Greece: Stranded Wire Market 2025

Stranded Wire Market Size in Greece

In 2021, the Greek stranded wire market decreased by -10.1% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption showed a abrupt decline. Stranded wire consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Stranded Wire Production in Greece

In value terms, stranded wire production expanded significantly to $X in 2021 estimated in export price. In general, production, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of 66% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Stranded Wire Exports

Exports from Greece

Stranded wire exports from Greece rose remarkably to X tons in 2021, increasing by 12% on 2020. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 49%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, stranded wire exports skyrocketed to $X in 2021. In general, exports showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 43% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for stranded wire exports from Greece, with a 61% share of total exports. Moreover, stranded wire exports to Germany exceeded the volume sent to the second major destination, Australia (X tons), eightfold. The third position in this ranking was held by Marshall Islands (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+10.1% per year) and Marshall Islands (+131.5% per year).

In value terms, Germany ($X) remains the key foreign market for stranded wire, ropes and cables exports from Greece, comprising 58% of total exports. The second position in the ranking was taken by Australia ($X), with a 6.7% share of total exports. It was followed by Marshall Islands, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+16.9% per year) and Marshall Islands (+142.1% per year).

Export Prices by Country

The average stranded wire export price stood at $X per ton in 2021, with an increase of 9.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2013 when the average export price increased by 15%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Singapore ($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 the United States (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Greece

In 2021, after three years of growth, there was significant decline in supplies from abroad of stranded wire, ropes and cables, when their volume decreased by -8.6% to X tons. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 68%. Over the period under review, imports reached the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, stranded wire imports fell to $X in 2021. In general, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.5% against 2015 indices. The pace of growth appeared the most rapid in 2014 with an increase of 37%. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

India (X tons), China (X tons) and Germany (X tons) were the main suppliers of stranded wire imports to Greece, together accounting for 51% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +69.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stranded wire suppliers to Greece were Germany ($X), India ($X) and Turkey ($X), together comprising 52% of total imports.

In terms of the main suppliers, India, with a CAGR of +65.5%, saw the highest growth rate of 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

In 2021, the average stranded wire import price amounted to $X per ton, with an increase of 9.1% against the previous year. In general, the import price, however, saw a noticeable contraction. The growth pace was the most rapid in 2014 an increase of 45%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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