Greece: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Greece

For the third year in a row, the Greek metal-reinforced rubber hose market recorded growth in sales value, which increased by 23% to $X in 2022. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.0% against 2018 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Metal-Reinforced Rubber Hose Exports

Exports from Greece

In 2022, overseas shipments of rubber hose reinforced with metal decreased by -1.6% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 766% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose exports contracted sharply to $X in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2017 when exports increased by 553% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Cyprus (X tons) was the main destination for metal-reinforced rubber hose exports from Greece, with a 71% share of total exports. Moreover, metal-reinforced rubber hose exports to Cyprus exceeded the volume sent to the second major destination, Albania (X tons), eightfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus totaled +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (-16.0% per year) and the United Arab Emirates (+53.0% per year).

In value terms, Cyprus ($X) remains the key foreign market for rubber hose reinforced with metal exports from Greece, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.2% share of total exports. It was followed by Romania, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus amounted to +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+36.5% per year) and Romania (+29.2% per year).

Export Prices by Country

In 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, falling by -22.7% against the previous year. Overall, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2019 an increase of 64%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports into Greece

In 2022, imports of rubber hose reinforced with metal into Greece skyrocketed to X tons, growing by 51% compared with 2021. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal-reinforced rubber hose imports rose remarkably to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 47%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X tons) constituted the largest metal-reinforced rubber hose supplier to Greece, with a 62% share of total imports. Moreover, metal-reinforced rubber hose imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Portugal (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.9% per year) and Portugal (+47.1% per year).

In value terms, Italy ($X) constituted the largest supplier of rubber hose reinforced with metal to Greece, comprising 67% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Portugal, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.7% per year) and Portugal (+23.5% per year).

Import Prices by Country

In 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, dropping by -25% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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