Greece: Shelled Hazelnut Market 2024

Shelled Hazelnut Market Size in Greece

In 2021, the Greek shelled hazelnut market increased by 14% to $X, rising for the fourth consecutive year after five years of decline. Over the period under review, consumption, however, recorded a mild contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Shelled Hazelnut Production in Greece

In value terms, shelled hazelnut production shrank to $X in 2021 estimated in export price. Over the period under review, production recorded a mild decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by 80%. Shelled hazelnut production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Shelled Hazelnut Exports

Exports from Greece

Shelled hazelnut exports from Greece rose significantly to X tons in 2021, growing by 13% against the year before. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 66% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, shelled hazelnut exports reached $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 62%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons) was the main destination for shelled hazelnut exports from Greece, with a 57% share of total exports. Moreover, shelled hazelnut exports to Cyprus exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. The third position in this ranking was taken by Romania (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-7.4% per year) and Romania (+111.9% per year).

In value terms, Cyprus ($X) remains the key foreign market for shelled hazelnuts exports from Greece, comprising 58% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 22% share of total exports. It was followed by Romania, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-7.2% per year) and Romania (+109.4% per year).

Export Prices by Country

The average shelled hazelnut export price stood at $X per ton in 2021, with a decrease of -11.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 139% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Shelled Hazelnut Imports

Imports into Greece

In 2021, shelled hazelnut imports into Greece skyrocketed to X tons, rising by 32% compared with 2020 figures. Over the period under review, imports, however, showed a slight curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, shelled hazelnut imports soared to $X in 2021. In general, imports, however, continue to indicate a slight shrinkage. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) was the main shelled hazelnut supplier to Greece, accounting for a 91% share of total imports. Moreover, shelled hazelnut imports from Turkey exceeded the figures recorded by the second-largest supplier, Georgia (X tons), more than tenfold. Bulgaria (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (-12.1% per year) and Bulgaria (+14.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of shelled hazelnuts to Greece, comprising 89% of total imports. The second position in the ranking was held by Georgia ($X), with a 3% share of total imports. It was followed by Romania, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (-13.0% per year) and Romania (-7.3% per year).

Import Prices by Country

In 2021, the average shelled hazelnut import price amounted to $X per ton, which is down by -10.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 58%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Georgia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform