Greece: Poppy Seed Market 2025

Poppy Seed Market Size in Greece

In 2022, the Greek poppy seed market increased by 2% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a abrupt descent. Poppy seed consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Poppy Seed Production in Greece

In value terms, poppy seed production amounted to less than $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern.

In 2022, the average yield of poppy seed in Greece was estimated at less than X kg per ha, therefore, remained relatively stable against 2021. Over the period under review, the yield continues to indicate 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.

In 2022, approx. less than X ha of poppy seed were harvested in Greece; leveling off at the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.

Poppy Seed Exports

Exports from Greece

In 2022, overseas shipments of poppy seed were finally on the rise to reach X tons after two years of decline. Overall, exports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 484% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, poppy seed exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 331%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bulgaria (X tons) was the main destination for poppy seed exports from Greece, accounting for a 60% share of total exports. Moreover, poppy seed exports to Bulgaria exceeded the volume sent to the second major destination, Cyprus (X tons), fourfold. Romania (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bulgaria totaled +65.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+22.5% per year) and Romania (+71.9% per year).

In value terms, Bulgaria ($X) remains the key foreign market for poppy seed exports from Greece, comprising 60% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 16% share of total exports. It was followed by Romania, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Bulgaria totaled +70.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+22.2% per year) and Romania (+78.5% per year).

Export Prices by Country

The average poppy seed export price stood at $X per ton in 2022, shrinking by -1.9% against the previous year. In general, the export price, however, saw buoyant growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 323%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Bulgaria ($X per ton) and Cyprus ($X per ton), while the average price for exports to Germany ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Poppy Seed Imports

Imports into Greece

In 2022, overseas purchases of poppy seed decreased by -20.8% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2018 when imports increased by 70%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, poppy seed imports reduced to $X in 2022. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by 66%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Bulgaria (X tons) and the Netherlands (X tons) were the main suppliers of poppy seed imports to Greece, together comprising 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +6.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Bulgaria ($X), Poland ($X) and the Netherlands ($X) appeared to be the largest poppy seed suppliers to Greece, with a combined 89% share of total imports.

Poland, with a CAGR of +4.1%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2022, the average poppy seed import price amounted to $X per ton, growing by 9.2% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poppy seed import price decreased by -2.5% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Bulgaria ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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