Greece: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Greece

In 2021, the Greek metal pickling preparations market decreased by -38.9% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a abrupt curtailment. Metal pickling preparations consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Pickling Preparations Production in Greece

In value terms, metal pickling preparations production fell slightly to $X in 2021 estimated in export price. Over the period under review, production faced a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 116%. Metal pickling preparations production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Metal Pickling Preparations Exports

Exports from Greece

In 2021, overseas shipments of pickling preparations for metal surfaces increased by 49% to X tons, rising for the third year in a row after two years of decline. In general, exports saw resilient growth. The growth pace was the most rapid in 2016 when exports increased by 83% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal pickling preparations exports skyrocketed to $X in 2021. Over the period under review, exports showed resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 68% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Albania (X tons), Russia (X tons) and Bulgaria (X tons) were the main destinations of metal pickling preparations exports from Greece, together accounting for 59% of total exports. These countries were followed by Romania, Serbia, the Czech Republic and the Netherlands, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +85.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal pickling preparations exported from Greece were Bulgaria ($X), the Netherlands ($X) and Albania ($X), with a combined 49% share of total exports. Romania, Russia, Serbia and the Czech Republic lagged somewhat behind, together comprising a further 33%.

The Czech Republic, with a CAGR of +124.1%, 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 pickling preparations export price amounted to $X per ton, waning by -9.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2020 an increase of 61% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Russia ($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 the Netherlands (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports into Greece

In 2021, approx. X tons of pickling preparations for metal surfaces were imported into Greece; declining by -27.3% against 2020 figures. In general, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +10.9% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 71% against the previous year. Imports peaked at X tons in 2020, and then declined significantly in the following year.

In value terms, metal pickling preparations imports dropped dramatically to $X in 2021. Over the period under review, imports showed a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 58% against the previous year. As a result, imports reached the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of metal pickling preparations to Greece, accounting for a 65% share of total imports. Moreover, metal pickling preparations imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by France (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.2% per year) and France (+52.3% per year).

In value terms, Italy ($X) constituted the largest supplier of pickling preparations for metal surfaces to Greece, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports. It was followed by France, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.4% per year) and France (+43.1% per year).

Import Prices by Country

The average metal pickling preparations import price stood at $X per ton in 2021, surging by 3.5% against the previous year. In general, the import price, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Bulgaria ($X per ton), while the price for Italy ($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 (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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