Greece: Chestnut Market 2025

Chestnut Market Size in Greece

The Greek chestnut market fell slightly to $X in 2021, with a decrease of -4.3% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.1% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Chestnut Production in Greece

In value terms, chestnut production shrank slightly to $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

The average yield of chestnuts in Greece contracted to X tons per ha in 2021, waning by -7.7% compared with the previous year. Overall, the yield indicated resilient growth from 2012 to 2021: its figure increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chestnut yield increased by +9.1% against 2019 indices. The growth pace was the most rapid in 2014 when the yield increased by 68%. The chestnut yield peaked at X tons per ha in 2020, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the chestnut harvested area in Greece stood at X ha, approximately reflecting the previous year's figure. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the harvested area increased by 11%. Over the period under review, the harvested area dedicated to chestnut production attained the peak figure at X ha in 2018; however, from 2019 to 2021, the harvested area failed to regain momentum.

Chestnut Exports

Exports from Greece

After two years of growth, shipments abroad of chestnuts decreased by -5.2% to X tons in 2021. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2014 with an increase of 162%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, chestnut exports surged to $X in 2021. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 168% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for chestnut exports from Greece, with a 73% share of total exports. Moreover, chestnut exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), tenfold. The third position in this ranking was held by Albania (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+55.2% per year) and Albania (+24.8% per year).

In value terms, Italy ($X) remains the key foreign market for chestnut exports from Greece, comprising 77% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Spain, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+63.6% per year) and Spain (+4.8% per year).

Export Prices by Country

In 2021, the average chestnut export price amounted to $X per ton, growing by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Albania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Chestnut Imports

Imports into Greece

Chestnut imports into Greece soared to X tons in 2021, increasing by 57% on the year before. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 91%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, chestnut imports skyrocketed to $X in 2021. In general, imports continue to indicate a buoyant expansion. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest chestnut supplier to Greece, with a 62% share of total imports. Moreover, chestnut imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+90.6% per year) and Turkey (+1.0% per year).

In value terms, the largest chestnut suppliers to Greece were China ($X), the Netherlands ($X) and France ($X), with a combined 83% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +94.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average chestnut import price amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of 31% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Albania (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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