Greece: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Greece

The Greek metal self-locking nut market declined to $X in 2022, stabilizing at the previous year. Over the period under review, consumption showed a slight contraction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Metal Self-Locking Nut Production in Greece

In value terms, metal self-locking nut production dropped slightly to $X in 2022 estimated in export price. Overall, production recorded a mild descent. The pace of growth was the most pronounced in 2013 with an increase of X%. Metal self-locking nut production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Metal Self-Locking Nut Exports

Exports from Greece

For the fifth consecutive year, Greece recorded growth in shipments abroad of iron or steel nuts (including self-locking nuts), which increased by X% to X tons in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, metal self-locking nut exports soared to $X in 2022. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Bulgaria (X tons), Cyprus (X tons) and Italy (X tons) were the main destinations of metal self-locking nut exports from Greece, with a combined X% share of total exports. Germany, Estonia, Spain, Romania and Hungary lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for metal self-locking nut exported from Greece were Cyprus ($X), Germany ($X) and Italy ($X), together accounting for X% of total exports. Bulgaria, Estonia, Spain, Romania and Hungary lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal self-locking nut export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, showed a deep setback. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to Bulgaria ($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 Spain (X%), while the prices for the other major destinations experienced a decline.

Metal Self-Locking Nut Imports

Imports into Greece

In 2022, overseas purchases of iron or steel nuts (including self-locking nuts) increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports saw a strong expansion. 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.

In value terms, metal self-locking nut imports surged to $X in 2022. Overall, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal self-locking nut to Greece, accounting for a X% share of total imports. Moreover, metal self-locking nut imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold.

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

In value terms, China ($X) constituted the largest supplier of iron or steel nuts (including self-locking nuts) to Greece, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

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

Import Prices by Country

The average metal self-locking nut import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal self-locking nut import price increased by X% against 2020 indices. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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