Price for Iron or Steel; Cast Articles in Greece - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Greece (CIF) - 2022
- Price for Iron or Steel; Cast Articles in Greece (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Greece
- Exports of Iron or Steel; Cast Articles in Greece
Price for Iron or Steel; Cast Articles in Greece (CIF) - 2022
In 2022, the average import price for iron or steel; cast articleses amounted to $1,900 per ton, increasing by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($2,742 per ton), while the price for India ($1,558 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Greece (FOB) - 2022
The average export price for iron or steel; cast articleses stood at $9,942 per ton in 2022, growing by 129% against the previous year. Over the period under review, the export price, however, showed a deep reduction. The export price peaked at $87,329 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($13,922 per ton), while the average price for exports to North Macedonia ($2,904 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 Kosovo (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Greece
In 2022, imports of iron or steel; cast articleses into Greece rose notably to 10K tons, with an increase of 14% compared with the previous year. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, iron or steel; cast articles imports skyrocketed to $20M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.5 | 2.2 | 3.8 | 7.0 | 40.9% |
| Turkey | 3.1 | 2.1 | 2.7 | 4.8 | 15.7% |
| Italy | 1.2 | 1.3 | 1.8 | 1.9 | 16.6% |
| China | 2.2 | 2.3 | 1.2 | 1.9 | -4.8% |
| Belgium | 1.1 | 1.1 | 1.3 | 1.6 | 13.3% |
| Croatia | 2.5 | N/A | N/A | 0.8 | -31.6% |
| Thailand | 0.5 | 0.3 | 0.8 | 0.7 | 11.9% |
| France | 0.2 | N/A | 0.2 | 0.4 | 26.0% |
| Others | 1.3 | 2.3 | 2.8 | 0.8 | -14.9% |
| Total | 14.5 | 11.6 | 14.6 | 19.8 | 10.9% |
Top Suppliers of Iron or Steel; Cast Articles to Greece in 2022:
- Croatia (undefinedK tons)
- India (4.5K tons)
- Turkey (2.4K tons)
- Belgium (0.8K tons)
- China (0.8K tons)
- Italy (0.7K tons)
- Thailand (0.4K tons)
- France (0.2K tons)
Exports of Iron or Steel; Cast Articles in Greece
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or steel; cast articleses, when their volume decreased by -54% to 399 tons. Overall, exports saw a pronounced slump. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year. As a result, the exports reached the peak of 867 tons, and then contracted dramatically in the following year.
In value terms, iron or steel; cast articles exports amounted to $4M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.7% 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 +54.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Iron or Steel; Cast Articles in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 191 | 18.2 | 588 | 525 | 40.1% |
| Switzerland | 9.7 | 26.6 | 67.1 | 434 | 255.0% |
| Slovenia | 25.5 | 72.9 | 123 | 322 | 132.9% |
| Germany | 452 | 385 | 621 | 311 | -11.7% |
| Italy | 0.1 | 1.9 | 203 | 280 | 1309.5% |
| North Macedonia | 179 | 263 | 110 | 221 | 7.3% |
| Malta | 70.4 | 51.1 | 10.6 | 202 | 42.1% |
| United States | 513 | 73.1 | 7.2 | 197 | -27.3% |
| Turkey | 95.4 | 27.6 | 131 | 196 | 27.1% |
| Marshall Islands | 17.0 | 12.0 | 4.2 | 164 | 112.9% |
| Singapore | 4.4 | 2.6 | 44.2 | 137 | 214.6% |
| Cyprus | 162 | 127 | 19.0 | 106 | -13.2% |
| Kosovo | N/A | 37.7 | 61.4 | 63.3 | 29.6% |
| Others | 979 | 1,467 | 1,770 | 808 | -6.2% |
| Total | 2,698 | 2,566 | 3,758 | 3,967 | 13.7% |
Top Export Markets for Iron or Steel; Cast Articles from Greece in 2022:
- North Macedonia (76.1 tons)
- Germany (48.3 tons)
- Austria (41.2 tons)
- Turkey (40.3 tons)
- Switzerland (34.8 tons)
- Marshall Islands (29.9 tons)
- Slovenia (28.0 tons)
- Italy (23.6 tons)
- Malta (21.8 tons)
- Cyprus (19.1 tons)
- United States (14.1 tons)
- Singapore (12.9 tons)
- Kosovo (11.3 tons)
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This report provides an in-depth analysis of the market for non-malleable cast iron articles in Greece.
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This report provides an in-depth analysis of the global market for non-malleable cast iron articles.
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