Greece: Technical Textiles Market 2024

Technical Textiles Market Size in Greece

The Greek technical textiles market dropped to $X in 2021, which is down by -7.7% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Technical Textiles Production in Greece

In value terms, technical textiles production dropped remarkably to $X in 2021 estimated in export price. In general, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Technical Textiles Exports

Exports from Greece

Technical textiles exports from Greece amounted to X tons in 2021, surging by 3.8% compared with 2020. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2015 with an increase of 194%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, technical textiles exports skyrocketed to $X in 2021. In general, exports saw a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 125% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Bulgaria (X tons) was the main destination for technical textiles exports from Greece, accounting for a 52% share of total exports. Moreover, technical textiles exports to Bulgaria exceeded the volume sent to the second major destination, Serbia (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria totaled +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+29.1% per year) and Belgium (+83.9% per year).

In value terms, Bulgaria ($X) remains the key foreign market for textile products and articles for technical uses exports from Greece, comprising 36% of total exports. The second position in the ranking was taken by Serbia ($X), with a 16% share of total exports. It was followed by Cyprus, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Bulgaria stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+30.7% per year) and Cyprus (+1.5% per year).

Export Prices by Country

In 2021, the average technical textiles export price amounted to $X per ton, jumping by 33% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 36%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Sweden ($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 Italy (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Technical Textiles Imports

Imports into Greece

In 2021, imports of textile products and articles for technical uses into Greece soared to X tons, with an increase of 29% against 2020. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 92% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, technical textiles imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +10.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +44.6% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 38%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of technical textiles imports to Greece, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +24.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest technical textiles suppliers to Greece were Italy ($X), Germany ($X) and China ($X), with a combined 76% share of total imports.

Italy, with a CAGR of +22.8%, 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 technical textiles import price amounted to $X per ton, reducing by -4.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 39% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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 France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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