Home / Knowledge / News / Textiles / Greek textile & apparel sectors post poor performance

Greek textile & apparel sectors post poor performance

19
Jun '12
The textile and apparel sectors in Greece have performed poorly during the first three months of the current year.
 
In the textile sector, production declined by 22.7 percent year-on-year in January-March 2012 period. Similarly, overall sales dropped by 22.8 percent year-on-year, with sales in the domestic market dipping by 24.4 percent.
 
During the three-month period, textile exports from Greece fell by 15 percent year-on-year to €94.2 million, while textile imports slid by 20.3 percent to €114 million.
 
There was a 27 percent drop in new orders for textiles during the period under review.
 
The only consolation in the textile sector performance was cotton exports, which grew by 162 percent year-on-year to €148 million.
 
In the apparel sector, the overall sales dipped by 16.6 percent year-on-year during the first quarter of the current year, with domestic sales falling by 17.9 percent.
 
Garment production witnessed a decline of 16.5 percent y-o-y during the quarter. 
 
In the domestic market, retail sales of apparel contracted by 21.7 percent y-o-y, while new orders dipped 18.8 percent.
 
Clothing exports from Greece declined by 12.4 percent y-o-y to €131 million during the quarter, while imports dropped 9.2 percent to €374 million.
 
Since 2007, Greece apparel market is estimated to have contracted by about 50 percent from €7 billion to €3.5 billion at present.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jul 2021

Vietnam opens new rail freight link to Belgium on China-Europe line

Vietnam Railways (VNR) has added a new rail freight link from Vietnam ...

Pic: Shutterstock

Textiles | On 26th Jul 2021

UK launches consultation on scheme for trade with developing nations

The United Kingdom recently launched a consultation on new trading...

Pic: Shutterstock

Textiles | On 26th Jul 2021

Prime Content| Rising demand to positively impact Australian wool exports: TexPro

Australian wool exports are expected to grow in the current season...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability will be both financially &...

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Gus Bartholomew,

Gus Bartholomew

<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search