Greece: Crispbread Market 2024

Crispbread Market Size in Greece

The Greek crispbread market reduced sharply to $X in 2021, dropping by -83.9% against the previous year. Overall, consumption showed a abrupt slump. Crispbread consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Crispbread Production in Greece

In value terms, crispbread production reduced sharply to $X in 2021 estimated in export price. Overall, production recorded a sharp decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 52%. Crispbread production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Crispbread Exports

Exports from Greece

In 2021, overseas shipments of crispbread increased by 7.8% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 376% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, crispbread exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 399%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons) was the main destination for crispbread exports from Greece, accounting for a 55% share of total exports. Moreover, crispbread exports to Cyprus exceeded the volume sent to the second major destination, North Macedonia (X tons), fourfold. The third position in this ranking was held by Bulgaria (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Cyprus stood at -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+1,353.9% per year) and Bulgaria (-12.9% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for crispbread exports from Greece, comprising 53% of total exports. The second position in the ranking was held by North Macedonia ($X), with a 12% share of total exports. It was followed by Sweden, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus stood at -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+2,082.9% per year) and Sweden (0.0% per year).

Export Prices by Country

In 2021, the average crispbread export price amounted to $X per ton, increasing by 27% against the previous year. In general, the export price, however, showed a pronounced decline. The growth pace was the most rapid in 2018 when the average export price increased by 94%. Over the period under review, the average export prices hit record highs 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 export markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Bulgaria ($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 North Macedonia (+49.5%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Greece

For the sixth consecutive year, Greece recorded growth in purchases abroad of crispbread, which increased by 26% to X tons in 2021. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 54%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, crispbread imports surged to $X in 2021. Over the period under review, imports showed a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by 48% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of crispbread to Greece, with a 78% share of total imports. Moreover, crispbread imports from Germany exceeded the figures recorded by the second-largest supplier, Finland (X tons), sevenfold. The third position in this ranking was taken by Denmark (X tons), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +55.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+16.0% per year) and Denmark (+23.1% per year).

In value terms, Germany ($X) constituted the largest supplier of crispbread to Greece, comprising 68% of total imports. The second position in the ranking was held by Finland ($X), with a 13% share of total imports. It was followed by Denmark, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +51.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+13.1% per year) and Denmark (+18.9% per year).

Import Prices by Country

In 2021, the average crispbread import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 17%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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