Price for Chain and Parts Thereof, of Iron or Steel in Greece - 2023

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Greece (CIF) - 2023
2. Price for Chain and Parts Thereof, of Iron or Steel in Greece (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Greece
4. Exports of Chain and Parts Thereof, of Iron or Steel in Greece

Price for Chain and Parts Thereof, of Iron or Steel in Greece (CIF) - 2023

In December 2023, the average import price for chain and parts thereof, of iron or steel amounted to $2,020 per ton, growing by 4.9% against the previous month. Over the period under review, the import price, however, recorded a slight decrease. The growth pace was the most rapid in September 2023 when the average import price increased by 29% m-o-m. Over the period under review, average import prices hit record highs at $2,540 per ton in October 2023; however, from November 2023 to December 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($8,493 per ton), while the price for China ($1,353 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Turkey (+21.1%), while the prices for the other major suppliers experienced a decline.

Price for Chain and Parts Thereof, of Iron or Steel in Greece (FOB) - 2022

The average export price for chain and parts thereof, of iron or steel stood at $2,201 per ton in 2022, surging by 17% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for chain and parts thereof, of iron or steel increased by +38.7% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 28% against the previous year. As a result, the export price attained the peak level of $2,465 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($3,474 per ton), while the average price for exports to Italy ($1,414 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Greece

In 2022, the amount of chain and parts thereof, of iron or steel imported into Greece surged to 9.4K tons, increasing by 40% compared with the previous year's figure. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of chain and parts thereof, of iron or steel surged to $22M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Greece in 2022:

1. China (7.8K tons)
2. Turkey (0.8K tons)
3. Italy (0.2K tons)
4. Germany (0.2K tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Greece

In 2022, the amount of chain and parts thereof, of iron or steel exported from Greece soared to 4.2K tons, growing by 80% against the year before. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of chain and parts thereof, of iron or steel skyrocketed to $9.4M in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Greece in 2022:

1. Turkey (1442.2 tons)
2. Italy (853.7 tons)
3. Liberia (641.0 tons)
4. Hungary (227.6 tons)
5. Marshall Islands (193.3 tons)
6. Malta (152.0 tons)
7. Bulgaria (99.1 tons)
8. Cyprus (86.3 tons)
9. Panama (17.7 tons)
10. Bahamas (1.1 tons)

Source: IndexBox Market Intelligence Platform