Greece: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Greece

In 2021, the Greek market for sanitary ware and parts of iron or steel increased by 19% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.0% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Sanitary Ware And Parts Of Iron Or Steel in Greece

In value terms, iron or steel sanitary ware production soared to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2018 with an increase of 60% against the previous year. Iron or steel sanitary ware production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Greece

Iron or steel sanitary ware exports from Greece surged to X tons in 2021, increasing by 27% against 2020 figures. In general, exports, however, showed a deep reduction. The growth pace was the most rapid in 2019 when exports increased by 45%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, iron or steel sanitary ware exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), Bulgaria (X tons) and Germany (X tons) were the main destinations of iron or steel sanitary ware exports from Greece, with a combined 66% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +36.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for sanitary ware and parts of iron or steel exports from Greece, comprising 37% of total exports. The second position in the ranking was taken by Cyprus ($X), with an 11% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+9.8% per year) and Germany (-15.7% per year).

Export Prices by Country

In 2021, the average export price for sanitary ware and parts of iron or steel amounted to $X per ton, which is down by -3.4% against the previous year. Over the period under review, the export price saw a mild reduction. The growth pace was the most rapid in 2018 an increase of 17%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Bulgaria ($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 Albania (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Greece

In 2021, after two years of decline, there was significant growth in purchases abroad of sanitary ware and parts of iron or steel, when their volume increased by 25% to X tons. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by 52%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, iron or steel sanitary ware imports skyrocketed to $X in 2021. Over the period under review, imports saw a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 45%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest iron or steel sanitary ware supplier to Greece, accounting for a 49% share of total imports. Moreover, iron or steel sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Bulgaria (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.8% per year) and Bulgaria (+61.1% per year).

In value terms, China ($X), Italy ($X) and Bulgaria ($X) appeared to be the largest iron or steel sanitary ware suppliers to Greece, together comprising 74% of total imports.

Bulgaria, with a CAGR of +38.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for sanitary ware and parts of iron or steel amounted to $X per ton, with an increase of 12% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 13% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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