Greece: Tea Market 2025

Tea Market Size in Greece

The Greek tea market contracted to $X in 2022, dropping by -5.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt descent. The growth pace was the most rapid in 2016 when the market value increased by 8%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tea Exports

Exports from Greece

In 2022, overseas shipments of tea were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of 113% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, tea exports rose sharply to $X in 2022. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2017 when exports increased by 52%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons) was the main destination for tea exports from Greece, accounting for a 36% share of total exports. Moreover, tea exports to Cyprus exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Germany (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus totaled -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+35.5% per year) and Germany (-3.2% per year).

In value terms, Cyprus ($X) remains the key foreign market for tea exports from Greece, comprising 36% of total exports. The second position in the ranking was held by Germany ($X), with a 9% share of total exports. It was followed by the United States, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus totaled -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.2% per year) and the United States (-7.4% per year).

Export Prices by Country

In 2022, the average tea export price amounted to $X per ton, falling by -16% against the previous year. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2015 an increase of 34% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Sweden ($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 Austria (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tea Imports

Imports into Greece

In 2022, supplies from abroad of tea decreased by -2% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 3.7% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, tea imports declined slightly to $X in 2022. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 9.4%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of tea imports to Greece, together accounting for 60% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +7.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X) constituted the largest supplier of tea to Greece, comprising 41% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Sri Lanka, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.7% per year) and Sri Lanka (-10.9% per year).

Import Prices by Country

In 2022, the average tea import price amounted to $X per ton, picking up by 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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