Price for Aluminium; Tubes and Pipes in Greece - 2023

Contents:

1. Price for Aluminium; Tubes and Pipes in Greece (CIF) - 2023
2. Price for Aluminium; Tubes and Pipes in Greece (FOB) - 2022
3. Imports of Aluminium; Tubes and Pipes in Greece
4. Exports of Aluminium; Tubes and Pipes in Greece

Price for Aluminium; Tubes and Pipes in Greece (CIF) - 2023

In July 2023, the average aluminium; tubes and pipes import price amounted to $3,843 per ton, dropping by -48.4% against the previous month. In general, the import price saw a pronounced decrease. The growth pace was the most rapid in September 2022 when the average import price increased by 143% month-to-month. Over the period under review, average import prices attained the maximum at $8,342 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($27,233 per ton), while the price for Italy ($2,707 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Tubes and Pipes in Greece (FOB) - 2022

The average aluminium; tubes and pipes export price stood at $8,728 per ton in 2022, with an increase of 3.5% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium; tubes and pipes export price increased by +26.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 78% against the previous year. As a result, the export price reached the peak level of $10,735 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($16,428 per ton), while the average price for exports to Italy ($2,278 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 Bulgaria (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Tubes and Pipes in Greece

Aluminium; tubes and pipes imports into Greece expanded modestly to 395 tons in 2022, increasing by 3.2% on the year before. Overall, imports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year.

In value terms, aluminium; tubes and pipes imports skyrocketed to $1.9M in 2022. The total import value increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Aluminium; Tubes and Pipes to Greece in 2022:

1. Italy (245.3 tons)
2. Turkey (52.0 tons)
3. Bulgaria (38.1 tons)
4. Belgium (19.3 tons)
5. China (15.9 tons)
6. United States (11.3 tons)

Exports of Aluminium; Tubes and Pipes in Greece

In 2022, the amount of aluminium; tubes and pipeses exported from Greece reduced to 98 tons, waning by -6.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 46% against the previous year. As a result, the exports reached the peak of 105 tons, and then fell in the following year.

In value terms, aluminium; tubes and pipes exports reduced modestly to $857K in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 59% against the previous year. As a result, the exports reached the peak of $889K, and then dropped slightly in the following year.

Top Export Markets for Aluminium; Tubes and Pipes from Greece in 2022:

1. Germany (45.3 tons)
2. Chile (10.2 tons)
3. Cyprus (8.9 tons)
4. Romania (7.7 tons)
5. Bulgaria (7.7 tons)
6. Italy (6.5 tons)
7. Albania (6.0 tons)
8. Malta (5.0 tons)

Source: IndexBox Market Intelligence Platform