Greece: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Greece

The Greek inedible fish products market fell slightly to $X in 2022, reducing by -3.6% against the previous year. In general, consumption saw a slight reduction. Inedible fish products consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Inedible Fish Products Production in Greece

In value terms, inedible fish products production contracted to $X in 2022 estimated in export price. Overall, production recorded a mild curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 33%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Inedible Fish Products Exports

Exports from Greece

In 2022, the amount of inedible fish products exported from Greece reduced remarkably to X tons, declining by -40.9% compared with the previous year. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 156%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, inedible fish products exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 19% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Spain (X tons) and Norway (X tons) were the main destinations of inedible fish products exports from Greece, with a combined 54% share of total exports. France, Croatia, Tunisia, Cyprus, Malaysia, Turkey, Portugal, the United Arab Emirates and Madagascar lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Madagascar (with a CAGR of +62.8%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Norway ($X) and Spain ($X) appeared to be the largest markets for inedible fish products exported from Greece worldwide, together comprising 54% of total exports. France, Croatia, Cyprus, Tunisia, Malaysia, Portugal, Turkey, the United Arab Emirates and Madagascar lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, Madagascar, with a CAGR of +62.9%, 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 inedible fish products export price stood at $X per ton in 2022, with an increase of 62% against the previous year. Over the period under review, the export price saw a strong expansion. The growth pace was the most rapid in 2020 when the average export price increased by 114%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($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 Malaysia (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Inedible Fish Products Imports

Imports into Greece

In 2022, purchases abroad of inedible fish products increased by 41% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 127% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, inedible fish products imports rose sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 237% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), Norway (X tons) and Germany (X tons) were the main suppliers of inedible fish products imports to Greece, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +146.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest inedible fish products suppliers to Greece were Belgium ($X), Norway ($X) and Thailand ($X), together accounting for 90% of total imports. Germany, the Netherlands, the United States and Italy lagged somewhat behind, together comprising a further 8.8%.

In terms of the main suppliers, Germany, with a CAGR of +122.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2022, reducing by -19.9% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of 48%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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