Iron or steel containers with capacity ≤300 l market in Greece

Earlier Report Observations

The market for iron or steel containers with a capacity not exceeding 300 liters in Greece showed steady growth from 2018 to 2022. Market size increased from 161.3 million US dollars in 2018 to 165.6 million in 2020, before a more substantial rise to 208.8 million by 2022. This expansion coincided with a recovery in domestic production, which reached 173.9 million dollars in 2022 after a slight dip in 2020.

Imports into Greece rose significantly over the period, climbing from 27.8 million dollars in 2018 to a peak of 48.2 million in 2022, highlighting strong domestic demand. While import values moderated slightly in 2023 and 2024, they remained above 40 million dollars. Exports also grew modestly, from 9.4 million dollars in 2018 to 13.5 million in 2024, indicating a stable but smaller outward trade flow.

The overall period from 2018 to 2024 was characterized by market growth, particularly in the early 2020s. The increase in market size by 2022 was supported by both higher import volumes and a rebound in local production, which exceeded its 2018 level.

Production iron or steel containers with capacity ≤300 l in Greece

In value, 2017-2020, M $ US

In 2020, Greece's production of iron or steel containers with a capacity of ≤300 liters was valued at 138.8 million US dollars, remaining nearly unchanged from the previous year. Between 2018 and 2020, production decreased by 2.9%, which translates to an annualized decline of 1.0%.

Annual dynamics of production in Greece in value, 2017-2020, M $ US

Exports iron or steel containers with capacity ≤300 l from Greece

Exports in kind, t

After rising for two consecutive years, Greece's exports of iron or steel containers with a capacity of ≤300 liters declined in 2020. The export volume reached 3 493 tons, marking an 8.9% decrease compared to 2019. Over the period from 2017 to 2020, exports increased by 8.2%, with an annualized growth rate of 2.7%. The peak volume was recorded in 2019 at 3 833 tons, which also saw the largest annual increase of 15.2%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

From 2017 to 2020, Bulgaria, Italy, and Germany were the key export partners for Greece in terms of volume. Bulgaria accounted for 34.7% of exports, Italy for 8.8%, and Germany for 7.0%. Together, these three countries represented 50.6% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

Following a two-year upward trend, Greece's exports of iron or steel containers with a capacity of ≤300 liters declined in 2020. The export value stood at 9 312 thousand US dollars, reflecting a significant drop of 16.6% from 2019. Between 2017 and 2020, exports grew by 8.3%, with a compound annual growth rate of 2.7%. The highest value was recorded in 2019 at 11 165 thousand US dollars, which also experienced the largest annual increase of 18.7%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

From 2017 to 2020, Bulgaria, Cyprus, and Germany were the main buyers of iron or steel containers with a capacity of ≤300 liters from Greece in value terms. Bulgaria contributed 31.6% of export value, Cyprus 14.1%, and Germany 8.3%. Collectively, these three markets accounted for 54.1% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports iron or steel containers with capacity ≤300 l to Greece

Imports in kind, t

In 2020, Greece's imports of iron or steel containers with a capacity of ≤300 liters amounted to 14 809 tons, representing a 20.2% increase from 2019. Between 2017 and 2020, imports surged by 78%, with an annualized growth rate of 21.2%. The largest annual decline occurred in 2019 at 0.6%, while the largest increase was in 2018 at 49.0%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

From 2017 to 2020, Turkey, Italy, and Bulgaria were the primary sources for Greece's imports in volume. Turkey accounted for 32.7% of imports, Italy for 28.5%, and Bulgaria for 25.8%. Together, these three countries made up 87.0% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

Greece's imports of iron or steel containers with a capacity of ≤300 liters increased for the third consecutive year in 2020. The import value reached 36 113 thousand US dollars, up by 19.8% compared to the previous year. Over the period from 2017 to 2020, imports rose by 74.2%, with an annualized growth rate of 20.3%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

From 2017 to 2020, Bulgaria, Turkey, and Italy were the main sources for Greece's imports in value terms. Bulgaria accounted for 27.1% of import value, Turkey for 26.3%, and Italy for 26.0%. Combined, these three countries absorbed 79.4% of total import value for iron or steel containers with a capacity of ≤300 liters.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020