Greece: Green Bean Market 2024

Green Bean Market Size in Greece

The Greek green bean market rose to $X in 2022, growing by 1.5% against the previous year. Over the period under review, consumption recorded a abrupt curtailment. Green bean consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Green Bean Production in Greece

In value terms, green bean production skyrocketed to $X in 2022 estimated in export price. In general, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 120%. Green bean production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of green beans in Greece totaled X tons per ha in 2022, approximately reflecting 2021. The yield figure increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average green bean yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green bean harvested area in Greece dropped to X ha in 2022, reducing by -5.5% against 2021 figures. In general, the harvested area saw a deep downturn. The most prominent rate of growth was recorded in 2021 when the harvested area increased by 12% against the previous year. The green bean harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Green Bean Exports

Exports from Greece

In 2022, green bean exports from Greece surged to X tons, increasing by 46% against the previous year's figure. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 250%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, green bean exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for green bean exports from Greece, accounting for a 65% share of total exports. Moreover, green bean exports to Bulgaria exceeded the volume sent to the second major destination, Romania (X tons), threefold. The third position in this ranking was taken by Albania (X tons), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria stood at +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+90.0% per year) and Albania (+24.7% per year).

In value terms, Romania ($X), Bulgaria ($X) and Singapore ($X) appeared to be the largest markets for green bean exported from Greece worldwide, with a combined 86% share of total exports.

Romania, with a CAGR of +91.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average green bean export price amounted to $X per ton, with an increase of 39% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 120%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Green Bean Imports

Imports into Greece

In 2022, supplies from abroad of green beans increased by 74% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 74%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, green bean imports skyrocketed to $X in 2022. Overall, imports recorded a mild expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 93% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest green bean supplier to Greece, with a 65% share of total imports. Moreover, green bean imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by France (X tons), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.1% per year) and France (+14.7% per year).

In value terms, Spain ($X), the Netherlands ($X) and France ($X) constituted the largest green bean suppliers to Greece, with a combined 91% share of total imports.

The Netherlands, with a CAGR of +18.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average green bean import price stood at $X per ton in 2022, falling by -16.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2021 when the average import price increased by 32%. As a result, import price attained the peak level of $X per ton, and then shrank dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :