Report Update Nov 1, 2024

Greece - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Greece: Soya Bean Market 2024

Soya Bean Market Size in Greece

In 2021, after two years of decline, there was significant growth in the Greek soya bean market, when its value increased by 12% to $X. In general, consumption continues to indicate a slight shrinkage. Soya bean consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Soya Bean Production in Greece

In value terms, soya bean production surged to $X in 2021 estimated in export price. Over the period under review, production posted resilient growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 339%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

In 2021, the average yield of soya beans in Greece surged to X tons per ha, jumping by 48% on 2020 figures. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by 422%. The soya bean yield peaked at X tons per ha in 2015; however, from 2016 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of soya beans in Greece stood at X ha, increasing by 2% compared with the previous year's figure. Over the period under review, the harvested area showed a resilient expansion. The growth pace was the most rapid in 2013 when the harvested area increased by 88% against the previous year. The soya bean harvested area peaked at X ha in 2019; afterwards, it flattened through to 2021.

Soya Bean Exports

Exports from Greece

After four years of growth, overseas shipments of soya beans decreased by -55% to X tons in 2021. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 785%. The exports peaked at X tons in 2020, and then shrank markedly in the following year.

In value terms, soya bean exports reduced rapidly to $X in 2021. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 368%. The exports peaked at $X in 2020, and then fell dramatically in the following year.

Exports by Country

Bulgaria (X tons) was the main destination for soya bean exports from Greece, with a 83% share of total exports. Moreover, soya bean exports to Bulgaria exceeded the volume sent to the second major destination, Italy (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria stood at +91.9%.

In value terms, Bulgaria ($X) and Italy ($X) were the largest markets for soya bean exported from Greece worldwide.

In terms of the main countries of destination, Bulgaria, with a CAGR of +68.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2021, rising by 57% against the previous year. In general, the export price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2016 an increase of 138%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Bulgaria stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.7%).

Soya Bean Imports

Imports into Greece

In 2021, purchases abroad of soya beans decreased by -13.7% to X tons, falling for the third year in a row after four years of growth. Overall, imports showed a mild contraction. The most prominent rate of growth was recorded in 2015 with an increase of 8.4% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, soya bean imports skyrocketed to $X in 2021. In general, imports recorded a slight slump. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X tons), the United States (X tons) and Ukraine (X tons) were the main suppliers of soya bean imports to Greece, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +41.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soya bean suppliers to Greece were Brazil ($X), the United States ($X) and Ukraine ($X), together accounting for 92% of total imports.

Among the main suppliers, Brazil, with a CAGR of +41.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soya bean import price stood at $X per ton in 2021, picking up by 47% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Romania ($X per ton), while the price for Canada ($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 (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soya beans in the world?

The countries with the highest volumes of soya bean consumption in 2021 were China, the United States and Argentina, together accounting for 68% of global consumption.

What are the largest producers of soya beans in the world?

The countries with the highest volumes of soya bean production in 2021 were Brazil, the United States and Argentina, together comprising 80% of global production. China, India, Paraguay and Canada lagged somewhat behind, together accounting for a further 14%.

What are the leading suppliers of soya beans to Greece?

In value terms, the largest soya bean suppliers to Greece were Brazil, the United States and Ukraine, together accounting for 92% of total imports.

What are the leading importers of soya beans from Greece?

In value terms, Bulgaria, Italy and Cyprus were the largest markets for soya bean exported from Greece worldwide, together comprising 100% of total exports.

What is the average export price for soya beans in Greece?

The average soya bean export price stood at $779 per ton in 2021, growing by 60% against the previous year.

What is the average import price for soya beans in Greece?

In 2021, the average soya bean import price amounted to $586 per ton, increasing by 47% against the previous year.

This report provides an in-depth analysis of the soya bean market in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 236 - Soybeans

Country coverage:

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023