Greece: Iron Household Articles Market 2024

Iron Household Articles Market Size in Greece

In 2021, the Greek iron household articles market increased by 28% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Iron Household Articles Exports

Exports from Greece

In 2021, overseas shipments of table, kitchen or household articles and parts of iron increased by 85% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron household articles exports surged to $X in 2021. In general, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Albania (X tons) was the main destination for iron household articles exports from Greece, accounting for a 26% share of total exports. Moreover, iron household articles exports to Albania exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Albania stood at +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+95.2% per year) and Germany (+26.1% per year).

In value terms, Saudi Arabia ($X), Albania ($X) and Cyprus ($X) were the largest markets for iron household articles exported from Greece worldwide, with a combined 52% share of total exports. These countries were followed by Germany, Italy, Morocco, Bulgaria, Spain, Austria, Serbia, Montenegro, Portugal and Romania, which together accounted for a further 31%.

Morocco, with a CAGR of +208.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average iron household articles export price stood at $X per ton in 2021, with an increase of 3.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 28%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Spain ($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 Romania (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into Greece

In 2021, supplies from abroad of table, kitchen or household articles and parts of iron was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron household articles imports surged to $X in 2021. Overall, imports showed prominent growth. The growth pace was the most rapid in 2018 when imports increased by 48% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest iron household articles supplier to Greece, with a 53% share of total imports. Moreover, iron household articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+18.4% per year) and Italy (-5.5% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of iron to Greece, comprising 55% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.3% per year) and Turkey (+16.3% per year).

Import Prices by Country

In 2021, the average iron household articles import price amounted to $X per ton, with an increase of 2.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :