Greece: Blanket Market 2025

Blanket Market Size in Greece

The Greek blanket market expanded slightly to $X in 2022, increasing by 4.4% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Blanket Production in Greece

In value terms, blanket production declined modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable contraction. The growth pace was the most rapid in 2015 when the production volume increased by 196% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Blanket Exports

Exports from Greece

After three years of growth, overseas shipments of blankets and traveling rugs (except electric blankets) decreased by -13.6% to X tons in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 309%. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, blanket exports declined to $X in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 141% against the previous year. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Italy (X tons) was the main destination for blanket exports from Greece, accounting for a 122% share of total exports. Moreover, blanket exports to Italy exceeded the volume sent to the second major destination, Hungary (X tons), sixfold. France (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +257.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+124.7% per year) and France (+263.5% per year).

In value terms, Italy ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from Greece, comprising 53% of total exports. The second position in the ranking was held by Hungary ($X), with a 13% share of total exports. It was followed by France, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +154.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+110.6% per year) and France (+123.8% per year).

Export Prices by Country

The average blanket export price stood at $X per ton in 2022, with an increase of 4.4% against the previous year. In general, the export price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2017 when the average export price increased by 32% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Italy ($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 Hungary (-6.3%), while the prices for the other major destinations experienced a decline.

Blanket Imports

Imports into Greece

In 2022, after three years of growth, there was significant decline in supplies from abroad of blankets and traveling rugs (except electric blankets), when their volume decreased by -7.5% to X tons. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 73%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, blanket imports dropped to $X in 2022. In general, imports, however, showed a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 73% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of blanket to Greece, with a 194% share of total imports. It was followed by Turkey (X tons), with a 3.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +22.6%.

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Greece, comprising 91% of total imports. The second position in the ranking was held by Turkey ($X), with a 6.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +18.4%.

Import Prices by Country

The average blanket import price stood at $X per ton in 2022, shrinking by -6.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The growth pace was the most rapid in 2013 when the average import price increased by 31%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Turkey ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.1%).

Source: IndexBox Platform

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