Greece: Maize Market 2025

Maize Market Size in Greece

The Greek maize market expanded slightly to $X in 2022, surging by 1.6% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Maize Production in Greece

In value terms, maize production rose to $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.0% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 132%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average maize yield in Greece was estimated at X tons per ha, standing approx. at the previous year. The yield figure increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 8.3% against the previous year. Over the period under review, the average maize yield hit record highs at X tons per ha in 2016; however, from 2017 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of maize (green) production in Greece amounted to X ha, almost unchanged from 2021. In general, the total harvested area indicated a perceptible expansion from 2012 to 2022: its figure 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, maize harvested area decreased by -1.2% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the harvested area increased by 113% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the maize harvested area remained at a lower figure.

Maize Exports

Exports from Greece

In 2022, the amount of maize (green) exported from Greece soared to X tons, with an increase of 25% against 2021 figures. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 62% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, maize exports skyrocketed to $X in 2022. In general, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 65%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

North Macedonia (X tons), Serbia (X tons) and Albania (X tons) were the main destinations of maize exports from Greece, together comprising 62% of total exports. Bulgaria, the UK, Cyprus, Romania, Malta, Germany and Montenegro lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Malta (with a CAGR of +102.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Bulgaria ($X) and North Macedonia ($X) were the largest markets for maize exported from Greece worldwide, together comprising 55% of total exports. Albania, Cyprus, the UK, Malta, Romania, Germany and Montenegro lagged somewhat behind, together accounting for a further 33%.

Malta, with a CAGR of +98.1%, recorded 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 more modest paces of growth.

Export Prices by Country

The average maize export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 20%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to North Macedonia ($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 Bulgaria (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Imports

Imports into Greece

In 2022, the amount of maize (green) imported into Greece surged to X tons, picking up by 16% against 2021 figures. Over the period under review, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 103%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, maize imports soared to $X in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 84% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of maize to Greece, accounting for a 47% share of total imports. Moreover, maize imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was held by Bulgaria (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.6% per year) and Bulgaria (+57.1% per year).

In value terms, Italy ($X) constituted the largest supplier of maize (green) to Greece, comprising 49% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 22% share of total imports. It was followed by Bulgaria, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.5% per year) and Bulgaria (+63.6% per year).

Import Prices by Country

In 2022, the average maize import price amounted to $X per ton, surging by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2017 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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