Greece - Hot-Rolled Steel Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Hot-Rolled Steel Bar and Rod in Greece - 2023
Contents:
- Price for Hot-Rolled Steel Bar and Rod in Greece (FOB) - 2023
- Price for Hot-Rolled Steel Bar and Rod in Greece (CIF) - 2023
- Exports of Hot-Rolled Steel Bar and Rod in Greece
- Imports of Hot-Rolled Steel Bar and Rod in Greece
Price for Hot-Rolled Steel Bar and Rod in Greece (FOB) - 2023
In July 2023, the average export price for hot-rolled steel bars and rods amounted to $667 per ton, therefore, remained relatively stable against the previous month. Overall, the export price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in April 2023 an increase of 6.1% m-o-m. The export price peaked at $755 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In July 2023, the countries with the highest prices were Malta ($700 per ton) and North Macedonia ($676 per ton), while the average price for exports to Albania ($650 per ton) and Bulgaria ($657 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-0.1%), while the prices for the other major destinations experienced a decline.
Price for Hot-Rolled Steel Bar and Rod in Greece (CIF) - 2023
The average import price for hot-rolled steel bars and rods stood at $708 per ton in July 2023, dropping by -11.6% against the previous month. In general, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 8.5% month-to-month. The import price peaked at $992 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from North Macedonia ($841 per ton) and Turkey ($798 per ton), while the price for Algeria ($613 per ton) and Egypt ($634 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by North Macedonia (-0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Hot-Rolled Steel Bar and Rod in Greece
In 2022, approx. 749K tons of hot-rolled steel bars and rods were exported from Greece; which is down by -12.6% compared with 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of 857K tons, and then dropped in the following year.
In value terms, hot-rolled steel bar and rod exports rose significantly to $664M in 2022. Over the period under review, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 77%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.
Export of Hot-Rolled Steel Bar and Rod in Greece (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 118 | 145 | 225 | 190 | 17.2% |
Bulgaria | 52.4 | 50.3 | 88.7 | 102 | 24.9% |
Cyprus | 47.4 | 33.7 | 47.1 | 57.5 | 6.7% |
Netherlands | N/A | N/A | 15.7 | 51.7 | 229.3% |
Malta | 12.1 | 12.9 | 25.5 | 50.1 | 60.6% |
North Macedonia | 24.4 | 24.2 | 41.5 | 37.8 | 15.7% |
Belgium | N/A | N/A | 17.1 | 29.9 | 74.9% |
Israel | 26.9 | 24.0 | 73.8 | 28.9 | 2.4% |
Albania | 22.8 | 24.9 | 33.2 | 27.1 | 5.9% |
Serbia | 27.7 | 14.1 | 15.2 | 10.2 | -28.3% |
Algeria | 45.9 | N/A | N/A | N/A | 0% |
Others | 13.7 | 26.2 | 46.8 | 79.0 | 79.3% |
Total | 391 | 355 | 629 | 664 | 19.3% |
Top Export Markets for Hot-Rolled Steel Bar and Rod from Greece in 2022:
- Romania (211.7K tons)
- Bulgaria (108.2K tons)
- Cyprus (66.2K tons)
- Netherlands (57.5K tons)
- Malta (56.7K tons)
- North Macedonia (44.6K tons)
- Albania (34.8K tons)
- Belgium (34.4K tons)
- Israel (34.0K tons)
- Serbia (11.9K tons)
Imports of Hot-Rolled Steel Bar and Rod in Greece
In 2022, overseas purchases of hot-rolled steel bars and rods decreased by -16.8% to 110K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 17%. As a result, imports attained the peak of 151K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, hot-rolled steel bar and rod imports stood at $107M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Hot-Rolled Steel Bar and Rod in Greece (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 28.9 | 38.9 | 33.7 | 27.1 | -2.1% |
Bulgaria | 3.4 | 6.2 | 13.4 | 20.6 | 82.3% |
North Macedonia | 11.5 | 9.4 | 15.8 | 17.2 | 14.4% |
Turkey | 8.7 | 6.7 | 7.7 | 12.6 | 13.1% |
Algeria | N/A | N/A | 3.0 | 8.9 | 196.7% |
Spain | 8.0 | 4.0 | 10.3 | 6.3 | -7.7% |
Russia | 1.9 | 9.8 | 12.7 | 6.1 | 47.5% |
Ukraine | 5.8 | 2.0 | 5.4 | 1.1 | -42.5% |
Others | 5.1 | 1.9 | 4.2 | 7.0 | 11.1% |
Total | 73.1 | 78.8 | 106 | 107 | 13.5% |
Top Suppliers of Hot-Rolled Steel Bar and Rod to Greece in 2022:
- Italy (29.9K tons)
- Bulgaria (22.0K tons)
- North Macedonia (17.7K tons)
- Turkey (13.1K tons)
- Algeria (8.8K tons)
- Russia (7.0K tons)
- Spain (5.2K tons)
- Ukraine (1.2K tons)
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
- Prodcom 24106230 - Hot-rolled bars in free-cutting steels
- Prodcom 24106250 - Forged bars of steel and hot-rolled bars (excluding hollow drill bars and rods) of non-alloy steel (of other than of free-cutting steel)
- Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel
- Prodcom 24106410 - Hot-rolled round bars, of stainless steel
- Prodcom 24106430 - Bars and rods of stainless steel, only hot-rolled, only hotdrawn or only extruded (excluding of circular cross-section)
- Prodcom 24106510 - Bars and rods of high-speed steel, hot-rolled, in irregularly wound coils
- Prodcom 24106530 - Bars and rods of silico-manganese steel, hot-rolled, in irregularly wound coils
- Prodcom 24106550 - Hot-rolled wire rod, of bearing steel
- Prodcom 24106570 - Bars and rods of alloy steel other than stainless, hot-rolled, in irregularly wound coils (excluding products of bearing steel, h igh-speed steel or silico-manganese steel)
- Prodcom 24106630 - Hot-rolled bars in bearing steels
- Prodcom 24106640 - Hot-rolled bars in tool steels
- Prodcom 24106650 - Hot-rolled bars (excluding hollow drill bars and rods) of alloy steel (other than of stainless, tool, silico-manganese, bearing and high speed steel)
Country coverage:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Greece.
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod in Greece.
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This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
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Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
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China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.