Greece: Footwear Market 2025

Footwear Market Size in Greece

In 2022, the Greek footwear market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a mild downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Footwear Production in Greece

In value terms, footwear production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Footwear production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Footwear Exports

Exports from Greece

After two years of decline, overseas shipments of footwear increased by X% to X pairs in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X pairs. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, footwear exports skyrocketed to $X in 2022. Overall, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Italy (X pairs) was the main destination for footwear exports from Greece, with a X% share of total exports. Moreover, footwear exports to Italy exceeded the volume sent to the second major destination, Hungary (X pairs), threefold. Spain (X pairs) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Spain (X% per year).

In value terms, Italy ($X), Hungary ($X) and Cyprus ($X) appeared to be the largest markets for footwear exported from Greece worldwide, with a combined X% share of total exports.

Among the main countries of destination, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average footwear export price amounted to $X per pair, declining by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per pair in 2013; however, from 2014 to 2022, the 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 ($X per pair), while the average price for exports to Italy ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Footwear Imports

Imports into Greece

In 2022, purchases abroad of footwear was finally on the rise to reach X pairs for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a strong increase. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X pairs in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, footwear imports skyrocketed to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear supplier to Greece, accounting for a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Italy (X pairs), more than tenfold. The third position in this ranking was held by Spain (X pairs), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of footwear to Greece, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Belgium (X% per year).

Import Prices by Country

The average footwear import price stood at $X per pair in 2022, which is down by X% against the previous year. Overall, the import price continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per pair in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 the Netherlands ($X per pair), while the price for China ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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