Iron or steel household articles market in Greece

Earlier Report Observations

The market for iron or steel household articles in Greece showed relative stability at the start of the period. In 2018, the influence of increased production in Europe and the introduction of new materials like enameled cast iron supported demand for durable goods. The following year, stability in US production and a growing preference for ecological, PFAS-free products contributed to market resilience. However, in 2020, global supply chain disruptions due to the COVID-19 pandemic affected availability, likely restraining growth.

In the subsequent years, European production of iron items decreased in 2021, but rising imports helped offset this. The trend toward durable and ecological materials continued, while the emergence of smart kitchen devices with AI began altering consumer expectations. By 2023, however, the market volume contracted to 9 188 t, which may have reflected broader economic conditions or shifts in consumption patterns.

A sharp rebound occurred in 2024, with market volume surging 28% to 11 825 t. This growth was driven by a significant rise in consumption within Greece, emphasizing cast iron and stainless steel, the launch of new eco-friendly products with non-toxic coatings, and changing consumer preferences toward multifunctionality and offline purchases in specialized stores. Additionally, the strengthening presence of smart home appliances with AI and decoration trends favoring natural, organic shapes further stimulated the market.

Production iron or steel household articles in Greece

In value, 2017-2020, K $ US

In 2019, Greece's production of iron or steel household articles was valued at 3 682 thousand US dollars, marking a 4.0% decrease from 2018. The highest value during this period was recorded in 2018 at 3 837 thousand US dollars, which saw the largest annual increase of 10.5%. Overall, from 2017 to 2019, production grew by 6%, with a compound annual growth rate of 2.0%.

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

In kind, 2017-2020, t

Greece's production volume of iron or steel household articles declined for the second consecutive year. In 2019, output reached 405.9 tonnes, down 3.3% from the previous year. Over the 2017-2019 period, production decreased by 6.6%, equivalent to an annualized decline of 2.3%.

Annual dynamics of production in Greece in kind, 2017-2020, t

Exports iron or steel household articles from Greece

Exports in kind, t

Exports of iron or steel household articles from Greece increased for the third consecutive year. In 2020, shipments totaled 929 tonnes, showing a slight uptick of 2.7% compared to 2019. From 2017 to 2020, exports surged by 94.6%, with a compound annual growth rate of 24.9%.

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

From 2017 to 2020, Bulgaria, Albania, and Cyprus consistently led Greece's export destinations in volume terms. Bulgaria accounted for 22.8% of exports, Albania for 17.8%, and Cyprus for 12.8%. Together, these three countries represented 53.4% 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

The value of iron or steel household articles exported from Greece rose for the third year in a row. In 2020, exports amounted to 4 592 thousand US dollars, up 4.0% from 2019. Over the 2017-2020 period, export value increased by 64.5%, with a compound annual growth rate of 18.0%.

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

During 2017-2020, Cyprus, Bulgaria, and Albania were key buyers of Greek iron or steel household articles in value terms. Cyprus accounted for 19.0% of exports, Bulgaria for 15.6%, and Albania for 14.8%. Their combined share reached 49.4% of total export value, while the remaining 50.6% was distributed among numerous other trading partners.

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 household articles to Greece

Imports in kind, t

After two years of growth, imports of iron or steel household articles into Greece declined. In 2020, imports totaled 9 671 tonnes, a moderate decrease of 9.9% from 2019. The peak volume was recorded in 2019 at 10 735 tonnes, while the largest annual increase occurred in 2018 at 23.5%. Overall, from 2017 to 2020, imports increased by 13.4%, with a compound annual growth rate of 4.3%.

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

From 2017 to 2020, China, Turkey, and Italy dominated Greece's imports of iron or steel household articles in volume terms. China accounted for 45.7% of imports, Turkey for 14.7%, and Italy for 11.2%. Together, these three countries comprised 71.6% 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 household articles declined for the second consecutive year. In 2020, import value stood at 46 942 thousand US dollars, a notable reduction of 10.3% from the previous year. The highest value was recorded in 2018 at 55 474 thousand US dollars, which also saw the largest annual increase of 31.4%. Over the 2017-2020 period, import value grew by 11.2%, with a compound annual growth rate of 3.6%.

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

Over the 2017-2020 period, China, Italy, and Germany were the main sources of iron or steel household articles imported into Greece in value terms. China accounted for 39.7% of imports, Italy for 12.8%, and Germany for 12.0%. Together, these three countries absorbed 64.5% of total import value.

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

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