Greece: Cream Fresh Market 2024

Cream Fresh Market Size in Greece

The Greek cream fresh market skyrocketed to $X in 2022, jumping by 24% against the previous year. Overall, consumption enjoyed a resilient increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Cream Fresh Production in Greece

In value terms, cream fresh production expanded modestly to $X in 2022 estimated in export price. In general, production showed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 333% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cream Fresh Exports

Exports from Greece

In 2022, approx. X tons of cream fresh were exported from Greece; with a decrease of -14.6% on the previous year. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 258%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cream fresh exports fell to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 199%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons), France (X tons) and Albania (X tons) were the main destinations of cream fresh exports from Greece, with a combined 74% share of total exports. Bulgaria, China, Germany and Serbia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +33.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cream fresh exported from Greece were Cyprus ($X), Bulgaria ($X) and France ($X), together comprising 73% of total exports. Albania, China, Germany and Serbia lagged somewhat behind, together accounting for a further 23%.

Germany, with a CAGR of +29.6%, 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 cream fresh export price stood at $X per ton in 2022, growing by 8.3% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh export price increased by +78.8% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of 28% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Germany ($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 Cyprus (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Greece

In 2022, overseas purchases of cream fresh increased by 32% to X tons, rising for the second consecutive year after three years of decline. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 89%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cream fresh imports skyrocketed to $X in 2022. Over the period under review, imports posted measured growth. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest cream fresh supplier to Greece, accounting for a 41% share of total imports. Moreover, cream fresh imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.5% per year) and the Netherlands (+8.6% per year).

In value terms, Germany ($X) constituted the largest supplier of cream fresh to Greece, comprising 34% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+12.0% per year) and France (+2.2% per year).

Import Prices by Country

The average cream fresh import price stood at $X per ton in 2022, surging by 3.1% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh import price increased by +5.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 32%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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