Greece: Silk Fabric Market Overview 2021

Silk Fabric Market Size in Greece

In 2019, after two years of growth, there was significant decline in the Greek silk fabric market, when its value decreased by -X% to $X. In general, consumption saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the market value increased by X% y-o-y. Silk fabric consumption peaked at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Silk Fabric Production in Greece

In value terms, silk fabric production dropped to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a perceptible slump. The growth pace was the most rapid in 2017 when the production volume increased by X% y-o-y. Silk fabric production peaked at $X in 2008; however, from 2009 to 2019, production remained at a lower figure.

Silk Fabric Exports

Exports from Greece

In 2019, shipments abroad of woven fabrics of silk or of silk waste decreased by -X% to X square meters, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at X square meters in 2009; however, from 2010 to 2019, exports failed to regain the momentum.

In value terms, silk fabric exports dropped remarkably to $X in 2019. Overall, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2009; however, from 2010 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Italy (X square meters), Romania (X square meters) and Bulgaria (X square meters) were the main destinations of silk fabric exports from Greece, with a combined X% share of total exports. The Czech Republic, Cyprus, Norway and France lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Norway (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silk fabric exported from Greece were Bulgaria ($X), Romania ($X) and Italy ($X), together comprising X% of total exports. Norway, Cyprus, the Czech Republic and France lagged somewhat behind, together comprising a further X the main countries of destination, Norway (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2019, reducing by -X% against the previous year. Over the period under review, export price indicated mild growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, silk fabric export price increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per square meter, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Norway ($X per square meter), while the average price for exports to France ($X per square meter) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria, while the prices for the other major destinations experienced mixed trend patterns.

Silk Fabric Imports

Imports into Greece

In 2019, purchases abroad of woven fabrics of silk or of silk waste increased by X% to X square meters, rising for the second year in a row after three years of decline. In general, imports, however, saw a significant decrease. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports attained the peak of X square meters. From 2009 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, silk fabric imports expanded slightly to $X in 2019. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

China (X square meters), Bulgaria (X square meters) and Italy (X square meters) were the main suppliers of silk fabric imports to Greece, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Bulgaria, while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of silk fabric to Greece, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and India (-X% per year).

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2019, surging by X% against the previous year. Overall, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per square meter in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per square meter), while the price for Bulgaria ($X per square meter) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for woven fabrics of silk or of silk waste in the world?

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The countries with the highest volumes of silk fabric consumption in 2019 were China (445M square meters), Russia (369M square meters) and the U.S. (163M square meters), with a combined 55% share of global consumption.

What are the largest producers of woven fabrics of silk or of silk waste in the world?

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The countries with the highest volumes of silk fabric production in 2019 were China (453M square meters), Russia (369M square meters) and the U.S. (162M square meters), with a combined 56% share of global production.

What are the leading suppliers of woven fabrics of silk or of silk waste to Greece?

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In value terms, China ($690K) constituted the largest supplier of silk fabric to Greece, comprising 47% of total imports. The second position in the ranking was occupied by Italy ($336K), with a 23% share of total imports. It was followed by India, with a 10% share.

What are the leading importers of woven fabrics of silk or of silk waste from Greece?

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In value terms, Bulgaria ($91K), Romania ($76K) and Italy ($55K) were the largest markets for silk fabric exported from Greece worldwide, with a combined 55% share of total exports. These countries were followed by Norway, Cyprus, the Czech Republic and France, which together accounted for a further 16%.

What is the average export price for woven fabrics of silk or of silk waste in Greece?

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The average silk fabric export price stood at $82 per square meter in 2019, declining by -12.7% against the previous year.

What is the average import price for woven fabrics of silk or of silk waste in Greece?

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In 2019, the average silk fabric import price amounted to $63 per square meter, with an increase of 1.5% against the previous year.