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Greece Textiles and Clothing Report Q4 2009Published by: Business Monitor International Published: Sep. 21, 2009 - 40 Pages Table of Contents
AbstractGreece is a small to medium-sized textiles and clothing (T&C) producer that has suffered considerably inrecent years due to the removal of European quotas and other restraints, which have exposed it to the fullforce of low-cost competition from Asian exporters. BMI ranks it as number 32 in the world in terms ofT&C manufacturing value added. In nominal terms, we estimate that to have been worth US$6.03bn in2008. Traditionally more of a textiles producer than clothing producer, we see the industry taking anotherhit in the current down cycle.Overall Greek T&C value added will fall by 10.5% in 2009 and by 1.0% in 2010, reflecting very difficultinternational economic conditions. We see a moderate recovery setting in from 2011, with growth of1.2%. The industry’s trade performance will also reflect the especially difficult international economicsituation. T&C exports will fall by 15.5% in 2009, to US$2.03bn, and by 2.6% in 2010 to US$1.98bn.Imports will drop in 2008 by 3.0% to US$4.27bn due to weak domestic demand. The T&C balance oftrade will be negative for Greece, with a deficit of US$2.24bn in 2009. Get Full Details About This Report >> |
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