Greece: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Greece

The Greek iron and steel wire market skyrocketed to $X in 2020, growing by X% against the previous year. In general, consumption, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Greece

In value terms, iron and steel wire production skyrocketed to $X in 2020 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2013 to 2020, production growth remained at a somewhat lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Greece

In 2020, after three years of growth, there was significant decline in shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume decreased by -X% to X tons. Overall, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at X tons in 2019, and then dropped in the following year.

In value terms, iron and steel wire exports contracted to $X in 2020. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Romania (X tons), North Macedonia (X tons) and Algeria (X tons) were the main destinations of iron and steel wire exports from Greece, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Romania, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel wire exported from Greece were Romania ($X), North Macedonia ($X) and Algeria ($X), together accounting for X% of total exports. These countries were followed by Serbia, Italy, Albania and Cyprus, which together accounted for a further X recorded 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 2020, the average iron and steel wire export price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price saw a mild contraction. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Cyprus ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Greece

In 2020, the amount of wire of iron or non-alloy steel (stainless steel or other alloy steel) imported into Greece stood at X tons, approximately equating 2019 figures. Over the period under review, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, iron and steel wire imports dropped to $X in 2020. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Turkey (X tons) constituted the largest iron and steel wire supplier to Greece, accounting for a X% share of total imports. Moreover, iron and steel wire imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The Czech Republic (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 Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the Czech Republic (+X% per year).

In value terms, Turkey ($X), France ($X) and Italy ($X) constituted the largest iron and steel wire suppliers to Greece, with a combined X% share of total imports. These countries were followed by the Czech Republic, China, North Macedonia, Portugal, Ukraine, Spain, Bulgaria, Austria, Albania and Egypt, which together accounted for a further X recorded the highest rates of growth with regard to 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 iron and steel wire import price stood at $X per ton in 2020, waning by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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