Greece: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Greece

The Greek frozen atlantic halibut market declined notably to $X in 2020, which is down by -X% against the previous year. In general, consumption, however, showed a dramatic slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Frozen atlantic halibut consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Frozen Atlantic Halibut Production in Greece

In value terms, frozen atlantic halibut production dropped to $X in 2020 estimated in export prices. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Frozen atlantic halibut production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Frozen Atlantic Halibut Exports

Exports from Greece

In 2020, shipments abroad of frozen atlantic halibut decreased by -X% to X kg, falling for the fifth consecutive year after four years of growth. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, frozen atlantic halibut exports fell notably to $X in 2020. Overall, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Italy (X tons) was the main destination for frozen atlantic halibut exports from Greece, with a X% share of total exports. Moreover, frozen atlantic halibut exports to Italy exceeded the volume sent to the second major destination, Germany (X kg), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to Italy totaled +X%.

In value terms, Italy ($X) remains the key foreign market for frozen atlantic halibut exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Italy stood at +X%.

Export Prices by Country

The average frozen atlantic halibut export price stood at $X per ton in 2019, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2009; however, from 2010 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably for the major external markets. In 2019, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany.

Frozen Atlantic Halibut Imports

Imports into Greece

In 2020, the amount of frozen atlantic halibut imported into Greece dropped dramatically to X kg, with a decrease of -X% against the previous year. Over the period under review, imports faced a dramatic descent. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tons in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut imports contracted rapidly to $X in 2020. In general, imports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. As a result, imports reached the peak of $X. from 2010 to 2020, the growth imports remained at a lower figure.

Imports by Country

Spain (X kg), the U.S. (X kg) and Italy (X kg) were the main suppliers of frozen atlantic halibut imports to Greece, with a combined X% share of total imports. Denmark, the Netherlands and Germany lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark, while imports for the other leaders experienced a decline.

In value terms, the largest frozen atlantic halibut suppliers to Greece were the Netherlands ($X), Spain ($X) and Denmark ($X), with a combined X% share of total imports.

Among the main suppliers, Spain saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average frozen atlantic halibut import price stood at $X per ton in 2019, rising by X% against the previous year. Over the period under review, the import price saw temperate growth. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. The import price peaked in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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