Greece: Coconut Market 2024

Coconut Market Size in Greece

The Greek coconut market reduced dramatically to $X in 2022, which is down by -32.2% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Coconut Production in Greece

In value terms, coconut production reduced rapidly to $X in 2022 estimated in export price. In general, production, however, posted a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 89,973,200%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

In 2022, the average coconut yield in Greece was estimated at less than X kg per ha, remaining constant against 2021 figures. Overall, the yield showed a relatively flat trend pattern. 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 coconuts production in Greece amounted to less than X ha, almost unchanged from 2021. Overall, the harvested area recorded a relatively flat trend pattern.

Coconut Exports

Exports from Greece

For the third consecutive year, Greece recorded decline in shipments abroad of coconuts, which decreased by -17.9% to X tons in 2022. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 when exports increased by 1,461%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, coconut exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 3,309%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bulgaria (X tons), Albania (X tons) and Cyprus (X tons) were the main destinations of coconut exports from Greece, with a combined 94% share of total exports. Romania lagged somewhat behind, comprising a further 2.5%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +88.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coconut exported from Greece were Bulgaria ($X), Cyprus ($X) and Albania ($X), with a combined 88% share of total exports. These countries were followed by Romania, which accounted for a further 2.2%.

Romania, with a CAGR of +87.1%, 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

The average coconut export price stood at $X per ton in 2022, rising by 44% against the previous year. In general, the export price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2015 an increase of 147%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Albania ($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 Bulgaria (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Greece

In 2022, approx. X tons of coconuts were imported into Greece; dropping by -17.4% against 2021 figures. Over the period under review, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 78%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, coconut imports dropped dramatically to $X in 2022. Overall, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 when imports increased by 92% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of coconut to Greece, with a 84% share of total imports. Moreover, coconut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+3.6% per year) and Sri Lanka (-14.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of coconuts to Greece, comprising 64% of total imports. The second position in the ranking was taken by Spain ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+14.8% per year) and Sri Lanka (-10.3% per year).

Import Prices by Country

In 2022, the average coconut import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price showed a slight shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 44%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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