Greece: Market for Non-Woven, Felt and Coated Textile Garments 2024

Market Size for Non-Woven, Felt and Coated Textile Garments in Greece

The Greek market for non-woven, felt and coated textile garments reduced to $X in 2021, falling by -8% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Non-Woven, Felt and Coated Textile Garments in Greece

In value terms, production of non-woven, felt and coated textile garments shrank to $X in 2021 estimated in export price. In general, production saw a slight descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by 27% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Non-Woven, Felt and Coated Textile Garments

Exports from Greece

In 2021, shipments abroad of non-woven, felt and coated textile garments decreased by -38.2% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, recorded a moderate expansion. The growth pace was the most rapid in 2016 with an increase of 122% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of non-woven, felt and coated textile garments fell dramatically to $X in 2021. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 404%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X units), Albania (X units) and Spain (X units) were the main destinations of exports of non-woven, felt and coated textile garments from Greece, together accounting for 53% of total exports. Cyprus, Hungary, South Korea, Romania, Germany, Norway, Taiwan (Chinese), Bulgaria and Denmark lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +179.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Albania ($X), Norway ($X) and Cyprus ($X) appeared to be the largest markets for non-woven, felt and coated textile garment exported from Greece worldwide, together comprising 68% of total exports. Germany, Italy, Romania, Spain, Denmark, Bulgaria, Hungary, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Hungary, with a CAGR of +84.6%, saw 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 2021, the average export price for non-woven, felt and coated textile garments amounted to $X per unit, jumping by 35% against the previous year. In general, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 133%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Woven, Felt and Coated Textile Garments

Imports into Greece

In 2021, supplies from abroad of non-woven, felt and coated textile garments decreased by -11.5% to X units for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2019 when imports increased by 60% against the previous year. Over the period under review, imports of reached the maximum at X units in 2020, and then shrank in the following year.

In value terms, imports of non-woven, felt and coated textile garments contracted to $X in 2021. In general, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 69% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X units), Turkey (X units) and Spain (X units) were the main suppliers of imports of non-woven, felt and coated textile garments to Greece, together comprising 65% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +57.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of non-woven, felt and coated textile garments to Greece, comprising 29% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +72.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.9% per year) and Italy (+10.9% per year).

Import Prices by Country

The average import price for non-woven, felt and coated textile garments stood at $X per unit in 2021, flattening at the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2016 when the average import price increased by 19% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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