Greece: Household Sewing Machine Market Overview 2020

Household Sewing Machine Market Size in Greece

The revenue of the household sewing machine market in Greece amounted to $X in 2018, shrinking by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, household sewing machine consumption continues to indicate an abrupt reduction. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. In that year, the household sewing machine market attained its peak level of $X. From 2011 to 2018, the growth of the household sewing machine market failed to regain its momentum.

Household Sewing Machine Exports

Exports from Greece

In 2018, approx. X units of household sewing machines were exported from Greece; increasing by X% against the previous year. Over the period under review, household sewing machine exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, household sewing machine exports reached their peak figure at X units in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, household sewing machine exports totaled $X in 2018. Over the period under review, household sewing machine exports, however, continue to indicate a deep curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X units) was the main destination for household sewing machine exports from Greece, accounting for a X% share of total exports. Moreover, household sewing machine exports to Bulgaria exceeded the volume sent to the second major destination, Bangladesh (X units), threefold. The third position in this ranking was occupied by Slovenia (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Bulgaria stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+X% per year) and Slovenia (-X% per year).

In value terms, the largest markets for household sewing machine exported from Greece were Bulgaria ($X), Serbia ($X) and Bangladesh ($X), together accounting for X% of total exports.

Bangladesh recorded the highest growth rate of exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced a decline.

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the export price indicated notable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, household sewing machine export price increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for household sewing machines attained their peak figure in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Serbia ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, while the prices for the other major destinations experienced mixed trend patterns.

Household Sewing Machine Imports

Imports into Greece

In 2018, the amount of household sewing machines imported into Greece totaled X units, waning by -X% against the previous year. Over the period under review, household sewing machine imports continue to indicate a deep descent. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. In that year, household sewing machine imports attained their peak of X units. From 2011 to 2018, the growth of household sewing machine imports remained at a lower figure.

In value terms, household sewing machine imports stood at $X in 2018. Overall, household sewing machine imports continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

Austria (X units), the Netherlands (X units) and Viet Nam (X units) were the main suppliers of household sewing machine imports to Greece, with a combined X% share of total imports. Germany, Denmark, Macedonia and Brazil lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Denmark (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), the Netherlands ($X) and Germany ($X) were the largest household sewing machine suppliers to Greece, together accounting for X% of total imports.

The Netherlands recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2018, the average household sewing machine import price amounted to $X per unit, declining by -X% against the previous year. Overall, the household sewing machine import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. The import price peaked at $X per unit in 2009; however, from 2010 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform