Men's woven jackets and blazers market in Greece

Earlier Report Observations

The market for men's woven jackets and blazers in Greece contracted significantly from 2018 to 2020. In physical terms, market volume fell from 598 000 units in 2018 to 381 000 units in 2020, a drop of over 36%. In value, the market declined even more sharply, from $13.1 million in 2018 to $7.4 million in 2020, indicating a decrease in average prices or a shift toward lower-value products.

Trade flows also showed a downward trend over the full period from 2018 to 2024. Imports, which peaked at 1.04 million units in 2018, fell to 553 000 units in 2020 before partially recovering to 847 000 units in 2024. Exports declined steadily from 478 000 units in 2018 to 168 000 units in 2024. In monetary terms, however, import values rose after 2020, reaching $22 million in 2024, suggesting higher unit costs or a change in product mix.

In 2022, a Joint Ministerial Decision introduced new labor regulations for the road transport sector, including rules on working conditions, health and safety, and assignment declarations. While not directly targeting the apparel market, these measures increased operational costs and administrative burdens for logistics, likely contributing to the observed reduction in import and export volumes that year.

Production men's woven jackets and blazers in Greece

In value, 2017-2020, K $ US

Greece's production of men's woven jackets and blazers declined for the second consecutive year. In 2020, output was valued at 894 000 US dollars, marking an abrupt drop of 25.6% compared to 2019. Production decreased by 24.9% between 2017 and 2020, equating to an annualized rate of 9.1%. The maximum value was recorded in 2018 at 1 388 000 US dollars, which also saw the largest increase of 16.6%.

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

In kind, 2017-2020, unit

Greece's production of men's woven jackets and blazers declined for the second consecutive year. In 2020, 25 039 units were produced, representing a solid contraction of 12.4% year-over-year. Between 2017 and 2020, production decreased by 5.4%, with an annualized rate of 1.8%. The maximum volume was recorded in 2018 at 35 977 units, which saw the largest increase of 35.9%. The largest decline occurred in 2019 at 20.6%.

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

Exports men's woven jackets and blazers from Greece

Exports in kind, K unit

Men's woven jackets and blazers exports from Greece declined for the third consecutive year. In 2020, Greece exported 197 000 units, marking a sharp decrease of 50.0% relative to the previous year. Between 2017 and 2020, exports decreased by 69.9%, equating to an annualized rate of 33.0%.

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

From 2017 to 2020, Italy, Bulgaria, and Germany stood out as the main markets for Greece's exports in kind. Italy accounted for 44.5% of exports, Bulgaria for 23.0%, and Germany for 9.0%. Together, these three countries represented 76.5% 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

In 2020, Greece exported men's woven jackets and blazers valued at 3 819 000 US dollars, which is 2.7% higher than the previous year. Over the period from 2017 to 2020, exports increased by 18.5%, with a compound annual growth rate of 5.8%. The largest decline was recorded in 2019 at 1.4%, while the largest increase occurred in 2018 at 17.0%.

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

From 2017 to 2020, Germany, Cyprus, and Italy remained the principal buyers of men's woven jackets and blazers from Greece in value terms. Germany accounted for 40.3% of exports, Cyprus for 12.6%, and Italy for 12.0%. Collectively, these three countries represented 64.9% 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 men's woven jackets and blazers to Greece

Imports in kind, K unit

Greece's import volume of men's woven jackets and blazers declined for the third consecutive year. In 2020, imports amounted to 553 000 units, which is 30.7% lower compared to the previous year. Over the period from 2017 to 2020, imports decreased by 51.7%, with a compound annual growth rate of 21.5%.

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

From 2017 to 2020, China, Turkey, and Italy continued to be the main suppliers of men's woven jackets and blazers to Greece in kind. China accounted for 47.0% of imports, Turkey for 8.7%, and Italy for 7.7%. Together, these three countries formed 63.5% of total import volume.

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 increase, men's woven jackets and blazers imports to Greece declined. In 2020, imports totaled 10 353 000 US dollars, corresponding to a fall of 34.2% compared to 2019. Over the period from 2017 to 2020, imports decreased by 27.5%, with a compound annual growth rate of 10.2%. The maximum value was recorded in 2019 at 15 722 000 US dollars, while the largest increase occurred in 2018 at 8.7%.

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

Throughout 2017 to 2020, Italy, Spain, and Germany played the leading roles in imports of men's woven jackets and blazers to Greece in value terms. Italy accounted for 18.6% of imports, Spain for 17.2%, and Germany for 14.3%. Jointly, these three countries took 50.1% 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