Greece: Extruded Rod Market 2024

Extruded Rod Market Size in Greece

The Greek extruded rod market fell to $X in 2022, dropping by X% against the previous year. In general, consumption saw a perceptible downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Extruded Rod Production in Greece

In value terms, extruded rod production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Extruded rod production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Extruded Rod Exports

Exports from Greece

In 2022, overseas shipments of extruded rods and profile shapes of cellular vulcanised rubber increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, extruded rod exports surged to $X in 2022. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Albania (X tons) was the main destination for extruded rod exports from Greece, accounting for a X% share of total exports. Moreover, extruded rod exports to Albania exceeded the volume sent to the second major destination, Canada (X tons), threefold. North Macedonia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Albania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and North Macedonia (X% per year).

In value terms, Albania ($X) emerged as the key foreign market for extruded rods and profile shapes of cellular vulcanised rubber exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Marshall Islands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Albania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Marshall Islands (X% per year).

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a perceptible decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Marshall Islands ($X per ton), while the average price for exports to Italy ($X 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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into Greece

In 2022, overseas purchases of extruded rods and profile shapes of cellular vulcanised rubber were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, faced a precipitous shrinkage. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, extruded rod imports surged to $X in 2022. Over the period under review, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest extruded rod supplier to Greece, with a X% share of total imports. Moreover, extruded rod imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, the largest extruded rod suppliers to Greece were Italy ($X), Germany ($X) and Belgium ($X), together comprising X% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average extruded rod import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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