Men's knitted underwear and nightwear market in Greece

Earlier Report Observations

Between 2018 and 2024, the market for men's knitted underwear and nightwear in Greece showed considerable volatility in physical volume. Starting at 10.9 thousand pieces in 2018, it peaked at 13.1 thousand pieces in 2019 before a sharp contraction to 8.4 thousand pieces in 2020.

The market recovered in the following years, reaching 12.7 thousand pieces in 2022, then declined again to 10.0 thousand pieces in 2023. By 2024, it had rebounded to 12.2 thousand pieces, remaining below the 2019 peak but demonstrating resilience after periods of downturn.

In value terms, the trend was similar but with less pronounced swings; the market's worth grew from $25.3 million in 2018 to $36.4 million in 2024, indicating an overall increase in value despite fluctuations in physical volume.

Production men's knitted underwear and nightwear in Greece

In value, 2017-2020, K $ US

In 2020, Greece's production of men's knitted underwear and nightwear reached a value of 5 490 K $ US, marking a moderate increase of 5.5% compared to 2019. Over the period from 2017 to 2020, production grew by 58.9%, with an average annual growth rate of 16.7%. The highest value was recorded in 2018 at 5 559 K $ US, while the largest decline occurred in 2019 with a drop of 6.4%. The most significant increase was in 2018, rising by 60.9%.

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

In kind, 2017-2020, K unit

The market showed considerable volatility during these years. Production reached its lowest point in 2017 and peaked in 2020, with a 2.2-fold difference between these two years. In 2020, Greece produced 745.8 K units of men's knitted underwear and nightwear, which represents a 5.5% increase compared to 2019. The largest decline was recorded in 2019 at 0.2%, while the most substantial increase occurred in 2018, surging by 105.6%.

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

Exports men's knitted underwear and nightwear from Greece

Exports in kind, K unit

Market performance was marked by significant fluctuations during this period. Exports hit their lowest point in 2017 and reached a maximum in 2019, with a 6-fold variation between these years. In 2020, Greece exported 26 710 K units of men's knitted underwear and nightwear, indicating a contraction of 52.0% compared to the previous year. The peak value was recorded in 2019 at 55 665 K units, and the largest increase occurred in 2018, rising by 217.7%.

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

From 2017 to 2020, Italy, Bulgaria, and Spain dominated the structure of exports in kind. Italy accounted for 57.2% of exports, Bulgaria for 17.3%, and Spain for 8.9%. Together, these three countries represented 83.4% 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

The market experienced noticeable fluctuations during this period. Exports were at their lowest in 2017 and peaked in 2019, with a 2.6-fold gap between these years. In 2020, Greece's exports of men's knitted underwear and nightwear were valued at 13 190 K $ US, representing a sharp decline of 30.8% compared to 2019. The maximum value was recorded in 2019 at 19 070 K $ US, and the largest increase occurred in 2019, rising by 117.5%.

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

Throughout 2017 to 2020, Italy, Bulgaria, and Spain were the key destinations for exports in value terms. Italy held a 40.4% share, Bulgaria 18.5%, and Spain 8.0%. Collectively, these three countries accounted for 66.8% of total export flows.

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

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

Imports men's knitted underwear and nightwear to Greece

Imports in kind, K unit

Market performance showed noticeable fluctuations during this period. Imports reached their lowest point in 2017 and peaked in 2019, with a 3.6-fold variation between these years. In 2020, Greece imported a total of value_last_year K units of men's knitted underwear and nightwear, which is 49.5% lower compared to the previous year. The maximum value was recorded in 2019 at 68 053 K units, and the largest increase occurred in 2018, rising by 111.7%.

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

From 2017 to 2020, China remained the primary market for imports in kind, accounting for 79.9% of total flows. The remaining volume was distributed across numerous other destinations.

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 two years of growth, imports of men's knitted underwear and nightwear into Greece declined. In 2020, imports totaled 35 815 K $ US, representing an 18.5% loss compared to the previous year. Over the period from 2017 to 2020, imports increased by 32%, with an average annual growth rate of 9.7%. The maximum value was recorded in 2019 at 43 962 K $ US, and the largest increase occurred in 2019, rising by 54.0%.

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

From 2017 to 2020, China, Italy, and Austria were consistently the main destinations for imports in value terms. China accounted for 33.1% of imports, Italy for 10.5%, and Austria for 10.3%. Together, these three countries represented 53.9% of total import flows.

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

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