Greece: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Greece

The Greek market for coconut, abaca, ramie and other vegetable textile fibres dropped to $X in 2022, falling by -12.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Greece

In 2022, the amount of coconut, abaca, ramie and other vegetable textile fibres exported from Greece shrank significantly to X tons, waning by -34% on the previous year's figure. Overall, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 257%. Over the period under review, the exports of attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres dropped significantly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 194%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Greece, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria totaled +42.4%.

In value terms, Bulgaria ($X) also remains the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Greece.

From 2012 to 2022, the average annual growth rate of value to Bulgaria totaled +12.2%.

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, showed a deep setback. The growth pace was the most rapid in 2016 an increase of 19%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Bulgaria.

From 2012 to 2022, the rate of growth in terms of prices for Albania amounted to +4.9% per year.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Greece

For the fourth consecutive year, Greece recorded decline in overseas purchases of coconut, abaca, ramie and other vegetable textile fibres, which decreased by -27.3% to X tons in 2022. Over the period under review, imports, however, enjoyed slight growth. The pace of growth was the most pronounced in 2013 when imports increased by 82%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres fell to $X in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 35% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibre to Greece, with a 65% share of total imports. Moreover, imports of coconut, abaca, ramie and other vegetable textile fibres from India exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), twofold. Slovenia (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-5.4% per year) and Slovenia (+72.0% per year).

In value terms, India ($X) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibres to Greece, comprising 53% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 23% share of total imports. It was followed by Slovenia, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-0.9% per year) and Slovenia (+54.4% per year).

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, growing by 28% against the previous year. Overall, the import price continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+35.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform