Greece: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Greece

For the fourth year in a row, the Greek market for powdered, condensed or evaporated milk recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a mild 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, consumption increased by X% against 2018 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Powdered, Condensed Or Evaporated Milk in Greece

In value terms, powdered, condensed or evaporated milk production reduced markedly to $X in 2022 estimated in export price. Over the period under review, production showed a precipitous descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Powdered, condensed or evaporated milk production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Greece

In 2022, exports of powdered, condensed or evaporated milk from Greece expanded rapidly to X tons, picking up by X% on the previous year. In general, total exports indicated strong growth 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 most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk exports contracted slightly to $X in 2022. Overall, exports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Cyprus (X tons) and Bulgaria (X tons) were the main destinations of powdered, condensed or evaporated milk exports from Greece, with a combined X% share of total exports.

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

In value terms, the largest markets for powdered, condensed or evaporated milk exported from Greece were Cyprus ($X), Romania ($X) and Bulgaria ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, dropping by X% against the previous year. In general, the export price saw a pronounced descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 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 Albania ($X per ton), while the average price for exports to Romania ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Greece

In 2022, overseas purchases of powdered, condensed or evaporated milk decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced slightly in the following year.

In value terms, powdered, condensed or evaporated milk imports surged to $X in 2022. Overall, total imports indicated a mild 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of powdered, condensed or evaporated milk to Greece, with a X% share of total imports. Moreover, powdered, condensed or evaporated milk imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, the largest powdered, condensed or evaporated milk suppliers to Greece were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined X% share of total imports. France, Poland, Romania and Italy lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for powdered, condensed or evaporated milk amounted to $X per ton, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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