Greece: Cherry Market 2024

Cherry Market Size in Greece

The Greek cherry market soared to $X in 2022, with an increase of 17% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.5% against 2019 indices. Cherry consumption peaked in 2022 and is likely to continue growth in years to come.

Cherry Production in Greece

In value terms, cherry production rose markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 54%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of cherries in Greece fell modestly to X tons per ha in 2022, which is down by -2.9% compared with the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 23%. The cherry yield peaked at X tons per ha in 2016; however, from 2017 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 cherry harvested area in Greece expanded significantly to X ha in 2022, picking up by 11% compared with the year before. Overall, the total harvested area indicated prominent growth from 2012 to 2022: its figure increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cherry harvested area decreased by -9.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the cherry harvested area failed to regain momentum.

Cherry Exports

Exports from Greece

In 2022, shipments abroad of cherries decreased by -12.8% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 166%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cherry exports dropped rapidly to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 116%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Romania (X tons) and Italy (X tons) were the main destinations of cherry exports from Greece, with a combined 50% share of total exports. Poland, Bulgaria, Latvia, Lithuania, the Netherlands, Croatia, the UK, Spain, Estonia and Finland lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +119.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for cherries exports from Greece, comprising 36% of total exports. The second position in the ranking was held by Poland ($X), with a 10% share of total exports. It was followed by Italy, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+34.7% per year) and Italy (+15.8% per year).

Export Prices by Country

In 2022, the average cherry export price amounted to $X per ton, declining by -3.1% against the previous year. In general, the export price showed a perceptible contraction. The pace of growth was the most pronounced in 2019 an increase of 19% 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 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 Finland ($X per ton), while the average price for exports to Romania ($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 Finland (-0.2%), while the prices for the other major destinations experienced a decline.

Cherry Imports

Imports into Greece

Cherry imports into Greece soared to X tons in 2022, increasing by 57% against the previous year. Overall, imports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2014 with an increase of 648%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cherry imports soared to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 604% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), Spain (X tons) and Cyprus (X tons) were the main suppliers of cherry imports to Greece, together accounting for 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cyprus (with a CAGR of +31.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of cherries to Greece, comprising 45% of total imports. The second position in the ranking was taken by Cyprus ($X), with a 22% share of total imports. It was followed by Italy, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+41.0% per year) and Italy (-4.9% per year).

Import Prices by Country

In 2022, the average cherry import price amounted to $X per ton, reducing by -24.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 91% against the previous year. The import price peaked at $X per ton in 2021, and then declined 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 ($X per ton), while the price for North Macedonia ($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 (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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