Greece: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Greece

The Greek meat meals and pellets market was finally on the rise to reach $X in 2021, after six years of decline. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Meat meals and pellets consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Greece

In value terms, meat meals and pellets production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible reduction. The growth pace was the most rapid in 2013 when the production volume increased by 26% against the previous year. Meat meals and pellets production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Greece

In 2021, overseas shipments of flours, meals and pellets of meat or meat offal were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 372%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, meat meals and pellets exports soared to $X in 2021. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 347% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Bulgaria (X tons) and Poland (X tons) were the main destinations of meat meals and pellets exports from Greece, together comprising 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +48.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat meals and pellets exported from Greece were Italy ($X), Bulgaria ($X) and Poland ($X), together comprising 96% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +63.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat meals and pellets export price stood at $X per ton in 2021, with an increase of 43% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The export price peaked 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Italy ($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 Poland (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Greece

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were imported into Greece; with an increase of 135% on the year before. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, meat meals and pellets imports surged to $X in 2021. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of meat meals and pellets to Greece, accounting for a 47% share of total imports. Moreover, meat meals and pellets imports from Poland exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland totaled +86.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+15.9% per year) and Germany (+71.3% per year).

In value terms, Poland ($X) constituted the largest supplier of flours, meals and pellets of meat or meat offal to Greece, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Hungary, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland amounted to +94.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+84.0% per year) and Hungary (+48.1% per year).

Import Prices by Country

The average meat meals and pellets import price stood at $X per ton in 2021, surging by 43% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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