Greece: Baby Food Market 2024

Baby Food Market Size in Greece

The Greek baby food market declined to $X in 2021, shrinking by -4% against the previous year. In general, consumption showed a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Baby Food Production in Greece

In value terms, baby food production declined notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 33%. Baby food production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Baby Food Exports

Exports from Greece

Baby food exports from Greece contracted significantly to X tons in 2021, waning by -37.3% on 2020 figures. Over the period under review, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 47%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, baby food exports contracted to $X in 2021. Overall, exports recorded a mild decline. The pace of growth was the most pronounced in 2014 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for baby food exports from Greece, accounting for a 81% share of total exports. Moreover, baby food exports to Cyprus exceeded the volume sent to the second major destination, Albania (X tons), sevenfold. The third position in this ranking was held by Egypt (X tons), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus stood at -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+3.5% per year) and Egypt (-9.9% per year).

In value terms, Cyprus ($X) remains the key foreign market for food preparations for infants exports from Greece, comprising 90% of total exports. The second position in the ranking was held by Albania ($X), with a 6.5% share of total exports. It was followed by Egypt, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+5.4% per year) and Egypt (-5.7% per year).

Export Prices by Country

The average baby food export price stood at $X per ton in 2021, surging by 46% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Germany ($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 Egypt (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Food Imports

Imports into Greece

In 2021, the amount of food preparations for infants imported into Greece declined rapidly to X tons, falling by -17.6% on 2020. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 5%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, baby food imports declined to $X in 2021. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of baby food to Greece, accounting for a 68% share of total imports. Moreover, baby food imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. Spain (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.7% per year) and Spain (-16.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of food preparations for infants to Greece, comprising 54% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.9% per year) and Germany (-1.0% per year).

Import Prices by Country

In 2021, the average baby food import price amounted to $X per ton, growing by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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