Greece: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2025

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Greece

In 2022, the Greek stainless steel household articles market increased by 14% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Greece

In value terms, stainless steel household articles production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2016 when the production volume increased by 130%. Stainless steel household articles production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Greece

After four years of growth, shipments abroad of table, kitchen or household articles and parts of stainless steel decreased by -2.1% to X units in 2022. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 91% against the previous year. The exports peaked at X units in 2021, and then shrank modestly in the following year.

In value terms, stainless steel household articles exports rose sharply to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 75% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for stainless steel household articles exports from Greece, with a 28% share of total exports. Moreover, stainless steel household articles exports to Italy exceeded the volume sent to the second major destination, Cyprus (X units), twofold. Bulgaria (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +92.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+17.1% per year) and Bulgaria (-4.9% per year).

In value terms, Cyprus ($X), Italy ($X) and Bulgaria ($X) appeared to be the largest markets for stainless steel household articles exported from Greece worldwide, together accounting for 58% of total exports. Spain, Hungary, Serbia, Romania, Bosnia and Herzegovina, Germany, Poland, Slovakia and Estonia lagged somewhat behind, together accounting for a further 27%.

Slovakia, with a CAGR of +1,291.5%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average stainless steel household articles export price amounted to $X per unit, with an increase of 11% against the previous year. In general, the export price, however, showed a slight reduction. The pace of growth appeared the most rapid in 2016 an increase of 43% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Romania (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Greece

In 2022, the amount of table, kitchen or household articles and parts of stainless steel imported into Greece totaled X units, increasing by 3.9% on 2021. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 19%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, stainless steel household articles imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 28%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of stainless steel household articles to Greece, with a 55% share of total imports. Moreover, stainless steel household articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. India (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.7% per year) and India (+3.2% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Greece, comprising 44% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Turkey, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.6% per year) and Turkey (+6.2% per year).

Import Prices by Country

The average stainless steel household articles import price stood at $X per unit in 2022, surging by 9.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 13% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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