Greece - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Hot-Rolled Wire Rod in Coils in Greece - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Greece (FOB) - 2023
- Price for Hot-Rolled Wire Rod in Coils in Greece (CIF) - 2023
- Exports of Hot-Rolled Wire Rod in Coils in Greece
- Imports of Hot-Rolled Wire Rod in Coils in Greece
Price for Hot-Rolled Wire Rod in Coils in Greece (FOB) - 2023
In December 2023, the average export price for hot-rolled wire rods in coils amounted to $678 per ton, picking up by 4.6% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 5.4% against the previous month. Over the period under review, the average export prices hit record highs at $735 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Belgium ($4,540 per ton), while the average price for exports to Serbia ($584 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Greece (CIF) - 2023
The average import price for hot-rolled wire rods in coils stood at $712 per ton in December 2023, with an increase of 4.7% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average import price increased by 20% m-o-m. The import price peaked at $791 per ton in May 2023; however, from June 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Hungary ($750 per ton) and Italy ($731 per ton), while the price for Turkey ($666 per ton) and Bulgaria ($681 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Algeria (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Hot-Rolled Wire Rod in Coils in Greece
In 2022, after three years of growth, there was significant decline in overseas shipments of hot-rolled wire rods in coils, when their volume decreased by -20.9% to 473K tons. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 34%. As a result, the exports reached the peak of 597K tons, and then declined dramatically in the following year.
In value terms, hot-rolled wire rod in coils exports contracted to $395M in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 102% against the previous year. As a result, the exports reached the peak of $442M, and then contracted in the following year.
Export of Hot-Rolled Wire Rod in Coils in Greece (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 82.3 | 96.8 | 182 | 128 | 15.9% |
Bulgaria | 36.0 | 39.7 | 63.0 | 66.8 | 22.9% |
Netherlands | N/A | N/A | 15.7 | 47.8 | 204.5% |
Israel | 16.1 | 24.0 | 73.7 | 27.9 | 20.1% |
Belgium | N/A | N/A | 17.1 | 25.6 | 49.7% |
North Macedonia | 11.7 | 11.9 | 21.5 | 19.1 | 17.7% |
Malta | 6.8 | 6.5 | 11.0 | 13.0 | 24.1% |
Serbia | 23.6 | 13.8 | 14.0 | 9.2 | -26.9% |
Poland | N/A | N/A | 3.3 | 8.3 | 151.5% |
Cyprus | 6.5 | 5.6 | 9.9 | 8.3 | 8.5% |
United Kingdom | N/A | 2.6 | 2.4 | 7.8 | 73.2% |
Italy | 0.5 | 4.5 | 0.6 | 6.9 | 139.9% |
Kosovo | N/A | 4.1 | 7.3 | 6.1 | 22.0% |
Others | 36.0 | 8.8 | 20.3 | 20.4 | -17.2% |
Total | 220 | 218 | 442 | 395 | 21.5% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Greece in 2022:
- Romania (150.5K tons)
- Bulgaria (76.3K tons)
- Netherlands (57.5K tons)
- Israel (34.0K tons)
- Belgium (31.8K tons)
- North Macedonia (24.1K tons)
- Malta (15.5K tons)
- Serbia (11.5K tons)
- United Kingdom (10.8K tons)
- Cyprus (10.5K tons)
- Italy (8.8K tons)
- Poland (8.5K tons)
- Kosovo (7.7K tons)
Imports of Hot-Rolled Wire Rod in Coils in Greece
In 2022, the amount of hot-rolled wire rods in coils imported into Greece declined remarkably to 31K tons, dropping by -34.8% compared with 2021. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 21%. As a result, imports reached the peak of 48K tons, and then reduced sharply in the following year.
In value terms, hot-rolled wire rod in coils imports reduced notably to $29M in 2022. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 98%. As a result, imports reached the peak of $38M, and then contracted markedly in the following year.
Import of Hot-Rolled Wire Rod in Coils in Greece (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Algeria | N/A | N/A | 3.0 | 7.9 | 163.3% |
Spain | 7.9 | 3.9 | 8.9 | 6.0 | -8.8% |
Turkey | 4.1 | 1.7 | 1.4 | 4.2 | 0.8% |
Russia | 1.0 | 7.8 | 11.6 | 3.8 | 56.0% |
Hungary | N/A | N/A | 0.8 | 2.8 | 250.0% |
Bulgaria | 0.1 | 2.2 | 6.0 | 1.7 | 157.1% |
Ukraine | 5.8 | 2.0 | 5.4 | 1.0 | -44.3% |
Italy | 2.5 | 1.5 | 0.8 | 0.5 | -41.5% |
Others | 2.8 | 0.2 | 0.1 | 1.0 | -29.1% |
Total | 24.1 | 19.3 | 38.2 | 28.9 | 6.2% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Greece in 2022:
- Algeria (8.8K tons)
- Spain (5.2K tons)
- Turkey (4.6K tons)
- Russia (4.4K tons)
- Hungary (3.2K tons)
- Bulgaria (2.0K tons)
- Ukraine (1.2K tons)
- Italy (0.7K tons)
This report provides an in-depth analysis of the hot-rolled wire rod market 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 2025.
Product coverage:
- Prodcom 2410T231 - Hot-rolled wire rod
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
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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
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