Greece: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Greece

In 2021, the Greek market for railway or tramway track construction material of iron or steel decreased by -16.5% to $X, falling for the third consecutive year after four years of growth. In general, consumption, however, saw a slight increase. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Greece

In 2021, shipments abroad of railway or tramway track construction material of iron or steel increased by 49% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 598% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. In general, exports saw a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 435%. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of railway or tramway track construction material of iron or steel from Greece, accounting for a 58% share of total exports. Moreover, exports of railway or tramway track construction material of iron or steel to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fivefold. Egypt (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and Egypt (0.0% per year).

In value terms, Germany ($X) remains the key foreign market for railway or tramway track construction material of iron or steel exports from Greece, comprising 55% of total exports. The second position in the ranking was taken by Romania ($X), with a 14% share of total exports. It was followed by Egypt, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+91.0% per year) and Egypt (0.0% per year).

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, surging by 46% against the previous year. In general, the export price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 64%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Albania ($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 Israel (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Greece

In 2021, supplies from abroad of railway or tramway track construction material of iron or steel decreased by -2.7% to X tons, falling for the third consecutive year after four years of growth. In general, imports, however, showed measured growth. The growth pace was the most rapid in 2017 when imports increased by 108%. Over the period under review, imports of reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel declined to $X in 2021. Over the period under review, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2016 with an increase of 69% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of imports of railway or tramway track construction material of iron or steel to Greece, with a combined 58% share of total imports. Austria, France, Spain, Luxembourg, Turkey and China lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +30.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel railway construction materials suppliers to Greece were Poland ($X), Austria ($X) and Germany ($X), with a combined 53% share of total imports. Italy, Spain, Luxembourg, France, Turkey and China lagged somewhat behind, together accounting for a further 38%.

In terms of the main suppliers, Luxembourg, with a CAGR of +27.2%, recorded 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

The average import price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, falling by -9.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 63% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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