totaled +188.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-11.4% per year) and China (0.0% per year).

Export Prices by Country

In 2021, the average metal hot-worked helical spring export price amounted to $X per ton, with an increase of 34% against the previous year. Overall, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 240% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

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 Russia ($X per ton), while the average price for exports to Romania ($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 Russia (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Greece

Metal hot-worked helical spring imports into Greece skyrocketed to X tons in 2021, with an increase of 23% compared with 2020. Over the period under review, imports, however, saw a noticeable contraction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring imports surged to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.7% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of metal hot-worked helical spring imports to Greece, with a combined 77% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +14.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of iron or steel hot-worked helical springs to Greece, comprising 53% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.1% per year) and the Netherlands (+7.9% per year).

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, surging by 6.9% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal hot-worked helical spring import price increased by +100.4% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 31%. The import price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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