Greece: Narrow Woven Fabric Market 2025

Narrow Woven Fabric Market Size in Greece

The Greek narrow woven fabric market surged to $X in 2021, with an increase of 29% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.4% against 2019 indices. Narrow woven fabric consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Narrow Woven Fabric Production in Greece

In value terms, narrow woven fabric production amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 82%. Narrow woven fabric production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Narrow Woven Fabric Exports

Exports from Greece

For the fourth consecutive year, Greece recorded growth in shipments abroad of narrow woven fabrics, which increased by 4.4% to X tons in 2021. The total export volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 23%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, narrow woven fabric exports dropped slightly to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 20%. The exports peaked at $X in 2020, and then fell slightly in the following year.

Exports by Country

Bulgaria (X tons), Albania (X tons) and Italy (X tons) were the main destinations of narrow woven fabric exports from Greece, together comprising 69% of total exports. South Africa, France, Lithuania, North Macedonia, Germany, Cyprus, Romania and Russia lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +113.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for narrow woven fabric exported from Greece were Bulgaria ($X), Italy ($X) and Germany ($X), with a combined 50% share of total exports. France, Lithuania, Albania, Cyprus, North Macedonia, Romania, South Africa and Russia lagged somewhat behind, together accounting for a further 25%.

Lithuania, with a CAGR of +91.1%, saw the highest growth rate of 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 narrow woven fabric export price stood at $X per ton in 2021, dropping by -6.1% against the previous year. In general, the export price showed a mild decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the 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 Germany ($X per ton), while the average price for exports to Albania ($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 Romania (+1.7%), while the prices for the other major destinations experienced a decline.

Narrow Woven Fabric Imports

Imports into Greece

In 2021, approx. X tons of narrow woven fabrics were imported into Greece; surging by 6% on the year before. In general, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -34.9% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of 41% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, narrow woven fabric imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of narrow woven fabric to Greece, accounting for a 46% share of total imports. Moreover, narrow woven fabric imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Bulgaria (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.0% per year) and Bulgaria (+0.6% per year).

In value terms, China ($X) constituted the largest supplier of narrow woven fabrics to Greece, comprising 35% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.0% per year) and Italy (-5.6% per year).

Import Prices by Country

In 2021, the average narrow woven fabric import price amounted to $X per ton, rising by 19% against the previous year. Over the period under review, the import price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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