Medical wadding, gauze and bandages market in Greece

Earlier Report Observations

The market for medical wadding, gauze and bandages in Greece exhibited significant fluctuations between 2019 and 2024. Starting at a value of $44.8 million in 2019, it declined to $41.9 million in 2020 before recovering partially to $43.5 million in 2021. The following year saw a pronounced contraction, with the market size dropping to $37.0 million.

After the 2022 low, the market experienced modest oscillations, increasing to $38.1 million in 2023 and then decreasing again to $36.6 million in 2024. Over the entire period, the market's total value contracted by approximately 18%, indicating a sustained reduction in domestic market volume for these products.

Production medical wadding, gauze and bandages in Greece

In value, 2017-2020, K $ US

In 2020, Greece's output of medical wadding, gauze, and bandages was valued at 5 279 thousand US dollars, showing a slight year-over-year decline of 0.8%.

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

Exports medical wadding, gauze and bandages from Greece

Exports in kind, t

Medical wadding, gauze, and bandages exports from Greece increased for the second consecutive year. In 2020, Greece exported 1 869 tonnes, marking a modest uptick of 6.2% compared to the previous year. Between 2017 and 2020, exports grew by 12.4%, which translates to an annualized rate of 4.0%. The lowest export volume was recorded in 2018 at 1 555 tonnes, with the largest decline that year at 6.5%. In contrast, the largest increase occurred in 2019, reaching 13.2%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

From 2017 to 2020, Bulgaria, Switzerland, and the United Kingdom remained the primary buyers of medical wadding, gauze, and bandages from Greece. Bulgaria accounted for 61.9% of exports in kind, Switzerland for 5.1%, and the United Kingdom for 4.0%. Together, these three countries represented 71.0% of total exports in kind.

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

In 2020, Greece exported 12 293 thousand US dollars worth of medical wadding, gauze, and bandages, down by 24.1% from 2019. Between 2017 and 2020, exports decreased by 44.7%, equating to an annualized decline of 17.9%. The largest drop was recorded in 2018 at 34.3%, while the largest increase occurred in 2019 at 11.0%.

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

Over the period from 2017 to 2020, Bulgaria, Switzerland, and the United Kingdom were the main destinations for Greece's exports of medical wadding, gauze, and bandages in value terms. Bulgaria accounted for 23.3% of exports, Switzerland for 17.7%, and the United Kingdom for 14.7%. Collectively, these three countries absorbed 55.8% of total exports in value terms.

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

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

Imports medical wadding, gauze and bandages to Greece

Imports in kind, t

The volume of medical wadding, gauze, and bandages imports into Greece declined for the second consecutive year. In 2020, imports totaled 2 556 tonnes, reflecting a 7.5% year-over-year decrease. Between 2017 and 2020, imports fell by 14.3%, which corresponds to an annualized rate of decline of 5.0%. The highest import volume was recorded in 2018 at 3 317 tonnes, with the largest increase that year at 11.2%. The largest decline occurred in 2019, dropping by 16.7%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

From 2017 to 2020, China, Germany, and Hungary led the structure of imports in kind for medical wadding, gauze, and bandages into Greece. China accounted for 44.5% of imports, Germany for 11.2%, and Hungary for 7.8%. Together, these three countries represented 63.6% of total import flows.

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

The value of medical wadding, gauze, and bandages imports into Greece declined for the second consecutive year. In 2020, imports stood at 48 888 thousand US dollars, constituting a substantial drop of 12.2% from the previous year. Between 2017 and 2020, imports decreased by 19.4%, equating to an annualized decline of 6.9%. The highest import value was recorded in 2018 at 70 852 thousand US dollars, with the largest increase that year at 16.8%. The largest decline occurred in 2019, falling by 21.4%.

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

In the period from 2017 to 2020, Hungary, China, and Germany continued to head the list of suppliers of medical wadding, gauze, and bandages to Greece in value terms. Hungary accounted for 33.3% of imports, China for 15.9%, and Germany for 10.7%. Jointly, these three suppliers took 59.8% of total imports in value terms.

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

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