Greece: Cheese And Curd Market 2024

Cheese And Curd Market Size in Greece

In 2022, the Greek cheese and curd market increased by 18% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. Cheese and curd consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cheese And Curd Production in Greece

In value terms, cheese and curd production declined markedly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 22% against the previous year. Over the period under review, production reached the maximum level at $X in 2021, and then shrank rapidly in the following year.

Cheese And Curd Exports

Exports from Greece

For the eleventh year in a row, Greece recorded growth in overseas shipments of cheese and curd, which increased by 0.1% to X tons in 2022. Overall, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 13%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, cheese and curd exports totaled $X in 2022. Over the period under review, exports showed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 19%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) was the main destination for cheese and curd exports from Greece, with a 31% share of total exports. Moreover, cheese and curd exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by Italy (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+7.3% per year) and Italy (+9.8% per year).

In value terms, Germany ($X) remains the key foreign market for cheese and curd exports from Greece, comprising 30% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+7.3% per year) and Italy (+9.2% per year).

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, rising by 12% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($X per ton) and the United States ($X per ton), while the average price for exports to Cyprus ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Greece

In 2022, overseas purchases of cheese and curd increased by 2.1% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 11%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cheese and curd imports soared to $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Denmark (X tons) were the main suppliers of cheese and curd imports to Greece, together comprising 68% of total imports. Austria, Italy, Bulgaria, Romania, Cyprus, Ireland, Poland and Belgium lagged somewhat behind, together comprising a further 27%.

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

In value terms, the largest cheese and curd suppliers to Greece were Germany ($X), the Netherlands ($X) and Italy ($X), together comprising 67% of total imports. Denmark, Austria, Bulgaria, Romania, Cyprus, Ireland, Belgium and Poland lagged somewhat behind, together comprising a further 28%.

Poland, with a CAGR of +19.0%, 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

In 2022, the average cheese and curd import price amounted to $X per ton, surging by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Poland (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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