Props for scaffolding, shuttering or pit-propping market in Greece

Earlier Report Observations

From 2018 to 2020, the market volume for iron or steel props in Greece showed consistent growth. In physical terms, the market expanded from 21 075 t in 2018 to 32 650 t in 2020, with the most significant jump of 46% occurring in 2019. In value terms, the market increased from 32.7 million US dollars to 48.6 million US dollars over the same period.

After 2020, production data is not available, but trade statistics reveal shifts in imports and exports. Import volumes peaked at 8 128 t in 2024, more than double the 2023 level. Exports, however, declined from 3 210 t in 2019 to below 1 000 t annually from 2022 onward.

The overall trend from 2018 to 2024 points to growing reliance on imported props, while export activity by Greek producers diminished. Without domestic production figures after 2020, the total market volume for recent years cannot be fully assessed.

Production props for scaffolding, shuttering or pit-propping in Greece

In value, 2017-2020, K $ US

Greece's production of props for scaffolding, shuttering, or pit-propping has increased for the third consecutive year. In 2020, the output was valued at 43 050 thousand US dollars, marking a 4.7% rise compared to the previous year. From 2017 to 2020, production grew by 64.5%, which translates to an annualized growth rate of 18.0%.

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

In kind, 2017-2020, t

Following a two-year upward trend, Greece's production volume of props for scaffolding, shuttering, or pit-propping declined. In 2020, 28 695 tonnes were produced, representing a 3.8% decrease from the previous year. Over the period from 2017 to 2020, production increased by 72%, with a compound annual growth rate of 19.8%. The highest volume was recorded in 2019 at 29 842 tonnes, which also saw the largest increase of 55.5%.

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

Exports props for scaffolding, shuttering or pit-propping from Greece

Exports in kind, t

The market displayed volatility during the observed period. From 2019 to 2020, exports fluctuated significantly, with a peak-to-trough amplitude of 2.3 times. In 2020, Greece exported 1 421 tonnes of props for scaffolding, shuttering, or pit-propping, a sharp decline of 55.7% compared to 2019. The maximum export volume was recorded in 2019 at 3 210 tonnes, which also experienced the largest increase of 94.7%.

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

From 2017 to 2020, the main buyers of props for scaffolding, shuttering, or pit-propping from Greece were Cyprus, accounting for 43.6% of exports in kind, Bulgaria with 12.6%, and Romania with 8.6%. Together, these three countries comprised 64.8% of total exports in kind.

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

In 2020, props for scaffolding, shuttering, or pit-propping shipments from Greece totaled 2 768 thousand US dollars, down by 22.2% compared to 2019. The minimum value was recorded in 2018 at 2 604 thousand US dollars, while the maximum was in 2019 at 3 559 thousand US dollars. The largest increase occurred in 2019, with a rise of 36.7%.

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

From 2017 to 2020, the principal buyers of props for scaffolding, shuttering, or pit-propping from Greece in value terms were Cyprus, representing 41.2% of exports, Bulgaria with 10.7%, and Australia with 8.7%. Collectively, these three countries accounted for 60.6% of total exports in value terms.

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

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

Imports props for scaffolding, shuttering or pit-propping to Greece

Imports in kind, t

Greece's imports of props for scaffolding, shuttering, or pit-propping have increased for the second consecutive year. In 2020, approximately 5 377 tonnes were imported, a 31.1% gain compared to 2019. Over the period from 2017 to 2020, imports grew by 39.3%, with a compound annual growth rate of 11.7%. The minimum import volume was recorded in 2018 at 3 534 tonnes, which also saw the largest decline of 8.4%.

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

From 2017 to 2020, imports in kind of props for scaffolding, shuttering, or pit-propping to Greece were sourced from a diverse range of partner countries. South Korea accounted for 14.1% of imports in kind, Bulgaria for 13.2%, and Italy for 12.6%. Together, these three countries made up just 39.9% 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

Greece's imports of props for scaffolding, shuttering, or pit-propping have increased for the third consecutive year. In 2020, imports stood at 8 267 thousand US dollars, showing a strong increase of 12.5% compared to the previous year. Between 2017 and 2020, imports rose by 32.8%, equating to an annualized growth rate of 9.9%.

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

The country composition of imports in value terms from 2017 to 2020 was dispersed. Germany accounted for 20.4% of imports in value terms, South Korea for 16.7%, and Italy for 12.1%. Together, these three countries formed just 49.2% of total import flows, with the remaining 50.8% distributed among a wide range of other destinations.

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

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