Greece: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Greece

After four years of growth, the Greek market for ribbed or other deformed wire rod of non-alloy steel decreased by -31% to $X in 2021. Overall, consumption faced a deep reduction. Deformed non-alloy steel wire rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Greece

In value terms, deformed non-alloy steel wire rod production fell slightly to $X in 2021 estimated in export price. In general, production, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 62%. Deformed non-alloy steel wire rod production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Greece

Deformed non-alloy steel wire rod exports from Greece was estimated at X tons in 2021, with an increase of 3.9% compared with 2020 figures. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 58% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, deformed non-alloy steel wire rod exports surged to $X in 2021. In general, exports posted prominent growth. The growth pace was the most rapid in 2017 with an increase of 90%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Romania (X tons) was the main destination for deformed non-alloy steel wire rod exports from Greece, accounting for a 62% share of total exports. Moreover, deformed non-alloy steel wire rod exports to Romania exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. The third position in this ranking was taken by Serbia (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Romania totaled +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+11.4% per year) and Serbia (+7.1% per year).

In value terms, Romania ($X) remains the key foreign market for ribbed or other deformed wire rod of non-alloy steel exports from Greece, comprising 63% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 22% share of total exports. It was followed by Serbia, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+13.6% per year) and Serbia (+8.3% per year).

Export Prices by Country

In 2021, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, picking up by 55% against the previous year. In general, export price indicated a modest expansion from 2012 to 2021: its price 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and Bulgaria ($X per ton), while the average price for exports to North Macedonia ($X per ton) and Cyprus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Greece

In 2021, after two years of growth, there was significant decline in overseas purchases of ribbed or other deformed wire rod of non-alloy steel, when their volume decreased by -67.3% to X tons. Overall, imports showed a perceptible decrease. The growth pace was the most rapid in 2019 when imports increased by 654% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then shrank markedly in the following year.

In value terms, deformed non-alloy steel wire rod imports declined significantly to $X in 2021. In general, imports saw a mild descent. The growth pace was the most rapid in 2019 with an increase of 613%. Over the period under review, imports hit record highs at $X in 2020, and then declined dramatically in the following year.

Imports by Country

In 2021, Italy (X tons) was the main supplier of deformed non-alloy steel wire rod to Greece, with a 100% share of total imports. It was followed by Germany (X kg), with a 0.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at -3.8%.

In value terms, Italy ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to Greece, comprising 100% of total imports. The second position in the ranking was taken by Germany ($X), with a 0.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled -1.8%.

Import Prices by Country

In 2021, the average import price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, surging by 48% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, import price attained 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 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+65.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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