Greece: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Greece

The Greek orange juice (single strength) market contracted modestly to $X in 2022, reducing by -3.5% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Orange Juice (Single Strength) in Greece

In value terms, orange juice (single strength) production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 79% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Orange Juice (Single Strength)

Exports from Greece

In 2022, orange juice (single strength) exports from Greece soared to X tons, with an increase of 17% compared with the year before. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 140% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, orange juice (single strength) exports stood at $X in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 260% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Cyprus (X tons) and Serbia (X tons) were the main destinations of orange juice (single strength) exports from Greece, together comprising 51% of total exports. The Netherlands, Albania, the United States, Austria, Poland, Saudi Arabia, Italy, Slovakia, North Macedonia and Latvia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +277.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for orange juice (single strength) exported from Greece were Germany ($X), Cyprus ($X) and Serbia ($X), with a combined 52% share of total exports. The Netherlands, the United States, Albania, Austria, Poland, Saudi Arabia, Latvia, Italy, North Macedonia and Slovakia lagged somewhat behind, together accounting for a further 39%.

Slovakia, with a CAGR of +237.3%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average orange juice (single strength) export price amounted to $X per ton, declining by -10.9% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orange juice (single strength) export price increased by +9.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 75% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Greece

In 2022, supplies from abroad of orange juice (single strength) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 91%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, orange juice (single strength) imports fell to $X in 2022. Overall, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Cyprus (X tons) were the main suppliers of orange juice (single strength) imports to Greece, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +99.6%), while imports for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of orange juice (single strength) to Greece, comprising 63% of total imports. The second position in the ranking was held by Germany ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +103.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.1% per year) and Cyprus (-3.7% per year).

Import Prices by Country

The average orange juice (single strength) import price stood at $X per ton in 2022, dropping by -4.2% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orange juice (single strength) import price increased by +161.9% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 97%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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