Greece: Mill Rolling Roll Market 2024

Mill Rolling Roll Market Size in Greece

The Greek mill rolling roll market dropped rapidly to $X in 2022, shrinking by -20.2% against the previous year. Overall, consumption continues to indicate a deep contraction. Mill rolling roll consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Mill Rolling Roll Production in Greece

In value terms, mill rolling roll production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 7.2% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Mill Rolling Roll Exports

Exports from Greece

Mill rolling roll exports from Greece surged to X units in 2022, picking up by 64% against the previous year's figure. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 2,100%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mill rolling roll exports skyrocketed to $X in 2022. In general, exports saw a modest expansion. The pace of growth was the most pronounced in 2019 with an increase of 1,772% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cyprus (X units) was the main destination for mill rolling roll exports from Greece, accounting for a 74% share of total exports. Moreover, mill rolling roll exports to Cyprus exceeded the volume sent to the second major destination, North Macedonia (X units), sixfold. The third position in this ranking was taken by Germany (X units), with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus totaled +58.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-2.5% per year) and Germany (0.0% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for rolls for rolling mills exports from Greece, comprising 96% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 3.6% share of total exports. It was followed by Romania, with a 0.4% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus totaled +48.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-21.3% per year) and Romania (-69.1% per year).

Export Prices by Country

The average mill rolling roll export price stood at $X per unit in 2022, surging by 1.8% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Cyprus ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (-6.7%), while the prices for the other major destinations experienced a decline.

Mill Rolling Roll Imports

Imports into Greece

In 2022, approx. less than X units of rolls for rolling mills were imported into Greece; stabilizing at the previous year's figure. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2018 when imports increased by 25% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, mill rolling roll imports totaled $X in 2022. In general, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 61% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2018, Germany (X units) constituted the largest supplier of mill rolling roll to Greece, with a 46% share of total imports. Moreover, mill rolling roll imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X units), fourfold. China (X units) ranked third in terms of total imports with a 13% share.

From 2017 to 2018, the average annual growth rate of volume from Germany amounted to +71.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+316.7% per year) and China (-3.8% per year).

In value terms, Germany ($X) constituted the largest supplier of rolls for rolling mills to Greece, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Slovenia, with a 13% share.

From 2017 to 2018, the average annual growth rate of value from Germany totaled +42.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-22.1% per year) and Slovenia (+224.9% per year).

Import Prices by Country

In 2018, the average mill rolling roll import price amounted to $X per unit, reducing by -19.1% against the previous year. In general, the import price showed a drastic downturn. The import price peaked at $X per unit in 2017, and then dropped remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2018, amid the top importers, the highest price was recorded for prices from Iran ($X per unit) and France ($X per unit), while the price for Slovenia ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2017 to 2018, the most notable rate of growth in terms of prices was attained by Sweden (-16.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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