Greece: Silk Fabric Market Overview 2021

Silk Fabric Market Size in Greece

The Greek silk fabric market contracted to $X in 2020, waning by -X% against the previous year. In general, consumption showed a noticeable downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Silk Fabric Production in Greece

In value terms, silk fabric production contracted to $X in 2020 estimated in export prices. In general, production continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Silk fabric production peaked at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Silk Fabric Exports

Exports from Greece

In 2020, the amount of woven fabrics of silk or of silk waste exported from Greece shrank to X square meters, which is down by -X% against 2019. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X square meters in 2009; however, from 2010 to 2020, exports remained at a lower figure.

In value terms, silk fabric exports dropped sharply to $X in 2020. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

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

From 2007 to 2020, the average annual growth rate of volume to Portugal amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Cyprus (-X% per year).

In value terms, Portugal ($X) emerged as the key foreign market for silk fabric exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Portugal stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Bulgaria (-X% per year).

Export Prices by Country

In 2020, the average silk fabric export price amounted to $X per square meter, falling by -X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, export price attained the peak level of $X per square meter, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Bulgaria ($X per square meter), while the average price for exports to Cyprus ($X per square meter) was amongst the lowest.

From 2007 to 2020, 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 2020, silk fabric imports into Greece shrank significantly to X square meters, with a decrease of -X% compared with 2019 figures. In general, imports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. Imports peaked at X square meters in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, silk fabric imports declined remarkably to $X in 2020. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X square meters) constituted the largest silk fabric supplier to Greece, accounting for a X% share of total imports. Moreover, silk fabric imports from China exceeded the figures recorded by the second-largest supplier, Italy (X square meters), tenfold.

From 2007 to 2020, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and India (-X% per year).

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.

From 2007 to 2020, 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

In 2020, the average silk fabric import price amounted to $X per square meter, shrinking by -X% against the previous year. Over the period under review, the import price, however, showed perceptible growth. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per square meter in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform