Iron or steel wire articles market in Greece

Earlier Report Observations

The market for iron or steel wire articles in Greece saw considerable volatility from 2018 to 2024. Market volume started at 3 986 t in 2018, then contracted to 3 003 t in 2019 and 2 882 t in 2020. A sharp rebound followed in 2021, lifting volume to 4 120 t.

After a slight decline to 3 433 t in 2022, growth resumed, with the market reaching 4 036 t in 2023 and then surging to 6 746 t in 2024. This final expansion was supported by a steep increase in imports, which rose from 2 857 t in 2022 to 5 981 t in 2024.

In value terms, the market followed a similar trajectory, growing from USD 11.4 million in 2018 to USD 16.0 million in 2024. The value increase outpaced volume growth in several years, indicating changes in the product mix or average prices.

Production iron or steel wire articles in Greece

In value, 2017-2020, K $ US

In 2020, the output of iron or steel wire articles in Greece was valued at 3 310 thousand US dollars, marking a 4.4% increase compared to 2019. However, production declined by 22.3% overall between 2017 and 2020, which translates to an annualized decrease of 8.1%. The lowest value during this period was recorded in 2019 at 3 169 thousand US dollars, while the peak occurred in 2018 with 5 858 thousand US dollars. The most significant drop was observed in 2019, falling by 45.9%, whereas the largest rise took place in 2018, increasing by 37.5%.

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

In kind, 2017-2020, t

Iron or steel wire articles production in Greece continued its downward trend for the second year in a row. In 2020, Greece produced 894 tonnes of these articles, representing a substantial year-over-year decrease of 13.1%. From 2017 to 2020, production fell by 29.5%, equivalent to an annualized decline of 11.0%. The highest production level was reached in 2018 at 1 583 tonnes. The most pronounced reduction occurred in 2019, dropping by 35.1%, while the strongest growth was seen in 2018, rising by 24.9%.

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

Exports iron or steel wire articles from Greece

Exports in kind, t

Following two years of growth, the volume of iron or steel wire articles exported from Greece declined. In 2020, exports totaled 73 tonnes, showing a sharp drop of 59.6% compared to the previous year. Over the 2017-2020 period, exports decreased by 40.9%, with a compound annual growth rate (CAGR) of -16.1%. The peak export volume was recorded in 2019 at 182 tonnes, which also saw the largest increase of 37.4%.

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

From 2017 to 2020, the Netherlands, Cyprus, and Italy consistently held the top positions in Greece's export structure for iron or steel wire articles by volume. The Netherlands accounted for 41.9% of exports, Cyprus for 21.1%, and Italy for 12.8%. Together, these three countries represented 75.7% 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

Greece's exports of iron or steel wire articles declined for the second consecutive year. In 2020, export value reached 524 thousand US dollars, indicating a dramatic decrease of 43.6% compared to the previous year. Over the 2017-2020 period, exports fell by 38.4%, with a compound annual growth rate (CAGR) of -14.9%. The highest export value was recorded in 2018 at 1 222 thousand US dollars, which also experienced the largest increase of 43.7%.

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

Between 2017 and 2020, the Netherlands was the leading destination for Greece's iron or steel wire articles exports in value terms, accounting for 70.8% of total flows. Other markets contributed smaller shares, forming a long tail of minor 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 wire articles to Greece

Imports in kind, t

Greece's imports of iron or steel wire articles decreased for the second year in a row. In 2020, imports were recorded at 2 062 tonnes, which is 4.4% lower than the previous year. Over the 2017-2020 period, imports declined by 7.1%, with a compound annual growth rate (CAGR) of -2.4%. The peak import volume was in 2018 at 2 535 tonnes. The most significant drop occurred in 2019, falling by 15.0%, while the largest rise was in 2018, increasing by 14.2%.

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

From 2017 to 2020, Croatia, Italy, and China were the primary contributors to Greece's imports of iron or steel wire articles by volume. Croatia accounted for 31.8% of imports, Italy for 19.7%, and China for 13.4%. Collectively, these three countries made up 64.9% 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

Iron or steel wire articles imports into Greece declined for the second consecutive year. In 2020, imports stood at 6 232 thousand US dollars, remaining nearly unchanged compared to 2019. Over the 2017-2020 period, imports increased by 6%, with a compound annual growth rate (CAGR) of 1.9%. The highest import value was recorded in 2018 at 6 740 thousand US dollars. The most substantial decrease was in 2019, dropping by 7.1%, while the largest increase was in 2018, rising by 14.6%.

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

During 2017-2020, Croatia, Italy, and China were the main sources in the geographical breakdown of Greece's iron or steel wire articles imports by value. Croatia represented 23.0% of imports, Italy 18.7%, and China 12.3%. Together, these three countries accounted for 54.0% of total import flows.

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

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