Greece: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2025

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Greece

In 2022, the Greek market for line pipe of steel other than stainless steel for oil or gas pipelines increased by 43% to $X, rising for the second year in a row after two years of decline. In general, consumption showed resilient growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports from Greece

In 2022, the amount of line pipe of steel other than stainless steel for oil or gas pipelines exported from Greece contracted significantly to X tons, reducing by -47.1% against the previous year's figure. In general, exports, however, showed a measured expansion. The growth pace was the most rapid in 2019 with an increase of 161%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines reduced sharply to $X in 2022. Over the period under review, exports, however, saw temperate growth. The pace of growth was the most pronounced in 2018 when exports increased by 461% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2021, and then dropped notably in the following year.

Exports by Country

Mozambique (X tons), Albania (X tons) and Cyprus (X tons) were the main destinations of exports of line pipe of steel other than stainless steel for oil or gas pipelines from Greece, together accounting for 58% of total exports. Romania, Libya, North Macedonia, Israel, Bulgaria and the Netherlands lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +98.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Cyprus ($X) and Albania ($X) appeared to be the largest markets for line pipe of steel other than stainless steel for oil or gas pipelines exported from Greece worldwide, together comprising 62% of total exports. Libya, Romania, North Macedonia, the Netherlands, Israel and Bulgaria lagged somewhat behind, together accounting for a further 31%.

Libya, with a CAGR of +93.7%, 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

The average export price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, falling by -12.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 204%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports into Greece

Imports of line pipe of steel other than stainless steel for oil or gas pipelines into Greece reduced modestly to X tons in 2022, remaining stable against 2021 figures. Overall, imports, however, posted perceptible growth. The growth pace was the most rapid in 2016 when imports increased by 229%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines skyrocketed to $X in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 276%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Romania (X tons) constituted the largest line pipe of steel other than stainless steel for oil or gas pipelines supplier to Greece, accounting for a 59% share of total imports. Moreover, imports of line pipe of steel other than stainless steel for oil or gas pipelines from Romania exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by the Czech Republic (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Romania amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.0% per year) and the Czech Republic (+34.4% per year).

In value terms, Romania ($X) constituted the largest supplier of line pipe of steel other than stainless steel for oil or gas pipelines to Greece, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Romania amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.7% per year) and the Czech Republic (+39.6% per year).

Import Prices by Country

The average import price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, increasing by 38% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for line pipe of steel other than stainless steel for oil or gas pipelines increased by +84.2% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform