Greece: Market for Flaked or Rolled Cereals 2025

Market Size for Flaked or Rolled Cereals in Greece

The Greek flaked or rolled cereal market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Flaked or Rolled Cereals in Greece

In value terms, flaked or rolled cereal production totaled $X in 2022 estimated in export price. In general, production, however, showed a pronounced setback. The growth pace was the most rapid in 2019 with an increase of 53% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Flaked or Rolled Cereals

Exports from Greece

For the third year in a row, Greece recorded growth in shipments abroad of flaked or rolled cereals, which increased by 6.6% to X tons in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2015 when exports increased by 380%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, flaked or rolled cereal exports surged to $X in 2022. Overall, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 119%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons) was the main destination for flaked or rolled cereal exports from Greece, with a 57% share of total exports. Moreover, flaked or rolled cereal exports to Cyprus exceeded the volume sent to the second major destination, Malta (X tons), threefold. Bulgaria (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus amounted to +39.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+269,406.7% per year) and Bulgaria (+2.5% per year).

In value terms, Cyprus ($X) remains the key foreign market for flaked or rolled cereals exports from Greece, comprising 63% of total exports. The second position in the ranking was taken by Malta ($X), with a 13% share of total exports. It was followed by Romania, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus amounted to +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+289,707.0% per year) and Romania (+51.4% per year).

Export Prices by Country

In 2022, the average flaked or rolled cereal export price amounted to $X per ton, with an increase of 8.2% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 281%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Bulgaria ($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 the Netherlands (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flaked or Rolled Cereals

Imports into Greece

In 2022, overseas purchases of flaked or rolled cereals increased by 24% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate strong growth. The growth pace was the most rapid in 2016 with an increase of 204%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, flaked or rolled cereal imports soared to $X in 2022. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 84%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Bulgaria (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of flaked or rolled cereal imports to Greece, together accounting for 77% of total imports. Italy, Ukraine, Austria, the Czech Republic and Romania lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +623.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flaked or rolled cereal suppliers to Greece were the UK ($X), Bulgaria ($X) and Italy ($X), with a combined 67% share of total imports. Germany, Ukraine, the Czech Republic, Austria and Romania lagged somewhat behind, together comprising a further 19%.

The Czech Republic, with a CAGR of +883.2%, 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 flaked or rolled cereal import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 169% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Bulgaria ($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 Czech Republic (+35.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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