Greece: Sportswear Market 2025

Sportswear Market Size in Greece

In 2021, the Greek sportswear market decreased by -29.5% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption saw a deep contraction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Sportswear Production in Greece

In value terms, sportswear production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production faced a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 39%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Sportswear Exports

Exports from Greece

Sportswear exports from Greece soared to X units in 2021, jumping by 94% against the year before. Overall, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sportswear exports soared to $X in 2021. In general, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for sportswear exports from Greece, with a 56% share of total exports. Moreover, sportswear exports to Italy exceeded the volume sent to the second major destination, Poland (X units), sixfold. The third position in this ranking was held by Spain (X units), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +64.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+77.8% per year) and Spain (+67.5% per year).

In value terms, Italy ($X), Poland ($X) and the UK ($X) were the largest markets for sportswear exported from Greece worldwide, together comprising 48% of total exports.

Poland, with a CAGR of +85.6%, 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 sportswear export price stood at $X per unit in 2021, which is down by -11.9% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 47%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Italy ($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 Poland (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sportswear Imports

Imports into Greece

In 2021, after two years of decline, there was significant growth in purchases abroad of track suits, ski suits and swimwear, when their volume increased by 30% to X units. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 79% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sportswear imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest sportswear supplier to Greece, with a 56% share of total imports. Moreover, sportswear imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was held by Bulgaria (X units), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.3% per year) and Bulgaria (+9.1% per year).

In value terms, China ($X), Albania ($X) and Italy ($X) constituted the largest sportswear suppliers to Greece, with a combined 55% share of total imports. Bulgaria, Belgium, France, Spain, Cambodia, Turkey and the UK lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Belgium, with a CAGR of +9.0%, recorded the highest growth rate of the value of imports, 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 sportswear import price amounted to $X per unit, increasing by 2.8% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 an increase of 43%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Albania (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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