Greece: Chili And Pepper Market 2024

Chili And Pepper Market Size in Greece

The Greek chili and pepper market expanded significantly to $X in 2022, surging by 8.6% against the previous year. Over the period under review, consumption enjoyed resilient growth. Chili and pepper consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Chili And Pepper Production in Greece

In value terms, chili and pepper production expanded to $X in 2022 estimated in export price. Over the period under review, production saw prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 68% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of chilies and peppers (green) in Greece rose sharply to X tons per ha in 2022, picking up by 7.1% compared with 2021 figures. Overall, the yield posted a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 51% against the previous year. The chili and pepper yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of chilies and peppers (green) production in Greece rose to X ha, increasing by 2.1% compared with the previous year. In general, the harvested area, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of 7.6% against the previous year. Over the period under review, the harvested area dedicated to chili and pepper production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Chili And Pepper Exports

Exports from Greece

In 2022, after two years of growth, there was significant decline in overseas shipments of chilies and peppers (green), when their volume decreased by -14% to X tons. In general, exports saw a slight descent. The pace of growth appeared the most rapid in 2016 with an increase of 13%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, chili and pepper exports fell remarkably to $X in 2022. Overall, exports saw a slight shrinkage. The growth pace was the most rapid in 2013 when exports increased by 22%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons), Germany (X tons) and Austria (X tons) were the main destinations of chili and pepper exports from Greece, with a combined 60% share of total exports. Romania, Serbia, Slovakia, the Czech Republic, Albania and North Macedonia lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +22.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Serbia ($X) constituted the largest markets for chili and pepper exported from Greece worldwide, together comprising 57% of total exports. Slovakia, Bulgaria, the Czech Republic, Romania, Albania and North Macedonia lagged somewhat behind, together comprising a further 28%.

Romania, with a CAGR of +20.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chili and pepper export price amounted to $X per ton, declining by -9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Bulgaria ($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 Serbia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Greece

Chili and pepper imports into Greece rose notably to X tons in 2022, growing by 14% on the previous year. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 65% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, chili and pepper imports rose rapidly to $X in 2022. Overall, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.7% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Turkey (X tons) and North Macedonia (X tons) were the main suppliers of chili and pepper imports to Greece, together accounting for 73% of total imports. Spain, Israel and Bulgaria lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +40.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of chilies and peppers (green) to Greece, comprising 46% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+22.6% per year) and Spain (+41.6% per year).

Import Prices by Country

In 2022, the average chili and pepper import price amounted to $X per ton, dropping by -5.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 66% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 Bulgaria (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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