Greece: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in Greece

In 2022, after three years of decline, there was significant growth in the Greek frozen chicken cut market, when its value increased by 249% to $X. In general, consumption enjoyed perceptible growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Chicken Cut Production in Greece

In value terms, frozen chicken cut production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +59.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 74% against the previous year. Frozen chicken cut production peaked in 2022 and is likely to see steady growth in the immediate term.

Frozen Chicken Cut Exports

Exports from Greece

In 2022, approx. X tons of frozen cuts of chicken were exported from Greece; waning by -7.3% compared with 2021. Overall, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, frozen chicken cut exports rose sharply to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 68%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Bulgaria (X tons), Albania (X tons) and North Macedonia (X tons) were the main destinations of frozen chicken cut exports from Greece, together comprising 72% of total exports. Cyprus, Serbia, Ghana, Congo and the Netherlands lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +53.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Cyprus ($X) and Albania ($X) were the largest markets for frozen chicken cut exported from Greece worldwide, with a combined 55% share of total exports. North Macedonia, Serbia, Congo, the Netherlands and Ghana lagged somewhat behind, together accounting for a further 17%.

Congo, with a CAGR of +69.4%, recorded 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

In 2022, the average frozen chicken cut export price amounted to $X per ton, rising by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 an increase of 24%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Serbia ($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 Congo (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Chicken Cut Imports

Imports into Greece

In 2022, overseas purchases of frozen cuts of chicken increased by 18% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, frozen chicken cut imports soared to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of frozen chicken cut to Greece, with a 37% share of total imports. Moreover, frozen chicken cut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+6.1% per year) and Poland (+25.2% per year).

In value terms, the Netherlands ($X), Bulgaria ($X) and Poland ($X) were the largest frozen chicken cut suppliers to Greece, together comprising 69% of total imports.

Poland, with a CAGR of +24.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen chicken cut import price amounted to $X per ton, with an increase of 27% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. 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 France ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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