Greece: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Greece

The Greek household sewing machine market surged to $X in 2021, rising by 31% 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). In general, consumption posted a prominent increase. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Household Sewing Machine Exports

Exports from Greece

In 2021, after two years of growth, there was significant decline in overseas shipments of household sewing machines, when their volume decreased by -48% to X units. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 250% against the previous year. As a result, the exports attained the peak of X units, and then shrank notably in the following year.

In value terms, household sewing machine exports surged to $X in 2021. Over the period under review, exports, however, saw modest growth. The pace of growth appeared the most rapid in 2020 when exports increased by 78%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for household sewing machine exports from Greece, with a 46% share of total exports. Moreover, household sewing machine exports to Germany exceeded the volume sent to the second major destination, Serbia (X units), threefold. Italy (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+24.6% per year) and Italy (+73.0% per year).

In value terms, Serbia ($X) emerged as the key foreign market for household sewing machines exports from Greece, comprising 32% of total exports. The second position in the ranking was taken by Bulgaria ($X), with an 11% share of total exports. It was followed by Romania, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia stood at +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+0.1% per year) and Romania (-21.8% per year).

Export Prices by Country

In 2021, the average household sewing machine export price amounted to $X per unit, jumping by 134% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The export price peaked at $X per unit in 2012; however, from 2013 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 France ($X per unit), while the average price for exports to Germany ($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 Serbia (+4.0%), while the prices for the other major destinations experienced a decline.

Household Sewing Machine Imports

Imports into Greece

In 2021, imports of household sewing machines into Greece expanded markedly to X units, picking up by 6.3% compared with the previous year's figure. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 245%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, household sewing machine imports rose significantly to $X in 2021. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by 245%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Vietnam (X units) and the Netherlands (X units) were the main suppliers of household sewing machine imports to Greece, together comprising 66% of total imports. Germany, France, Poland, Spain and Romania lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +145.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Netherlands ($X) and Germany ($X) were the largest household sewing machine suppliers to Greece, together comprising 60% of total imports. Poland, France, China, Spain and Romania lagged somewhat behind, together accounting for a further 38%.

Spain, with a CAGR of +215.4%, saw 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

The average household sewing machine import price stood at $X per unit in 2021, almost unchanged from the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, household sewing machine import price increased by +3.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 46%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+29.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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