Greece: Men Swimwear Market 2024

Men Swimwear Market Size in Greece

In 2021, the Greek men swimwear market decreased by -51.4% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, continues to indicate pronounced growth. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Men Swimwear Production in Greece

In value terms, men swimwear production declined dramatically to $X in 2021 estimated in export price. In general, production faced a sharp slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Men Swimwear Exports

Exports from Greece

In 2021, shipments abroad of men’s swimwear (excluding of knitted or crocheted textiles) decreased by -41.1% to X units for the first time since 2015, thus ending a five-year rising trend. Over the period under review, exports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2014 with an increase of 77% against the previous year. The exports peaked at X units in 2020, and then contracted notably in the following year.

In value terms, men swimwear exports contracted sharply to $X in 2021. In general, exports, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 71%. Over the period under review, the exports attained the peak figure at $X in 2020, and then fell remarkably in the following year.

Exports by Country

Cyprus (X units), Italy (X units) and Germany (X units) were the main destinations of men swimwear exports from Greece, together accounting for 75% of total exports. Romania, Bulgaria, Belgium, Hungary and Spain lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +62.7%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), Italy ($X) and Germany ($X) were the largest markets for men swimwear exported from Greece worldwide, with a combined 62% share of total exports.

Italy, with a CAGR of +31.7%, 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

In 2021, the average men swimwear export price amounted to $X per unit, picking up by 15% against the previous year. In general, the export price enjoyed a slight increase. The pace of growth appeared the most rapid in 2013 an increase of 108% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Belgium ($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 Belgium (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Men Swimwear Imports

Imports into Greece

In 2021, purchases abroad of men’s swimwear (excluding of knitted or crocheted textiles) decreased by -59.3% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 69% against the previous year. Imports peaked at X units in 2020, and then dropped rapidly in the following year.

In value terms, men swimwear imports stood at $X in 2021. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 52% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest men swimwear supplier to Greece, accounting for a 42% share of total imports. Moreover, men swimwear imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Belgium (X units) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.1% per year) and Belgium (+73.3% per year).

In value terms, Italy ($X) constituted the largest supplier of men’s swimwear (excluding of knitted or crocheted textiles) to Greece, comprising 34% of total imports. The second position in the ranking was taken by Belgium ($X), with a 13% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+93.2% per year) and the Netherlands (+8.3% per year).

Import Prices by Country

In 2021, the average men swimwear import price amounted to $X per unit, with an increase of 178% against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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