Greece: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Greece

In 2022, the Greek mushroom and truffle market increased by 3.3% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Mushroom And Truffle Production in Greece

In value terms, mushroom and truffle production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 191% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average mushroom and truffle yield in Greece amounted to less than X kg per ha, approximately reflecting 2021 figures. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The mushroom and truffle harvested area in Greece stood at less than X ha in 2022, standing approx. at 2021. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Greece

In 2022, shipments abroad of mushrooms and truffles increased by 42% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 141%. As a result, the exports attained the peak of X tons; afterwards, it flattened through to 2022.

In value terms, mushroom and truffle exports surged to $X in 2022. Over the period under review, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Albania (X tons) was the main destination for mushroom and truffle exports from Greece, with a 41% share of total exports. Moreover, mushroom and truffle exports to Albania exceeded the volume sent to the second major destination, France (X tons), fourfold. Cyprus (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Albania totaled +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+167.5% per year) and Cyprus (-1.8% per year).

In value terms, the largest markets for mushroom and truffle exported from Greece were France ($X), the UK ($X) and Cyprus ($X), with a combined 45% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +362.8%, 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 mushroom and truffle export price stood at $X per ton in 2022, growing by 145% against the previous year. Overall, the export price saw tangible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to North Macedonia ($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 Poland (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mushroom And Truffle Imports

Imports into Greece

In 2022, approx. X tons of mushrooms and truffles were imported into Greece; with an increase of 13% compared with the year before. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +21.7% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of 41%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, mushroom and truffle imports expanded modestly to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +46.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X tons) was the main supplier of mushroom and truffle to Greece, accounting for a approx. 97% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +11.0%.

In value terms, Poland ($X) constituted the largest supplier of mushrooms and truffles to Greece.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +10.8%.

Import Prices by Country

The average mushroom and truffle import price stood at $X per ton in 2022, waning by -7.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Poland.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to -0.2% per year.

Source: IndexBox Platform

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