Greece: Industrial Sewing Machine Market 2025

Industrial Sewing Machine Market Size in Greece

The Greek industrial sewing machine market shrank dramatically to $X in 2022, which is down by -26.4% 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). Over the period under review, consumption, however, enjoyed a significant expansion. Industrial sewing machine consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Industrial Sewing Machine Exports

Exports from Greece

In 2022, after two years of growth, there was significant decline in overseas shipments of industrial sewing machines, when their volume decreased by -62.6% to X units. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 186% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machine exports fell remarkably to $X in 2022. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by 150%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Estonia (X units) was the main destination for industrial sewing machine exports from Greece, accounting for a 42% share of total exports. Moreover, industrial sewing machine exports to Estonia exceeded the volume sent to the second major destination, Albania (X units), twofold. Cyprus (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+7.4% per year) and Cyprus (+37.6% per year).

In value terms, the largest markets for industrial sewing machine exported from Greece were Albania ($X), the Netherlands ($X) and North Macedonia ($X), together accounting for 51% of total exports.

The Netherlands, with a CAGR of +29.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, surging by 23% against the previous year. Over the period under review, the export price saw a moderate expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 102% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Italy ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into Greece

In 2022, after two years of growth, there was significant decline in overseas purchases of industrial sewing machines, when their volume decreased by -18.4% to X units. In general, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 422%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machine imports fell notably to $X in 2022. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 167%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to Greece, with a 66% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Poland (X units), with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.5% per year) and Poland (+28.7% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines to Greece, comprising 48% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.2% per year) and Italy (+21.6% per year).

Import Prices by Country

In 2022, the average industrial sewing machine import price amounted to $X per unit, shrinking by -25.9% against the previous year. In general, the import price showed a slight decline. The pace of growth appeared the most rapid in 2015 an increase of 68% against the previous year. The import price peaked at $X per unit in 2021, and then shrank markedly in the following year.

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 ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+37.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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