Greece: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Greece

After two years of growth, the Greek tomato ketchup market decreased by -2.9% to $X in 2022. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.6% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.

Tomato Ketchup Production in Greece

In value terms, tomato ketchup production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 21%. Over the period under review, production attained the maximum level at $X in 2021, and then fell slightly in the following year.

Tomato Ketchup Exports

Exports from Greece

In 2022, approx. X tons of tomato ketchup and tomato sauces were exported from Greece; standing approx. at the previous year. In general, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 30% 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 remained at a lower figure.

In value terms, tomato ketchup exports amounted to $X in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by +0.0% against 2018 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 37% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Cyprus (X tons), Sweden (X tons) and Albania (X tons) were the main destinations of tomato ketchup exports from Greece, together accounting for 44% of total exports. Hungary, the UK, Bulgaria, Italy, France, Germany and Australia lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +121.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tomato ketchup exported from Greece were Cyprus ($X), Bulgaria ($X) and Albania ($X), together accounting for 44% of total exports. Sweden, Hungary, the UK, Italy, France, Germany and Australia lagged somewhat behind, together comprising a further 39%.

In terms of the main countries of destination, Hungary, with a CAGR of +124.0%, saw the highest rates of growth with regard to 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 2022, the average tomato ketchup export price amounted to $X per ton, flattening at the previous year. Overall, the export price showed a mild increase. The growth pace was the most rapid in 2020 when the average export price increased by 25% against the previous year. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 Australia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Greece

In 2022, purchases abroad of tomato ketchup and tomato sauces was finally on the rise to reach X tons after four years of decline. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 42%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, tomato ketchup imports stood at $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +21.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 36% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Italy (X tons) constituted the largest tomato ketchup supplier to Greece, accounting for a 34% share of total imports. Moreover, tomato ketchup imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Bulgaria (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.7% per year) and Bulgaria (+41.6% per year).

In value terms, Italy ($X) constituted the largest supplier of tomato ketchup and tomato sauces to Greece, comprising 42% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total imports. It was followed by Spain, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.7% per year) and Spain (+22.6% per year).

Import Prices by Country

The average tomato ketchup import price stood at $X per ton in 2022, reducing by -4.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 25%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 the Netherlands (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :