Greece: Spinach Market 2025

Spinach Market Size in Greece

In 2022, the Greek spinach market decreased by -17.7% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Spinach Production in Greece

In value terms, spinach production dropped sharply to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. As a result, production reached the peak level of $X, and then shrank remarkably in the following year.

In 2022, the average spinach yield in Greece expanded remarkably to X tons per ha, increasing by 6.6% on the previous year's figure. Over the period under review, the yield, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average spinach yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of spinach production in Greece dropped dramatically to X ha, with a decrease of -19.9% on the previous year's figure. Over the period under review, the harvested area, however, showed strong growth. The growth pace was the most rapid in 2021 when the harvested area increased by 66% against the previous year. As a result, the harvested area reached the peak level of X ha, and then dropped rapidly in the following year.

Spinach Exports

Exports from Greece

In 2022, shipments abroad of spinach decreased by -12.5% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 121%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, spinach exports reduced notably to $X in 2022. Overall, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 165%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons) was the main destination for spinach exports from Greece, accounting for a 76% share of total exports. Moreover, spinach exports to Bulgaria exceeded the volume sent to the second major destination, Romania (X tons), fourfold. Cyprus (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+26.0% per year) and Cyprus (+0.6% per year).

In value terms, the largest markets for spinach exported from Greece were Turkey ($X), Bulgaria ($X) and Cyprus ($X), together accounting for 85% of total exports.

Turkey, with a CAGR of +102.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spinach export price stood at $X per ton in 2022, shrinking by -10.1% against the previous year. In general, the export price, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Romania ($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 Turkey (+152.7%), while the prices for the other major destinations experienced more modest paces of growth.

Spinach Imports

Imports into Greece

In 2022, the amount of spinach imported into Greece contracted to X tons, approximately equating the previous year's figure. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by 85%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, spinach imports reduced to $X in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 129%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest spinach supplier to Greece, accounting for a 73% share of total imports. Moreover, spinach imports from Italy exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), fivefold. The third position in this ranking was taken by Belgium (X tons), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +48.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+1.1% per year) and Belgium (-3.3% per year).

In value terms, Italy ($X) constituted the largest supplier of spinach to Greece, comprising 75% of total imports. The second position in the ranking was held by Bulgaria ($X), with a 16% share of total imports. It was followed by Belgium, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +42.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+14.8% per year) and Belgium (+1.7% per year).

Import Prices by Country

In 2022, the average spinach import price amounted to $X per ton, shrinking by -8% against the previous year. Overall, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 45%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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