Greece: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Greece

The Greek unwrought aluminium alloys market surged to $X in 2020, increasing by X% against the previous year. Overall, the total consumption indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Unwrought aluminium alloys consumption peaked in 2020 and is expected to retain growth in the immediate term.

Unwrought Aluminium Alloys Production in Greece

In value terms, unwrought aluminium alloys production reduced to $X in 2020 estimated in export prices. Over the period under review, production posted resilient growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Unwrought Aluminium Alloys Exports

Exports from Greece

In 2020, shipments abroad of unwrought aluminium alloys increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. Overall, total exports indicated notable growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, unwrought aluminium alloys exports reduced slightly to $X in 2020. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Italy (X tons) was the main destination for unwrought aluminium alloys exports from Greece, accounting for a X% share of total exports. Moreover, unwrought aluminium alloys exports to Italy exceeded the volume sent to the second major destination, Serbia (X tons), ninefold. The third position in this ranking was occupied by Croatia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+X% per year) and Croatia (+X% per year).

In value terms, Italy ($X) remains the key foreign market for unwrought aluminium alloys exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by Serbia ($X), with a X% share of total exports. It was followed by Croatia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+X% per year) and Croatia (+X% per year).

Export Prices by Country

The average unwrought aluminium alloys export price stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the countries with the highest prices were Albania ($X per ton) and Croatia ($X per ton), while the average price for exports to Bulgaria ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Greece

In 2020, purchases abroad of unwrought aluminium alloys increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a noticeable increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, unwrought aluminium alloys imports expanded sharply to $X in 2020. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Russia (X tons) constituted the largest unwrought aluminium alloys supplier to Greece, accounting for a X% share of total imports. Moreover, unwrought aluminium alloys imports from Russia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and India (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of unwrought aluminium alloys to Greece, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Russia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and India (+X% per year).

Import Prices by Country

In 2020, the average unwrought aluminium alloys import price amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from the United Arab Emirates ($X per ton) and Russia ($X per ton), while the price for Bulgaria ($X per ton) and India ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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