Greece: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Greece

The Greek metal link chain parts market soared to $X in 2021, picking up by 93% 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). In general, consumption, however, showed a deep setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Greece

After two years of growth, overseas shipments of iron or steel parts of articulated link chain decreased by -48.8% to X tons in 2021. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 497% against the previous year. As a result, the exports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, metal link chain parts exports reduced sharply to $X in 2021. In general, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 298%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Bulgaria (X tons), India (X tons) and Cyprus (X kg) were the main destinations of metal link chain parts exports from Greece, together accounting for 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of +36.2%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), India ($X) and Cyprus ($X) appeared to be the largest markets for metal link chain parts exported from Greece worldwide, with a combined 99% share of total exports.

Cyprus, with a CAGR of +22.4%, saw the highest rates of growth with regard to 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 metal link chain parts export price amounted to $X per ton, reducing by -13.3% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 52% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to India ($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 Cyprus (-9.8%).

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Greece

In 2021, the amount of iron or steel parts of articulated link chain imported into Greece surged to X tons, rising by 16% on 2020. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, metal link chain parts imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of 25%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main suppliers of metal link chain parts imports to Greece, with a combined 88% share of total imports. Turkey, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further 9.2%.

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 +241.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain parts suppliers to Greece were Germany ($X), Italy ($X) and Turkey ($X), with a combined 83% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +225.5%, saw the highest rates of growth with regard to 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

In 2021, the average metal link chain parts import price amounted to $X per ton, growing by 5.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2016 an increase of 58% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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