Greece: Hand-Made Lace Market 2024

Hand-Made Lace Market Size in Greece

In 2022, after four years of growth, there was decline in the Greek hand-made lace market, when its value decreased by -0.3% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Hand-made lace consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Hand-Made Lace Production in Greece

In value terms, hand-made lace production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 18% against the previous year. Hand-made lace production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Hand-Made Lace Exports

Exports from Greece

In 2022, shipments abroad of hand-made lace in the piece, in strips or in motifs increased by 1,019% to X kg, rising for the second year in a row after three years of decline. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 1,083% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hand-made lace exports skyrocketed to $X in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,673%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X kg) was the main destination for hand-made lace exports from Greece, accounting for a 88% share of total exports. Moreover, hand-made lace exports to Hungary exceeded the volume sent to the second major destination, Poland (X kg), eightfold.

From 2013 to 2022, the average annual growth rate of volume to Hungary was relatively modest.

In value terms, Hungary ($X) emerged as the key foreign market for hand-made lace in the piece, in strips or in motifs exports from Greece, comprising 88% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Hungary was relatively modest.

Export Prices by Country

The average hand-made lace export price stood at $X per ton in 2022, declining by -68.3% against the previous year. In general, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 50%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped remarkably in the following year.

Average prices varied noticeably for the major foreign 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 Hungary stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+29.3%).

Hand-Made Lace Imports

Imports into Greece

In 2022, overseas purchases of hand-made lace in the piece, in strips or in motifs increased by 308% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 3,013% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, hand-made lace imports soared to $X in 2022. In general, imports posted a moderate expansion. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of hand-made lace to Greece, accounting for a 87% share of total imports. Moreover, hand-made lace imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-0.6% per year) and Bulgaria (-29.5% per year).

In value terms, China ($X) constituted the largest supplier of hand-made lace in the piece, in strips or in motifs to Greece, comprising 79% of total imports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.6% per year) and Bulgaria (-24.3% per year).

Import Prices by Country

The average hand-made lace import price stood at $X per ton in 2022, dropping by -4.6% against the previous year. Over the period under review, the import price faced a abrupt slump. The growth pace was the most rapid in 2015 when the average import price increased by 103% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 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 Bulgaria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+47.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :