Greece: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2024

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Greece

The Greek bedding and furnishing article market shrank markedly to $X in 2022, waning by -22.7% against the previous year. In general, consumption, however, posted resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Greece

In value terms, bedding and furnishing article production fell to $X in 2022 estimated in export price. In general, production posted a significant expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 326% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Greece

In 2022, approx. X tons of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) were exported from Greece; jumping by 211% on 2021 figures. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 224% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, bedding and furnishing article exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 131% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Italy (X tons) was the main destination for bedding and furnishing article exports from Greece, with a 58% share of total exports. Moreover, bedding and furnishing article exports to Italy exceeded the volume sent to the second major destination, Hungary (X tons), fivefold. The third position in this ranking was taken by Romania (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +83.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+156.8% per year) and Romania (+34.0% per year).

In value terms, Italy ($X) remains the key foreign market for bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) exports from Greece, comprising 35% of total exports. The second position in the ranking was held by Hungary ($X), with a 13% share of total exports. It was followed by Cyprus, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +54.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+111.2% per year) and Cyprus (+2.6% per year).

Export Prices by Country

In 2022, the average bedding and furnishing article export price amounted to $X per ton, which is down by -36.8% against the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the average export price increased by 39%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to the Czech Republic ($X 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 Cyprus (+6.3%), while the prices for the other major destinations experienced a decline.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Greece

Bedding and furnishing article imports into Greece skyrocketed to X tons in 2022, picking up by 34% compared with 2021 figures. In general, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 when imports increased by 56%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, bedding and furnishing article imports expanded sharply to $X in 2022. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest bedding and furnishing article supplier to Greece, accounting for a 78% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), more than tenfold. The third position in this ranking was taken by Turkey (X tons), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+11.1% per year) and Turkey (+10.7% per year).

In value terms, China ($X) constituted the largest supplier of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) to Greece, comprising 62% of total imports. The second position in the ranking was held by Bulgaria ($X), with a 7.8% share of total imports. It was followed by Turkey, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+17.5% per year) and Turkey (+13.9% per year).

Import Prices by Country

The average bedding and furnishing article import price stood at $X per ton in 2022, waning by -20.8% against the previous year. Overall, the import price saw a slight setback. The growth pace was the most rapid in 2013 when the average import price increased by 56% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform