Greece: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Greece

The Greek knitted shawl and scarf market surged to $X in 2022, picking up by 62% against the previous year. Over the period under review, consumption, however, saw a slight descent. Knitted shawl and scarf consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Greece

In value terms, knitted shawl and scarf production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production saw a sharp setback. The pace of growth was the most pronounced in 2015 with an increase of 105%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Greece

In 2022, shipments abroad of shawls, scarves and the like of knitted or crocheted textiles increased by 48% to X units, rising for the fifth consecutive year after two years of decline. Overall, exports saw a tangible increase. The growth pace was the most rapid in 2021 when exports increased by 124%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, knitted shawl and scarf exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 144%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units), Italy (X units) and Spain (X units) were the main destinations of knitted shawl and scarf exports from Greece, with a combined 68% share of total exports. Hungary, Bulgaria, Cyprus and Romania lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +214.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) were the largest markets for knitted shawl and scarf exported from Greece worldwide, together comprising 68% of total exports. Hungary, Bulgaria, Cyprus and Romania lagged somewhat behind, together comprising a further 24%.

Hungary, with a CAGR of +204.6%, saw the highest growth rate of the value of exports, among 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 knitted shawl and scarf export price stood at $X per unit in 2022, surging by 4.1% against the previous year. Over the period under review, the export price recorded a moderate expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 37%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per unit) and Spain ($X per unit), while the average price for exports to Italy ($X per unit) and Bulgaria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Greece

In 2022, approx. X units of shawls, scarves and the like of knitted or crocheted textiles were imported into Greece; picking up by 88% compared with 2021. In general, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, knitted shawl and scarf imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of knitted shawl and scarf to Greece, accounting for a 39% share of total imports. Moreover, knitted shawl and scarf imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Spain (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.6% per year) and Spain (+4.9% per year).

In value terms, China ($X) constituted the largest supplier of shawls, scarves and the like of knitted or crocheted textiles to Greece, comprising 40% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Spain, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.0% per year) and Spain (-6.1% per year).

Import Prices by Country

The average knitted shawl and scarf import price stood at $X per unit in 2022, falling by -31.7% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 22%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bulgaria ($X per unit) and Italy ($X per unit), while the price for Poland ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (-10.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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