Greece: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2025

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Greece

The Greek market for tube or pipe fittings (of iron or steel) rose notably to $X in 2022, picking up by 5.8% against the previous year. Overall, consumption, however, posted a resilient expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Greece

In value terms, iron or steel tube fitting production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a deep reduction. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Greece

In 2022, the amount of tube or pipe fittings (of iron or steel) exported from Greece reduced remarkably to X tons, dropping by -36.7% compared with 2021 figures. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 39%. The exports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, iron or steel tube fitting exports dropped sharply to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 49%. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Germany (X tons), Cyprus (X tons) and Albania (X tons) were the main destinations of iron or steel tube fitting exports from Greece, with a combined 40% share of total exports. Bulgaria, France, Serbia, the Netherlands, Australia, North Macedonia, Ireland, Libya, Portugal and Spain lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the biggest increases were recorded for Libya (with a CAGR of +65.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel tube fitting exported from Greece were Cyprus ($X), Germany ($X) and Serbia ($X), with a combined 40% share of total exports. Bulgaria, Albania, France, North Macedonia, Libya, the Netherlands, Portugal, Ireland, Australia and Spain lagged somewhat behind, together comprising a further 44%.

Libya, with a CAGR of +37.1%, saw the highest rates of growth with regard to 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 export price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2018 when the average export price increased by 38% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to France ($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 Albania (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Greece

In 2022, imports of tube or pipe fittings (of iron or steel) into Greece fell significantly to X tons, waning by -17.6% compared with 2021. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 82%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel tube fitting imports declined slightly to $X in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 99%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Bulgaria (X tons) were the main suppliers of iron or steel tube fitting imports to Greece, together comprising 79% of total imports. Turkey, Belgium, Germany, the Netherlands and France lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +22.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel tube fitting suppliers to Greece were Italy ($X), China ($X) and Bulgaria ($X), together accounting for 66% of total imports. Turkey, Germany, Belgium, the Netherlands and France lagged somewhat behind, together accounting for a further 19%.

Turkey, with a CAGR of +22.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for tube or pipe fittings (of iron or steel) stood at $X per ton in 2022, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2017 an increase of 18%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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