Greece: Silk Fabric Market 2025

Silk Fabric Market Size in Greece

In 2021, the Greek silk fabric market increased by 0.1% to $X, rising for the fourth year in a row after three years of decline. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% 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 +76.7% against 2017 indices. Silk fabric consumption peaked in 2021 and is likely to continue growth in years to come.

Silk Fabric Production in Greece

In value terms, silk fabric production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Silk fabric production peaked at $X in 2020, and then declined in the following year.

Silk Fabric Exports

Exports from Greece

After four years of decline, shipments abroad of woven fabrics of silk or of silk waste increased by 79% to X square meters in 2021. In general, exports, however, continue to indicate a abrupt decline. The exports peaked at X square meters in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, silk fabric exports surged to $X in 2021. Overall, exports, however, recorded a deep contraction. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Portugal (X square meters) was the main destination for silk fabric exports from Greece, with a 40% share of total exports. Moreover, silk fabric exports to Portugal exceeded the volume sent to the second major destination, Lithuania (X square meters), fivefold. Cyprus (X square meters) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal stood at +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+65.2% per year) and Cyprus (-1.6% per year).

In value terms, Portugal ($X) remains the key foreign market for woven fabrics of silk or of silk waste exports from Greece, comprising 55% of total exports. The second position in the ranking was held by Lithuania ($X), with a 6.8% share of total exports. It was followed by Bulgaria, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+60.0% per year) and Bulgaria (-14.4% per year).

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2021, remaining stable against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 62%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per square meter), while the average price for exports to Cyprus ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into Greece

In 2021, after two years of growth, there was significant decline in overseas purchases of woven fabrics of silk or of silk waste, when their volume decreased by -23% to X square meters. Over the period under review, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 30% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silk fabric imports stood at $X in 2021. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 33%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X square meters) constituted the largest silk fabric supplier to Greece, accounting for a 51% share of total imports. Moreover, silk fabric imports from China exceeded the figures recorded by the second-largest supplier, Bulgaria (X square meters), twofold. Italy (X square meters) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+3.1% per year) and Italy (-13.6% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Greece, comprising 53% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Turkey, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.2% per year) and Turkey (+29.9% per year).

Import Prices by Country

In 2021, the average silk fabric import price amounted to $X per square meter, growing by 30% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per square meter in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per square meter), while the price for Bulgaria ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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