Greece: Smoked Salmon Market 2024

Smoked Salmon Market Size in Greece

In 2022, the Greek smoked salmon market increased by 49% to $X, rising for the third year in a row after three years of decline. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +64.5% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Smoked Salmon Production in Greece

In value terms, smoked salmon production stood at $X in 2022 estimated in export price. In general, production, however, recorded a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Smoked Salmon Exports

Exports from Greece

In 2022, after two years of growth, there was decline in overseas shipments of smoked pacific, atlantic and danube salmon, when their volume decreased by -0.8% to X tons. Overall, exports, however, continue to indicate a mild increase. The pace of growth was the most pronounced in 2014 with an increase of 97%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, smoked salmon exports reduced to $X in 2022. Over the period under review, exports, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2014 with an increase of 109% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for smoked salmon exports from Greece, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) also remains the key foreign market for smoked pacific, atlantic and danube salmon exports from Greece.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to +1.1%.

Export Prices by Country

In 2022, the average smoked salmon export price amounted to $X per ton, shrinking by -11% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 25% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +0.2% per year.

Smoked Salmon Imports

Imports into Greece

In 2022, imports of smoked pacific, atlantic and danube salmon into Greece surged to X tons, with an increase of 131% against the year before. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 208% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, smoked salmon imports surged to $X in 2022. In general, imports recorded prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 129%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest smoked salmon supplier to Greece, accounting for a 89% share of total imports. Moreover, smoked salmon imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Denmark (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.9% per year) and Denmark (+9.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of smoked pacific, atlantic and danube salmon to Greece, comprising 79% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.4% share of total imports. It was followed by Denmark, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.6% per year) and Denmark (+12.9% per year).

Import Prices by Country

In 2022, the average smoked salmon import price amounted to $X per ton, waning by -13.6% against the previous year. In general, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 17%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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