Greece: Tomato Puree Market 2024

Tomato Puree Market Size in Greece

The Greek tomato puree market skyrocketed to $X in 2022, jumping by 102% against the previous year. Overall, consumption, however, continues to indicate a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tomato Puree Production in Greece

In value terms, tomato puree production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a deep reduction. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Tomato Puree Exports

Exports from Greece

After two years of growth, shipments abroad of tomato puree and paste decreased by -2.2% to X tons in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, tomato puree exports shrank to $X in 2022. Overall, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for tomato puree exports from Greece, with a 31% share of total exports. Moreover, tomato puree exports to the UK exceeded the volume sent to the second major destination, Poland (X tons), fourfold. Germany (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-4.9% per year) and Germany (+0.6% per year).

In value terms, the UK ($X) remains the key foreign market for tomato puree and paste exports from Greece, comprising 28% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by Austria, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-7.1% per year) and Austria (+9.6% per year).

Export Prices by Country

In 2022, the average tomato puree export price amounted to $X per ton, waning by -3.6% against the previous year. Overall, the export price saw a mild decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 6.6% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Hungary ($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 Italy (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Puree Imports

Imports into Greece

In 2022, after four years of decline, there was significant growth in overseas purchases of tomato puree and paste, when their volume increased by 48% to X tons. Over the period under review, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 52%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tomato puree imports surged to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Egypt (X tons) and Slovenia (X tons) were the main suppliers of tomato puree imports to Greece, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +281.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato puree suppliers to Greece were Italy ($X), Egypt ($X) and Slovenia ($X), together comprising 68% of total imports.

Slovenia, with a CAGR of +309.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tomato puree import price stood at $X per ton in 2022, picking up by 24% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato puree import price increased by +83.4% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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