Greece: Market for Butter And Dairy Spreads 2025

Market Size for Butter And Dairy Spreads in Greece

The Greek butter and dairy spreads market surged to $X in 2022, picking up by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Butter and dairy spreads consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Butter And Dairy Spreads

Exports from Greece

For the third consecutive year, Greece recorded growth in shipments abroad of butter and dairy spreads, which increased by 43% to X tons in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 501% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, butter and dairy spreads exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 410% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Bulgaria (X tons), Romania (X tons) and Cyprus (X tons) were the main destinations of butter and dairy spreads exports from Greece, together accounting for 87% of total exports. Italy, the Netherlands and Poland lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +174.0%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Bulgaria ($X) and Cyprus ($X) were the largest markets for butter and dairy spreads exported from Greece worldwide, together accounting for 86% of total exports. Italy, the Netherlands and Poland lagged somewhat behind, together accounting for a further 11%.

The Netherlands, with a CAGR of +148.1%, saw 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

The average butter and dairy spreads export price stood at $X per ton in 2022, declining by -10.2% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 45% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Bulgaria ($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 Poland (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports into Greece

Butter and dairy spreads imports into Greece expanded slightly to X tons in 2022, increasing by 2.7% compared with 2021. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 21% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, butter and dairy spreads imports skyrocketed to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 53%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of butter and dairy spreads imports to Greece, with a combined 57% share of total imports. Italy, France, Poland, Romania and Bulgaria lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +18.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Denmark ($X) appeared to be the largest butter and dairy spreads suppliers to Greece, together accounting for 57% of total imports. Italy, France, Poland, Bulgaria and Romania lagged somewhat behind, together accounting for a further 38%.

Poland, with a CAGR of +27.7%, recorded the highest growth rate of 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 butter and dairy spreads import price stood at $X per ton in 2022, with an increase of 30% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads import price increased by +52.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 45%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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