Wood marquetry and inlaid wood and wooden caskets and cases for jewellery or cutlery and similar articles and wooden furniture not classified in chapter 94 market in Greece

Earlier Report Observations

The market for wood marquetry and inlaid wood in Greece expanded in 2019, reaching a value of 7 487 thousand US dollars, up from 7 215 thousand US dollars the previous year.

In 2020, the market contracted sharply to 4 498 thousand US dollars, a drop of approximately 40%, before recovering to 5 432 thousand US dollars in 2021, though it remained below pre-2020 levels.

Production marquetry, inlaid wood and wooden caskets in Greece

In value, 2017-2020, K $ US

Greece's production of wood marquetry, inlaid wood, wooden caskets and cases for jewellery or cutlery, and similar wooden furniture not classified in chapter 94 declined for the second consecutive year. In 2020, output was valued at 1 071 K $ US, representing a 40.0% decrease year-over-year. Between 2017 and 2020, production decreased by 41.6%, equating to an annualized rate of 16.4%. The maximum value was recorded in 2018 at 1 958 K $ US, which also saw the largest increase of 6.7%.

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

Exports marquetry, inlaid wood and wooden caskets from Greece

Exports in kind, t

After a two-year increase, exports of wood marquetry, inlaid wood, wooden caskets and cases for jewellery or cutlery, and similar wooden furniture not classified in chapter 94 from Greece declined. In 2020, Greece exported 83 tonnes, down by 14.5% year-over-year. Over the period 2017-2020, exports increased by 24%, with a compound annual growth rate of 7.4%. The maximum volume was recorded in 2019 at 98 tonnes, while the largest increase occurred in 2018 at 32.3%.

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

From 2017 to 2020, three main markets—Cyprus, Bulgaria, and Israel—together absorbed 53.1% of Greece's total exports in kind of wood marquetry, inlaid wood, wooden caskets and cases for jewellery or cutlery, and similar wooden furniture not classified in chapter 94.

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, cross-border shipments of wood marquetry, inlaid wood, wooden caskets and cases for jewellery or cutlery, and similar wooden furniture not classified in chapter 94 from Greece amounted to 1 350 K $ US, representing a robust gain of 19.1% over the previous year. Over the period 2017-2020, exports increased by 56.3%, with a compound annual growth rate of 16.1%. The largest decline was recorded in 2019 at 9.1%, while the largest increase occurred in 2018 at 44.4%.

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

From 2017 to 2020, three principal markets—Israel, the United States, and Cyprus—together accounted for 52.8% of Greece's total exports in value terms of wood marquetry, inlaid wood, wooden caskets and cases for jewellery or cutlery, and similar wooden furniture not classified in chapter 94.

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

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

Imports marquetry, inlaid wood and wooden caskets to Greece

Imports in kind, t

Greece's volume of imports of wood marquetry, inlaid wood, wooden caskets and cases for jewellery or cutlery, and similar wooden furniture not classified in chapter 94 declined for the second consecutive year. In 2020, imports came to 849 tonnes, corresponding to a decline of 26.3% year-over-year. Over the period 2017-2020, imports decreased by 23.6%, with a compound annual growth rate of 8.6%. The maximum volume was recorded in 2018 at 1 249 tonnes, which also saw the largest increase of 12.3%.

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

From 2017 to 2020, China, Indonesia, and Romania were the primary suppliers of wood marquetry, inlaid wood, wooden caskets and cases for jewellery or cutlery, and similar wooden furniture not classified in chapter 94 to Greece, jointly accounting for 63.1% of total imports in kind. China contributed 39.7%, Indonesia 11.9%, and Romania 11.5%.

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 uptick, imports of wood marquetry, inlaid wood, wooden caskets and cases for jewellery or cutlery, and similar wooden furniture not classified in chapter 94 to Greece declined. In 2020, Greece imported approximately 4 776 K $ US, constituting an intense decline of 30.1% compared to the previous year. Between 2017 and 2020, imports decreased by 17.8%, equating to an annualized rate of 6.3%. The maximum value was recorded in 2019 at 6 833 K $ US, while the largest increase occurred in 2018 at 11.9%.

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

From 2017 to 2020, China, Indonesia, and Italy remained the principal suppliers of wood marquetry, inlaid wood, wooden caskets and cases for jewellery or cutlery, and similar wooden furniture not classified in chapter 94 to Greece, jointly accounting for 64.8% of total imports in value terms. China contributed 42.4%, Indonesia 12.1%, and Italy 10.3%.

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

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