Greece: Nuts Market 2024

Nuts Market Size in Greece

In 2022, the Greek nuts market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Nuts Production in Greece

In value terms, nuts production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average nuts yield in Greece declined slightly to X tons per ha, falling by X% compared with the previous year. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X%. The nuts yield peaked at X tons per ha in 2017; however, from 2018 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 nuts harvested area in Greece declined to X ha, with a decrease of X% against 2021. In general, the total harvested area indicated a perceptible expansion from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nuts harvested area increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. The nuts harvested area peaked at X ha in 2021, and then declined modestly in the following year.

Nuts Exports

Exports from Greece

In 2022, shipments abroad of nuts increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, nuts exports reduced to $X in 2022. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for nuts exports from Greece, accounting for a X% share of total exports. Moreover, nuts exports to Italy exceeded the volume sent to the second major destination, Albania (X tons), sixfold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (X% per year) and Germany (X% per year).

In value terms, Italy ($X) remains the key foreign market for nuts exports from Greece, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average nuts export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a mild decrease. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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

Nuts Imports

Imports into Greece

In 2022, approx. X tons of nuts were imported into Greece; falling by X% against 2021 figures. In general, imports saw a pronounced descent. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, nuts imports shrank remarkably to $X in 2022. Overall, imports showed a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Chile (X tons) and China (X tons) were the main suppliers of nuts imports to Greece, together accounting for X% of total imports.

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

In value terms, the largest nuts suppliers to Greece were the United States ($X), Turkey ($X) and Chile ($X), together comprising X% of total imports.

Chile, with a CAGR of X%, saw the highest rates of growth with regard to 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 nuts import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price showed a slight setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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