Report Update Nov 1, 2024

Greece - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

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Greece: Animal Fats Market 2024

Animal Fats Market Size in Greece

In 2021, the Greek animal fats market decreased by -18.8% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +6.4% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then contracted dramatically in the following year.

Animal Fats Production in Greece

In value terms, animal fats production fell to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Animal Fats Exports

Exports from Greece

In 2021, exports of animal fats and oils from Greece surged to X tons, rising by 515% against the previous year's figure. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,197%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, animal fats exports soared to $X in 2021. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for animal fats exports from Greece, with a 71% share of total exports. Moreover, animal fats exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+14.2% per year) and Bulgaria (+16.1% per year).

In value terms, the Netherlands ($X), Italy ($X) and Bulgaria ($X) were the largest markets for animal fats exported from Greece worldwide.

Italy, with a CAGR of +30.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average animal fats export price stood at $X per ton in 2021, picking up by 244% against the previous year. Over the period under review, the export price showed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+14.3%).

Animal Fats Imports

Imports into Greece

In 2021, supplies from abroad of animal fats and oils increased by 86% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 20,598%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, animal fats imports soared to $X in 2021. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,780%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Bulgaria (X tons) and Cyprus (X tons) were the main suppliers of animal fats imports to Greece.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +37.7%).

In value terms, Bulgaria ($X) constituted the largest supplier of animal fats and oils to Greece, comprising 67% of total imports. The second position in the ranking was taken by Cyprus ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Bulgaria amounted to +51.8%.

Import Prices by Country

In 2021, the average animal fats import price amounted to $X per ton, picking up by 6% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 415%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Cyprus stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal fats and oils in the world?

The countries with the highest volumes of animal fats consumption in 2020 were China, the U.S. and India, with a combined 27% share of global consumption. These countries were followed by Italy, Japan, Russia, Brazil, Indonesia, Spain, Germany, Mexico, Pakistan and France, which together accounted for a further 26%.

What are the largest producers of animal fats and oils in the world?

China remains the largest animal fats producing country worldwide, comprising approx. 15% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. India ranked third in terms of total production with a 5.6% share.

What are the leading suppliers of animal fats and oils to Greece?

In value terms, Bulgaria constituted the largest supplier of animal fats to Greece, comprising 68% of total imports. The second position in the ranking was occupied by Italy, with a 8.2% share of total imports.

What are the leading importers of animal fats and oils from Greece?

In value terms, Bulgaria remains the key foreign market for animal fats exports from Greece.

What is the average export price for animal fats and oils in Greece?

The average animal fats export price stood at $458 per ton in 2020, growing by 7.8% against the previous year.

What is the average import price for animal fats and oils in Greece?

The average animal fats import price stood at $2,185 per ton in 2020, with a decrease of -27.1% against the previous year.

This report provides an in-depth analysis of the animal fats market in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

Country coverage:

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023