Greece: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Greece

In 2021, after four years of growth, there was decline in the Greek concentrated orange juice market, when its value decreased by -2.5% to $X. Overall, consumption continues to indicate a pronounced decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Concentrated Orange Juice Production in Greece

In value terms, concentrated orange juice production reduced to $X in 2021 estimated in export price. In general, production saw a noticeable decrease. The growth pace was the most rapid in 2017 with an increase of 30%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Concentrated Orange Juice Exports

Exports from Greece

In 2021, shipments abroad of concentrated orange juice increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 30%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, concentrated orange juice exports soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 34% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for concentrated orange juice exports from Greece, accounting for a 36% share of total exports. Moreover, concentrated orange juice exports to Romania exceeded the volume sent to the second major destination, China (X tons), twofold. Bulgaria (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania stood at +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+74.5% per year) and Bulgaria (+32.0% per year).

In value terms, Romania ($X) remains the key foreign market for concentrated orange juice exports from Greece, comprising 39% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 12% share of total exports. It was followed by China, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+26.6% per year) and China (+48.9% per year).

Export Prices by Country

In 2021, the average concentrated orange juice export price amounted to $X per ton, rising by 6.3% against the previous year. In general, the export price, however, saw a abrupt descent. The growth pace was the most rapid in 2017 an increase of 27% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 Romania (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Concentrated Orange Juice Imports

Imports into Greece

In 2021, approx. X tons of concentrated orange juice were imported into Greece; growing by 24% on the previous year. In general, total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +106.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, concentrated orange juice imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 57% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Belgium (X tons) constituted the largest concentrated orange juice supplier to Greece, with a 33% share of total imports. Moreover, concentrated orange juice imports from Belgium exceeded the figures recorded by the second-largest supplier, Ireland (X tons), twofold. The third position in this ranking was taken by Brazil (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+97.2% per year) and Brazil (+23.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of concentrated orange juice to Greece, comprising 33% of total imports. The second position in the ranking was held by Ireland ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+98.6% per year) and the Netherlands (+3.7% per year).

Import Prices by Country

The average concentrated orange juice import price stood at $X per ton in 2021, with an increase of 8.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 30% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cyprus (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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