Knitted or crocheted track suits market in Greece

Earlier Report Observations

The market for knitted or crocheted track suits in Greece showed significant volatility between 2018 and 2024. After a strong expansion in 2019, reaching a value of 13.7 million USD, the market contracted sharply in 2020 to 10 million USD. This decline coincided with the global COVID-19 pandemic, which disrupted consumer spending and supply chains for apparel.

Market value recovered powerfully to 16 million USD in 2022, surpassing pre-pandemic levels. A slight dip followed in 2023 before growth resumed in 2024, driven by sustained global consumer preference for comfortable, stretchable athleisure wear and increased health and fitness consciousness, which boosted demand for track suits.

Production knitted or crocheted track suits in Greece

In value, 2017-2020, K $ US

In 2020, Greece's output of knitted or crocheted track suits was valued at 4 198 K $ US, marking a 17.6% decline compared to the previous year. Production decreased by 8.5% between 2017 and 2020, which translates to an annualized rate of 2.9%. The highest value was recorded in 2019 at 5 093 K $ US, with the largest increase of 19.5% also occurring that year.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

In 2020, Greece produced 328.0 K units of knitted or crocheted track suits, showing a significant decrease of 20.7% from 2019. Over the period from 2017 to 2020, production fell by 23.2%, equivalent to an annualized rate of 8.4%. The largest increase was recorded in 2019 at 17.6%.

Annual dynamics of production in Greece in kind, 2017-2020, K unit

Exports knitted or crocheted track suits from Greece

Exports in kind, K unit

The market exhibited volatility during these years. Export volumes reached their lowest point in 2018 at 775 K units and peaked in 2019 at 1 632 K units, with a top-to-bottom ratio of 2.1 times. In 2020, Greece's exports of knitted or crocheted track suits amounted to 1 297 K units, representing a 20.5% decline from the previous year. The largest increase was recorded in 2019 at 110.5%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, K unit

From 2017 to 2020, Italy, Bulgaria, and Cyprus were the main markets for Greece's exports in kind, accounting for 55.3%, 14.7%, and 5.6% of exports, respectively. Together, they represented 75.5% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

After two years of growth, Greece's exports of knitted or crocheted track suits declined. In 2020, exports totaled 5 157 K $ US, showing a robust decrease of 18.1% year-over-year. Between 2017 and 2020, exports increased by 27.3%, equating to an annualized rate of 8.4%. The maximum value was recorded in 2019 at 6 294 K $ US, with the largest increase of 37.6% also occurring that year.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

From 2017 to 2020, Romania, Cyprus, and Italy were the main destinations for Greece's exports in value terms, absorbing 21.9%, 20.4%, and 19.9% of exports, respectively. Together, they accounted for 62.2% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports knitted or crocheted track suits to Greece

Imports in kind, K unit

The data shows irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2017 and peaked in 2019, with a 2.4-fold difference between these years. In 2020, Greece imported approximately 2 147 K units of knitted or crocheted track suits, down by 34.2% compared to 2019. The maximum value was recorded in 2019 at 3 262 K units, with the largest increase of 103.4% also occurring that year.

Annual dynamics of product's imports to Greece in kind, 2017-2020, K unit

From 2017 to 2020, China, Turkey, and Cambodia remained the main suppliers of knitted or crocheted track suits to Greece, accounting for 59.4%, 11.0%, and 6.2% of imports in kind, respectively. Together, they formed 76.6% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

After a two-year uptick, Greece's imports of knitted or crocheted track suits declined. In 2020, imports amounted to 10 977 K $ US, which is 26.3% lower compared to 2019. Over the period from 2017 to 2020, imports increased by 49.8%, with a compound annual growth rate of 14.4%. The maximum value was recorded in 2019 at 14 901 K $ US, with the largest increase of 49.1% also occurring that year.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

From 2017 to 2020, the country breakdown of imports in value terms was scattered. China, Cambodia, and Italy accounted for 21.9%, 13.4%, and 13.0% of imports, respectively, but together they represented only 48.3% of total flows, with no single partner standing out as clearly dominant.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020