Greece: Luggage Market 2025

Luggage Market Size in Greece

In 2021, the Greek luggage market decreased by -13.7% to $X, falling for the second year in a row after four years of growth. In general, consumption showed a slight setback. Luggage consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Luggage Production in Greece

In value terms, luggage production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible slump. Luggage production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Luggage Exports

Exports from Greece

In 2021, shipments abroad of luggage and handbags increased by 59% to X tons, rising for the third year in a row after three years of decline. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 207%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, luggage exports surged to $X in 2021. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 69%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for luggage exports from Greece, with a 79% share of total exports. Moreover, luggage exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. The third position in this ranking was held by Cyprus (X tons), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at +41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+9.7% per year) and Cyprus (+8.0% per year).

In value terms, Italy ($X) remains the key foreign market for luggage and handbags exports from Greece, comprising 49% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 10% share of total exports. It was followed by Spain, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+2.3% per year) and Spain (+3.8% per year).

Export Prices by Country

In 2021, the average luggage export price amounted to $X per ton, reducing by -14.5% against the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 37%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+14.1%), while the prices for the other major destinations experienced a decline.

Luggage Imports

Imports into Greece

In 2021, the amount of luggage and handbags imported into Greece expanded to X tons, rising by 2.1% compared with the previous year's figure. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 64% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, luggage imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of luggage to Greece, accounting for a 86% share of total imports. Moreover, luggage imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.8% per year) and Spain (-2.4% per year).

In value terms, China ($X) constituted the largest supplier of luggage and handbags to Greece, comprising 46% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by Spain, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.8% per year) and Spain (-1.4% per year).

Import Prices by Country

The average luggage import price stood at $X per ton in 2021, with an increase of 28% against the previous year. In general, the import price, however, showed a slight slump. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :