Narrow woven fabrics and narrow fabrics consisting of warp without weft assembled by adhesive excluding labels, badges and similar articles market in Greece

Earlier Report Observations

The market for narrow woven fabrics in Greece displayed considerable volatility from 2018 to 2024. After starting at $9.2 million in 2018, market volume contracted to $6.7 million in 2020, reflecting a broad downturn. A strong recovery followed, pushing the market to a peak of $11.5 million in 2022. However, this growth was not sustained, and the market size fell sharply to $8.2 million in 2023 before a modest rebound to $8.5 million in 2024.

These shifts were primarily driven by changes in international trade. Imports, a key component of market supply, fell from $8.4 million in 2018 to $6.6 million in 2020, contributing to the market contraction. The subsequent surge was led by a jump in imports to $12.5 million in 2022, while exports also increased significantly, partially offsetting the import-driven growth. Domestic production remained relatively stable, fluctuating between $6.5 million and $7.9 million throughout the period.

By 2024, the market had stabilized at $8.5 million, below the 2022 high but above the 2020 low. The balance between domestic production and trade flows continued to define the market's size, with import values retreating from their 2022 peak but remaining a dominant factor.

Production narrow woven fabrics in Greece

In value, 2017-2020, K $ US

Production of narrow woven fabrics and narrow fabrics consisting of warp without weft assembled by adhesive (excluding labels, badges, and similar articles) in Greece declined for the second consecutive year. In 2020, output was valued at 6 578 K $ US, marking a 2.4% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 6.4%, which translates to an annualized decline of 2.2%. The highest production value was recorded in 2018 at 7 123 K $ US, with the largest increase that year at 1.4%. In contrast, the most significant drop occurred in 2019, with a 5.4% decrease.

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

Exports narrow woven fabrics from Greece

Exports in kind, t

After two years of growth, exports of narrow woven fabrics and narrow fabrics consisting of warp without weft assembled by adhesive (excluding labels, badges, and similar articles) from Greece declined. In 2020, exports reached 536 t, showing a modest year-over-year decrease of 8.1%. From 2017 to 2020, exports overall increased by 39.7%, with a compound annual growth rate (CAGR) of 11.8%. The peak export volume was in 2019 at 583 t, while the largest increase was recorded in 2018 at 33.7%.

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

Between 2017 and 2020, Bulgaria, Albania, and Italy were the leading destinations for exports in kind, accounting for 21.3%, 19.2%, and 17.4% of total flows, respectively. Together, these three countries represented 57.9% of all exports in kind during this period.

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

Exports of narrow woven fabrics and narrow fabrics consisting of warp without weft assembled by adhesive (excluding labels, badges, and similar articles) from Greece increased for the third consecutive year. In 2020, exports amounted to 6 520 K $ US, reflecting a year-over-year growth of 1.1%. From 2017 to 2020, exports rose by 15.9%, equivalent to an annualized rate of 5.1%.

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

From 2017 to 2020, the geographical structure of exports in value terms was highly diversified. Bulgaria, Germany, and Russia were the top partners, contributing 27.2%, 10.9%, and 10.4% of total export value, respectively. Combined, these three countries accounted for 48.5% of flows, while the remaining 51.5% was distributed among numerous smaller partner countries.

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

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

Imports narrow woven fabrics to Greece

Imports in kind, t

Following two years of increase, Greece's import volume of narrow woven fabrics and narrow fabrics consisting of warp without weft assembled by adhesive (excluding labels, badges, and similar articles) declined. In 2020, imports reached 994 t, down 13.8% compared to 2019. Over the 2017-2020 period, imports grew by 7.9%, with an annualized rate of 2.6%. The highest import volume was in 2019 at 1 154 t, and the largest increase occurred in 2018 at 13.1%.

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

During 2017-2020, China, Turkey, and Slovakia formed the main cluster for imports in kind, with shares of 50.6%, 15.0%, and 5.9%, respectively. Together, these three markets accounted for 71.5% of total import flows in kind.

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 narrow woven fabrics and narrow fabrics consisting of warp without weft assembled by adhesive (excluding labels, badges, and similar articles) into Greece declined. In 2020, imports reached 6 630 K $ US, a decrease of 21.9% from the previous year. From 2017 to 2020, imports fell by 13.5%, with a compound annual growth rate (CAGR) of -4.7%. The peak import value was in 2019 at 8 490 K $ US, while the largest increase was in 2018 at 10.0%.

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

Throughout 2017-2020, China, Turkey, and Italy remained the key partners for imports in value terms, with shares of 42.9%, 13.3%, and 8.6%, respectively. Combined, these three countries accounted for 64.8% of total import flows in value.

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

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