Greece: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Greece

In 2021, the Greek market for iron or steel flat spiral or discs springs increased by 17% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +24.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Iron or Steel Flat Spiral or Discs Springs in Greece

In value terms, metal spiral or discs spring production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by 17% against the previous year. Metal spiral or discs spring production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Greece

In 2021, shipments abroad of iron or steel flat spiral or discs springs decreased by -32.7% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 89% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports soared to $X in 2021. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2015 when exports increased by 72%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Cyprus (X tons), France (X tons) and Romania (X tons) were the main destinations of metal spiral or discs spring exports from Greece, with a combined 86% share of total exports. Spain, Albania, Bulgaria, Marshall Islands, Indonesia and North Macedonia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +256.7%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), France ($X) and Romania ($X) appeared to be the largest markets for metal spiral or discs spring exported from Greece worldwide, together accounting for 81% of total exports.

France, with a CAGR of +210.8%, saw the highest rates of growth with regard to the value of exports, among 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

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, picking up by 75% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Albania ($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 France (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Greece

Metal spiral or discs spring imports into Greece expanded notably to X tons in 2021, growing by 9.3% on 2020. Overall, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 66%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal spiral or discs spring imports surged to $X in 2021. In general, imports showed a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 119% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Albania (X tons) constituted the largest supplier of metal spiral or discs spring to Greece, with a 73% share of total imports. Moreover, metal spiral or discs spring imports from Albania exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. Turkey (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Albania totaled +39.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.1% per year) and Turkey (+11.5% per year).

In value terms, Albania ($X) constituted the largest supplier of iron or steel flat spiral or discs springs to Greece, comprising 45% of total imports. The second position in the ranking was held by Poland ($X), with a 15% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Albania amounted to +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.1% per year) and Italy (-2.5% per year).

Import Prices by Country

In 2021, the average import price for iron or steel flat spiral or discs springs amounted to $X per ton, surging by 9.1% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 62% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Albania ($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 (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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