Greece: Lysine Market 2024

Lysine Market Size in Greece

The Greek lysine market expanded significantly to $X in 2022, picking up by 9.5% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Lysine consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Lysine Production in Greece

In value terms, lysine production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 25%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Lysine Exports

Exports from Greece

After three years of growth, shipments abroad of lysine and its esters, and salts thereof decreased by -89.3% to X tons in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2019 with an increase of 63,806%. The exports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, lysine exports dropped significantly to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 30,165%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell notably in the following year.

Exports by Country

Albania (X tons) was the main destination for lysine exports from Greece, accounting for a 52% share of total exports. Moreover, lysine exports to Albania exceeded the volume sent to the second major destination, Romania (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 23% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Albania totaled +64.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+27.4% per year) and Poland (-95.3% per year).

In value terms, the largest markets for lysine exported from Greece were Albania ($X), Poland ($X) and Romania ($X), together comprising 99% of total exports.

Albania, with a CAGR of +70.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average lysine export price amounted to $X per ton, waning by -23.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 107% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Cyprus ($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 Italy (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lysine Imports

Imports into Greece

In 2022, lysine imports into Greece rose significantly to X tons, with an increase of 7.3% against the previous year. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by 69%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, lysine imports surged to $X in 2022. In general, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest lysine supplier to Greece, accounting for a 69% share of total imports. Moreover, lysine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was held by France (X tons), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.9% per year) and France (-6.4% per year).

In value terms, China ($X) constituted the largest supplier of lysine and its esters, and salts thereof to Greece, comprising 58% of total imports. The second position in the ranking was held by South Korea ($X), with a 15% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +38.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+20.5% per year) and France (+0.4% per year).

Import Prices by Country

The average lysine import price stood at $X per ton in 2022, jumping by 43% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 France ($X per ton), while the price for China ($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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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