Greece: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Greece

The Greek pasta and couscous market rose notably to $X in 2022, with an increase of 9.7% against the previous year. In general, consumption, however, recorded a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pasta And Couscous Production in Greece

In value terms, pasta and couscous production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt setback. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Pasta And Couscous Exports

Exports from Greece

In 2022, exports of stuffed pasta and couscous from Greece skyrocketed to X tons, rising by 28% compared with 2021. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 51%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, pasta and couscous exports soared to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 44%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X tons) was the main destination for pasta and couscous exports from Greece, accounting for a 46% share of total exports. Moreover, pasta and couscous exports to Germany exceeded the volume sent to the second major destination, Albania (X tons), threefold. Cyprus (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +64.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+10.8% per year) and Cyprus (+9.1% per year).

In value terms, the largest markets for pasta and couscous exported from Greece were Germany ($X), Cyprus ($X) and Belgium ($X), with a combined 80% share of total exports. Albania, Sweden and Bulgaria lagged somewhat behind, together comprising a further 14%.

Sweden, with a CAGR of +107.4%, recorded the highest growth rate of the value of exports, among 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 pasta and couscous export price stood at $X per ton in 2022, leveling off at the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the 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 Cyprus ($X per ton), while the average price for exports to Albania ($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 China (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Greece

Pasta and couscous imports into Greece rose rapidly to X tons in 2022, with an increase of 12% against the year before. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.0% 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 +115.0% against 2012 indices. The most prominent rate of growth was recorded in 2019 with an increase of 25%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, pasta and couscous imports expanded sharply to $X in 2022. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of pasta and couscous to Greece, accounting for a 46% share of total imports. Moreover, pasta and couscous imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by China (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.9% per year) and China (+26.4% per year).

In value terms, Italy ($X) constituted the largest supplier of stuffed pasta and couscous to Greece, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.9% per year) and China (+28.6% per year).

Import Prices by Country

In 2022, the average pasta and couscous import price amounted to $X per ton, falling by -5.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

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 the Netherlands ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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