Greece: Overview of the Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2021

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Greece

In 2020, after two years of decline, there was significant growth in the Greek market for railway or tramway track construction material of iron or steel, when its value increased by X% to $X. Over the period under review, consumption, however, showed a deep contraction. The pace of growth was the most pronounced in 2015 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Greece

In 2020, shipments abroad of railway or tramway track construction material of iron or steel decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, exports of railway or tramway track construction material of iron or steel declined sharply to $X in 2020. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for exports of railway or tramway track construction material of iron or steel from Greece, with a X% share of total exports. Moreover, exports of railway or tramway track construction material of iron or steel to Germany exceeded the volume sent to the second major destination, Cyprus (X tonnes), eightfold. Italy (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+X% per year) and Italy (-X% per year).

In value terms, Germany ($X) emerged as the key foreign market for iron and steel railway construction materials exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by Cyprus ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+X% per year) and Bulgaria (+X% per year).

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per tonne in 2020, rising by X% against the previous year. Overall, the export price, however, showed a slight decline. The growth pace was the most rapid in 2010 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Bulgaria ($X per tonne), while the average price for exports to Cyprus ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Greece

For the third year in a row, Greece recorded decline in supplies from abroad of railway or tramway track construction material of iron or steel, which decreased by -X% to X tonnes in 2020. In general, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel dropped to $X in 2020. Over the period under review, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tonnes), Poland (X tonnes) and Austria (X tonnes) were the main suppliers of imports of railway or tramway track construction material of iron or steel to Greece, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Spain ($X) and Austria ($X) constituted the largest iron and steel railway construction materials suppliers to Greece, with a combined X% share of total imports.

Poland (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for railway or tramway track construction material of iron or steel amounted to $X per tonne, waning by -X% against the previous year. In general, import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2015 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Austria ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway track construction material of iron or steel in the world?

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The country with the largest volume of consumption of railway or tramway track construction material of iron or steel was China (6M tonnes), comprising approx. 33% of total volume. Moreover, consumption of railway or tramway track construction material of iron or steel in China exceeded the figures recorded by the second-largest consumer, Russia (1.3M tonnes), fivefold. The third position in this ranking was occupied by the U.S. (1.2M tonnes), with a 6.8% share.

What are the largest producers of railway or tramway track construction material of iron or steel in the world?

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The country with the largest volume of production of railway or tramway track construction material of iron or steel was China (6.3M tonnes), comprising approx. 34% of total volume. Moreover, production of railway or tramway track construction material of iron or steel in China exceeded the figures recorded by the second-largest producer, Russia (1.5M tonnes), fourfold. The third position in this ranking was occupied by the U.S. (1.3M tonnes), with a 6.7% share.

What are the leading suppliers of railway or tramway track construction material of iron or steel to Greece?

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In value terms, the largest iron and steel railway construction materials suppliers to Greece were Poland ($641K), Spain ($477K) and Austria ($475K), with a combined 60% share of total imports.

What are the leading importers of railway or tramway track construction material of iron or steel from Greece?

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In value terms, Germany ($221K) emerged as the key foreign market for iron and steel railway construction materials exports from Greece, comprising 88% of total exports. The second position in the ranking was occupied by Cyprus ($13K), with a 5.2% share of total exports. It was followed by Bulgaria, with a 2.9% share.

What is the average export price for railway or tramway track construction material of iron or steel in Greece?

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In 2020, the average export price for railway or tramway track construction material of iron or steel amounted to $1,400 per tonne, increasing by 8.2% against the previous year.

What is the average import price for railway or tramway track construction material of iron or steel in Greece?

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In 2020, the average import price for railway or tramway track construction material of iron or steel amounted to $1,414 per tonne, reducing by -11.5% against the previous year.