Greece: Travel Set Market 2025

Travel Set Market Size in Greece

In 2021, the Greek travel set market decreased by -22.8% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Travel Set Production in Greece

In value terms, travel set production plummeted to $X in 2021 estimated in export price. In general, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 23%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Travel Set Exports

Exports from Greece

In 2021, overseas shipments of travel sets increased by 487% to X units, rising for the second year in a row after three years of decline. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 2,971%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, travel set exports surged to $X in 2021. In general, exports enjoyed notable growth. The growth pace was the most rapid in 2016 when exports increased by 1,541% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Italy (X units) was the main destination for travel set exports from Greece, accounting for a 57% share of total exports. Moreover, travel set exports to Italy exceeded the volume sent to the second major destination, Albania (X units), threefold. Germany (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +87.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+18.2% per year) and Germany (+133.4% per year).

In value terms, Italy ($X), Germany ($X) and Albania ($X) were the largest markets for travel set exported from Greece worldwide, with a combined 67% share of total exports.

Germany, with a CAGR of +135.9%, recorded 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

In 2021, the average travel set export price amounted to $X per unit, dropping by -32.8% against the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 69%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Italy ($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 Turkey (+62.2%), while the prices for the other major destinations experienced more modest paces of growth.

Travel Set Imports

Imports into Greece

In 2021, supplies from abroad of travel sets decreased by -8.7% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 95% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, travel set imports reached $X in 2021. In general, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2016 when imports increased by 163%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main travel set supplier to Greece, accounting for a 94% share of total imports. It was followed by the Netherlands (X units), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.0% per year) and Spain (-48.6% per year).

In value terms, China ($X) constituted the largest supplier of travel sets to Greece, comprising 86% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.4% per year) and Spain (-39.6% per year).

Import Prices by Country

The average travel set import price stood at $X per unit in 2021, growing by 22% against the previous year. In general, the import price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2015 an increase of 42% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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 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 (+18.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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