Greece: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Greece

In 2021, after four years of decline, there was significant growth in the Greek market for machines for preparing, weaving and knitting textiles, when its value increased by 70% to $X. Overall, consumption, however, showed a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Machines For Preparing, Weaving And Knitting Textiles in Greece

In value terms, textile weaving and knitting machinery production contracted to $X in 2021 estimated in export price. Overall, production saw a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 29% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Greece

In 2021, after three years of growth, there was significant decline in shipments abroad of machines for preparing, weaving and knitting textiles, when their volume decreased by -78% to X units. Overall, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports shrank rapidly to $X in 2021. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 102%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X units), Pakistan (X units) and India (X units) were the main destinations of textile weaving and knitting machinery exports from Greece, with a combined 62% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +39.4%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for textile weaving and knitting machinery exported from Greece were Romania ($X), Pakistan ($X) and India ($X), together comprising 76% of total exports.

Romania, with a CAGR of +45.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, rising by 130% against the previous year. Overall, the export price posted prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Turkey ($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 Egypt (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Greece

In 2021, after two years of growth, there was significant decline in supplies from abroad of machines for preparing, weaving and knitting textiles, when their volume decreased by -43.6% to X units. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 93% against the previous year. Imports peaked at X units in 2020, and then contracted notably in the following year.

In value terms, textile weaving and knitting machinery imports reduced modestly to $X in 2021. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 164% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest textile weaving and knitting machinery supplier to Greece, accounting for a 28% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by India (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +89.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.3% per year) and India (+23.9% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Greece were Germany ($X), Japan ($X) and India ($X), with a combined 47% share of total imports. These countries were followed by China, Bulgaria, Italy, Austria, Israel and Taiwan (Chinese), which together accounted for a further 34%.

China, with a CAGR of +67.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, growing by 75% against the previous year. In general, the import price recorded noticeable growth. The most prominent rate of growth was recorded in 2016 an increase of 188% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bulgaria ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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