Greece: Wool Market Overview 2020

Wool Market Size in Greece

The revenue of the wool market in Greece amounted to $X in 2018, waning by -X% against the previous year. Overall, wool consumption continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Wool consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Wool Production in Greece

In value terms, wool production totaled $X in 2018 estimated in export prices. Overall, wool production, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 when production volume increased by X% year-to-year. Over the period under review, wool production attained its maximum level at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Wool Exports

Exports from Greece

In 2018, the exports of wool from Greece amounted to X tonnes, increasing by X% against the previous year. In general, wool exports, however, continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Exports peaked at X tonnes in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, wool exports amounted to $X in 2018. In general, wool exports, however, continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

India (X tonnes) was the main destination for wool exports from Greece, with a X% share of total exports. Moreover, wool exports to India exceeded the volume sent to the second major destination, Germany (X tonnes), fivefold. The third position in this ranking was occupied by Serbia (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Serbia (X% per year).

In value terms, India ($X) remains the key foreign market for wool exports from Greece, comprising X% of total wool exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to India totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and the UK (-X% per year).

Export Prices by Country

The average wool export price stood at $X per tonne in 2018, declining by -X% against the previous year. Over the period under review, the wool export price continues to indicate a drastic drop. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the UK ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Turkey, while the prices for the other major destinations experienced more modest paces of growth.

Wool Imports

Imports into Greece

In 2018, approx. X tonnes of wool were imported into Greece; approximately reflecting the previous year. Overall, wool imports, however, continue to indicate a drastic shrinkage. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, wool imports amounted to $X in 2018. Over the period under review, wool imports, however, continue to indicate an abrupt reduction. The pace of growth appeared the most rapid in 2009 when imports increased by X% y-o-y. Over the period under review, wool imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

New Zealand (X tonnes), China (X tonnes) and Turkey (X tonnes) were the main suppliers of wool imports to Greece, with a combined X% share of total imports. Argentina, Italy, the UK and Germany lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Argentina, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), New Zealand ($X) and Argentina ($X) were the largest wool suppliers to Greece, together accounting for X% of total imports.

Argentina recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wool import price stood at $X per tonne in 2018, waning by -X% against the previous year. Overall, the wool import price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. In that year, the average import prices for wool reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices for wool remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform