Greece: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Greece

In 2021, the Greek sweet biscuit market increased by 0.5% to $X, rising for the sixth year in a row after two years of decline. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Sweet Biscuit Production in Greece

In value terms, sweet biscuit production reached $X in 2021 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +75.8% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 20% against the previous year. Over the period under review, production reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Sweet Biscuit Exports

Exports from Greece

In 2021, overseas shipments of sweet biscuits decreased by -2.7% to X tons, falling for the second year in a row after five years of growth. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2018 with an increase of 47%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, sweet biscuit exports rose slightly to $X in 2021. Overall, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 63% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bulgaria (X tons), Cyprus (X tons) and Saudi Arabia (X tons) were the main destinations of sweet biscuit exports from Greece, together accounting for 55% of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +127.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweet biscuit exported from Greece were Bulgaria ($X), Cyprus ($X) and Saudi Arabia ($X), together comprising 52% of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +111.4%, recorded the highest growth rate of 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 2021, the average sweet biscuit export price amounted to $X per ton, growing by 5.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 11%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Greece

In 2021, after five years of growth, there was significant decline in overseas purchases of sweet biscuits, when their volume decreased by -18.4% to X tons. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 21% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, sweet biscuit imports fell to $X in 2021. Overall, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2016 with an increase of 17%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of sweet biscuit imports to Greece, with a combined 57% 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 the Czech Republic (with a CAGR of +97.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit suppliers to Greece were Spain ($X), Germany ($X) and Italy ($X), with a combined 52% share of total imports. These countries were followed by the Czech Republic, Poland, the Netherlands, the UK, France, Bulgaria and Belgium, which together accounted for a further 40%.

Among the main suppliers, the Czech Republic, with a CAGR of +88.0%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average sweet biscuit import price amounted to $X per ton, growing by 5% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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