Women's knitted swimwear market in Greece

Earlier Report Observations

The Greek market for women's knitted swimwear experienced significant fluctuations in volume between 2018 and 2024. Starting at 3.2 million units in 2018, consumption declined to 2.8 million units in 2019 and stabilized near that level in 2020. A further contraction to 2.6 million units occurred in 2021, before a sharp rebound to 3.5 million units in 2022. The market then receded to 3.3 million units in 2023 and 2.8 million units by the end of the period.

In value terms, the market followed a similar volatile trajectory. The market value decreased from 19.2 million US dollars in 2018 to 16.3 million in 2020, then recovered partially to 17.3 million in 2021. A pronounced peak of 22.5 million dollars was reached in 2022, followed by declines to 21.2 million in 2023 and 17.6 million in 2024.

The period was marked by the notable surge in 2022 for both volume and value, while the overall trend concluded with market metrics returning to levels comparable to 2019. During these years, broader industry developments included a global rise in demand for sustainable swimwear materials and the growth of direct-to-consumer online sales channels.

Production women's knitted swimwear in Greece

In value, 2017-2020, K $ US

Women's knitted swimwear production in Greece has declined for the third consecutive year. In 2020, output was valued at 2 505 K $ US, marking a 25.6% drop from 2019. Over the period from 2017 to 2020, production decreased by 30.7%, with an annualized decline rate of 11.5%.

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

In kind, 2017-2020, K unit

In 2020, Greece produced 127.1 K units of women's knitted swimwear, reflecting a sharp reduction of 36.0% compared to the previous year. Between 2017 and 2020, production fell by 44.9%, equating to an annualized decline of 18.0%. The largest increase occurred in 2019, at 3.6%.

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

Exports women's knitted swimwear from Greece

Exports in kind, K unit

The data shows irregular changes, indicating a volatile market environment. Exports peaked in 2018 at 5 471 K units and reached their lowest point in 2020 at 1 112 K units, a 4.9-fold difference between these years. In 2020, exported volumes from Greece stood at 1 112 K units, representing a steep decline of 54.5% from the previous year. The largest decline was recorded in 2019 at 55.3%, while the largest increase occurred in 2018 at 301.7%.

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

From 2017 to 2020, Italy (38.2% of exports in kind), the United Kingdom (13.3% of exports in kind), and Spain (8.8% of exports in kind) consistently held leading positions in the country structure of exports in kind, jointly accounting for 60.3% of total 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

Exported women's knitted swimwear volumes from Greece have declined for the second consecutive year. In 2020, exports registered 6 794 K $ US, representing a steep decline of 34.4% compared to the previous year. Between 2017 and 2020, exports increased by 3.3%, equating to an annualized growth rate of 1.1%. The maximum value was recorded in 2018 at 10 355 K $ US, with the largest increase that year at 57.5%.

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

From 2017 to 2020, the United Kingdom (27.1% of exports in value terms), Germany (15.4% of exports in value terms), and Turkey (12.8% of exports in value terms) remained the leading destinations in the country structure of exports in value terms, with a combined share of 55.3% of total 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 women's knitted swimwear to Greece

Imports in kind, K unit

The market exhibited an unstable trend throughout the timeframe. Imports peaked in 2018 at 8 486 K units and reached their lowest point in 2020 at 3 762 K units, a 2.3-fold difference between these years. In 2020, Greece's import volume totalled 3 762 K units, down by 25.2% compared to the previous year. The largest decline was recorded in 2019 at 40.7%, while the largest increase occurred in 2018 at 97.5%.

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

From 2017 to 2020, China (43.7% of imports in kind), Albania (15.9% of imports in kind), and Bulgaria (15.2% of imports in kind) led the structure of imports in kind, together representing 74.9% of total 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

Women's knitted swimwear imports into Greece have declined for the second consecutive year. In 2020, imports came to 20 569 K $ US, marking a substantial drop of 18.3% from a year earlier. Between 2017 and 2020, imports decreased by 5%, equating to an annualized decline rate of 1.7%. The maximum value was recorded in 2018 at 26 030 K $ US, with the largest increase that year at 20.3%.

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

From 2017 to 2020, the partner structure for imports in value terms was balanced rather than concentrated: Albania (18.3% of imports in value terms), Bulgaria (16.0% of imports in value terms), and China (13.6% of imports in value terms) jointly represented 47.9% of total flows, while many other countries accounted for the remaining 52.1%.

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

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