Greece: Carob Market 2025

Carob Market Size in Greece

The Greek carob market reduced to $X in 2022, waning by -7.3% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Carob Production in Greece

In value terms, carob production declined markedly to $X in 2022 estimated in export price. In general, production, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of 197%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of carob in Greece amounted to X tons per ha in 2022, surging by 2.2% on 2021. Overall, the yield showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 101%. The carob yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The carob harvested area in Greece reduced modestly to X ha in 2022, waning by -2.3% on the previous year's figure. Overall, the harvested area showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 4.7%. The carob harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Carob Exports

Exports from Greece

In 2022, shipments abroad of carob increased by 11% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2020 with an increase of 1,614%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, carob exports reduced to $X in 2022. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 568% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for carob exports from Greece, with a 93% share of total exports. Moreover, carob exports to Cyprus exceeded the volume sent to the second major destination, Croatia (X tons), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Cyprus totaled +33.5%.

In value terms, Cyprus ($X) remains the key foreign market for carob exports from Greece, comprising 85% of total exports. The second position in the ranking was taken by Croatia ($X), with an 11% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Cyprus amounted to +33.9%.

Export Prices by Country

The average carob export price stood at $X per ton in 2022, waning by -17.7% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 154% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Cyprus totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Carob Imports

Imports into Greece

In 2022, the amount of carob imported into Greece surged to X tons, jumping by 16% compared with the previous year's figure. In general, imports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2015 with an increase of 8,561% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, carob imports rose notably to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by 5,230% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest carob supplier to Greece, with a 67% share of total imports. Moreover, carob imports from Turkey exceeded the figures recorded by the second-largest supplier, Algeria (X tons), twofold. Germany (X kg) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +50.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (-15.0% per year) and Germany (-31.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of carob to Greece, comprising 71% of total imports. The second position in the ranking was held by Algeria ($X), with a 23% share of total imports. It was followed by Germany, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +42.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (+0.1% per year) and Germany (-20.3% per year).

Import Prices by Country

The average carob import price stood at $X per ton in 2022, waning by -6.5% against the previous year. Overall, the import price, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 242% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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