Greece: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Greece

The Greek market for concentrated lemon and other citrus fruit juice contracted remarkably to $X in 2021, with a decrease of -55.2% against the previous year. In general, consumption, however, recorded a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped dramatically in the following year.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Greece

In value terms, production of concentrated lemon and other citrus fruit juice contracted to $X in 2021 estimated in export price. In general, production, however, showed a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Greece

In 2021, shipments abroad of concentrated lemon and other citrus fruit juice increased by 124% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, recorded a noticeable downturn. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of concentrated lemon and other citrus fruit juice skyrocketed to $X in 2021. Over the period under review, exports, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 152%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), Poland (X tons) and Germany (X tons) were the main destinations of exports of concentrated lemon and other citrus fruit juice from Greece, together comprising 65% of total exports. The Netherlands, Spain, the United States, Slovenia, Croatia, Hungary, Lithuania, Italy and the Czech Republic lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +147.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concentrated lemon and other citrus fruit juice exported from Greece were France ($X), Poland ($X) and Spain ($X), with a combined 63% share of total exports. These countries were followed by Germany, the Netherlands, Slovenia, the United States, Croatia, Hungary, Italy, Lithuania and the Czech Republic, which together accounted for a further 28%.

Croatia, with a CAGR of +100.6%, saw 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 export price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, picking up by 7.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 20% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Hungary ($X per ton), while the average price for exports to the United States ($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 Hungary (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Greece

Imports of concentrated lemon and other citrus fruit juice into Greece contracted rapidly to X tons in 2021, with a decrease of -33.8% compared with 2020 figures. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 460%. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, imports of concentrated lemon and other citrus fruit juice shrank rapidly to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 198%. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

Germany (X tons), Bulgaria (X tons) and Italy (X tons) were the main suppliers of imports of concentrated lemon and other citrus fruit juice to Greece, with a combined 71% share of total imports. The Netherlands, Spain, Egypt, South Africa and Argentina lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +59.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest concentrated lemon and other citrus fruit juice suppliers to Greece, with a combined 67% share of total imports. Spain, Bulgaria, South Africa, Egypt and Argentina lagged somewhat behind, together comprising a further 29%.

Egypt, with a CAGR of +101.6%, recorded the highest growth rate of 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 2021, the average import price for concentrated lemon and other citrus fruit juice amounted to $X per ton, growing by 3.2% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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