Greece: Market for Iron or Steel Wire Products 2024

Market Size for Iron or Steel Wire Products in Greece

In 2022, the Greek market for iron or steel wire products increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a resilient expansion. Iron or steel wire product consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Iron or Steel Wire Products in Greece

In value terms, iron or steel wire product production expanded significantly to $X in 2022 estimated in export price. Overall, production recorded resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Iron or Steel Wire Products

Exports from Greece

In 2022, shipments abroad of iron or steel wire products increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, iron or steel wire product exports surged to $X in 2022. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons), Bulgaria (X tons) and Cyprus (X tons) were the main destinations of iron or steel wire product exports from Greece, with a combined X% share of total exports. Germany, Iraq, Italy and Hungary lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel wire product exported from Greece were Cyprus ($X), Bulgaria ($X) and Germany ($X), together comprising X% of total exports. Romania, Iraq, Italy and Hungary lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for iron or steel wire products amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then reduced sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Romania ($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 Cyprus (X%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Wire Products

Imports into Greece

In 2022, overseas purchases of iron or steel wire products increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed prominent growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, iron or steel wire product imports totaled $X in 2022. Overall, imports saw buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Croatia (X tons) and Turkey (X tons) were the main suppliers of iron or steel wire product imports to Greece, with a combined X% share of total imports. Italy, Poland, Serbia, Austria, Spain, France, Germany, the Czech Republic and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Croatia ($X) and Italy ($X) appeared to be the largest iron or steel wire product suppliers to Greece, with a combined X% share of total imports. Turkey, Poland, France, Spain, Germany, Austria, Serbia, the Czech Republic and Romania lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Serbia, with a CAGR of X%, saw 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

The average import price for iron or steel wire products stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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