Stainless household articles market in Greece

Earlier Report Observations

The market for stainless steel household articles in Greece experienced notable fluctuations between 2018 and 2022. Volume peaked at 4 039 tons in 2019, then contracted to 3 440 tons in 2020 before a steady recovery to 3 680 tons by 2022. In value terms, the market shrank to 22 720 thousand US dollars in 2020, but vigorous growth followed, surpassing 31 000 thousand US dollars in 2022.

A shift in market dynamics occurred in 2023, when volume dropped to 3 184 tons. This period was marked by evolving consumer preferences, including a move towards responsible and emotional consumption, the digitalization of purchasing, and heightened awareness of social issues like gender equality and Generation Z trends. Recovery followed in 2024, with volume rising to 3 778 tons. This rebound was driven by rising prices for basic consumer goods, which led buyers to seek more affordable products and Greek labels, alongside kitchen decoration trends featuring bold colors and new tile designs that renewed demand for tables and other articles.

Production stainless household articles in Greece

In value, 2017-2020, K $ US

Greece's production of stainless household articles has increased for the third consecutive year. In 2020, the output was valued at 3 556 thousand US dollars, marking a modest increase of 3.3% compared to 2019. Over the period from 2017 to 2020, production grew by 37.7%, with a compound annual growth rate of 11.2%.

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

In kind, 2017-2020, t

Greece's production volume of stainless household articles has risen for the third year in a row. In 2020, Greece produced 352.7 tonnes, which remained nearly unchanged from the previous year. From 2017 to 2020, production increased by 37.7%, corresponding to a compound annual growth rate of 11.2%.

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

Exports stainless household articles from Greece

Exports in kind, t

Greece's export volume of stainless household articles has grown for the third consecutive year. In 2020, Greece exported 455 tonnes, representing a 15.4% increase over 2019. Between 2017 and 2020, exports surged by 63.3%, with an annualized growth rate of 17.8%.

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

From 2017 to 2020, Bulgaria, Serbia, and Cyprus were the primary markets for Greece's stainless household articles exports in volume terms. Bulgaria accounted for 39.9% of exports, Serbia for 8.6%, and Cyprus for 8.2%, collectively representing 56.7% 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

In 2020, Greece's stainless household articles exports amounted to 2 233 thousand US dollars, showing a slight uptick of 1.0% compared to 2019. Over the 2017-2020 period, exports increased by 47.9%, with a compound annual growth rate of 13.9%. The highest value was recorded in 2018 at 2 269 thousand US dollars, while the largest decline occurred in 2019 with a 2.6% drop. The most significant increase was in 2018, with a 50.3% rise.

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

Between 2017 and 2020, Greece's exports of stainless household articles in value terms were not highly concentrated. Bulgaria accounted for 23.1% of exports, Cyprus for 17.3%, and Serbia for 7.3%, together capturing 47.7% of total export flows.

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

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

Imports stainless household articles to Greece

Imports in kind, t

After two years of growth, Greece's import volume of stainless household articles declined. In 2020, Greece imported approximately 3 542 tonnes, indicating a 13.2% decrease year-over-year. From 2017 to 2020, imports increased by 9.6%, with a compound annual growth rate of 3.1%. The peak volume was in 2019 at 4 081 tonnes, while the largest increase was in 2018 with an 18.4% rise.

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

Throughout 2017-2020, China, Turkey, and Germany were the key sources for Greece's stainless household articles imports in volume terms. China represented 46.5% of imports, Turkey 13.1%, and Germany 9.4%, together accounting for 69.0% 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 import volume of stainless household articles has declined for the second consecutive year. In 2020, imports reached 21 397 thousand US dollars, which is 16.3% lower than the previous year. Between 2017 and 2020, imports decreased by 3.8%, equating to an annualized decline of 1.3%. The highest value was recorded in 2018 at 27 127 thousand US dollars, with the largest increase also in 2018 at 21.9%.

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

From 2017 to 2020, the three main markets—China, Germany, and Turkey—collectively absorbed 65.3% of Greece's total imports of stainless household articles in value terms.

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

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