Greece: Frozen Poultry Liver Market 2024

Frozen Poultry Liver Market Size in Greece

In 2022, the Greek frozen poultry liver market was finally on the rise to reach $X after three years of decline. In general, consumption enjoyed buoyant growth. Frozen poultry liver consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Frozen Poultry Liver Production in Greece

In value terms, frozen poultry liver production stood at $X in 2022 estimated in export price. Over the period under review, production saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 413% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Frozen Poultry Liver Exports

Exports from Greece

In 2022, the amount of frozen poultry livers and offal exported from Greece reduced to X tons, declining by -7.5% against 2021. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +36.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48% against the previous year. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, frozen poultry liver exports rose remarkably to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 67%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X tons), Albania (X tons) and North Macedonia (X tons) were the main destinations of frozen poultry liver exports from Greece, with a combined 72% share of total exports. Cyprus, Serbia, Ghana, Congo and the Netherlands lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +53.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen poultry liver exported from Greece were Bulgaria ($X), Cyprus ($X) and Albania ($X), with a combined 56% share of total exports. North Macedonia, Serbia, Congo, the Netherlands and Ghana lagged somewhat behind, together accounting for a further 17%.

In terms of the main countries of destination, Congo, with a CAGR of +69.4%, recorded the highest growth rate of 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 frozen poultry liver export price stood at $X per ton in 2022, growing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2013 when the average export price increased by 23%. 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.

There were significant differences in the average prices for the major foreign markets. In 2022, 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 Poultry Liver Imports

Imports into Greece

In 2022, the amount of frozen poultry livers and offal imported into Greece rose to X tons, surging by 4.3% against the year before. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +21.7% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 19%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, frozen poultry liver imports skyrocketed to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +63.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Poland (X tons) and Bulgaria (X tons) were the main suppliers of frozen poultry liver imports to Greece, with a combined 63% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +26.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen poultry liver suppliers to Greece were the Netherlands ($X), Poland ($X) and Bulgaria ($X), with a combined 59% share of total imports.

Poland, with a CAGR of +26.9%, saw the highest growth rate of the value of imports, among 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 poultry liver import price amounted to $X per ton, rising by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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