Greece: Canned Food Market 2024

Canned Food Market Size in Greece

In 2021, the Greek canned food market decreased by -48.4% to $X, falling for the second consecutive year after four years of growth. In general, consumption saw a noticeable setback. Canned food consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Canned Food Production in Greece

In value terms, canned food production reduced remarkably to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 28%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Canned Food Exports

Exports from Greece

In 2021, approx. X tons of canned food were exported from Greece; with an increase of 12% against the year before. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +34.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 20%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, canned food exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 13%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Germany (X tons) and the UK (X tons) were the main destinations of canned food exports from Greece, together comprising 39% of total exports. These countries were followed by Italy, Belgium, Romania, Bulgaria, the Netherlands, Albania, Australia, Poland, Sweden and Canada, which together accounted for a further 43%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +27.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned food exported from Greece were the United States ($X), Germany ($X) and the UK ($X), with a combined 45% share of total exports. Italy, Romania, Belgium, Australia, the Netherlands, Canada, Bulgaria, Albania, Sweden and Poland lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, Poland, with a CAGR of +21.6%, recorded 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 2020, the average canned food export price amounted to $X per ton, with a decrease of -10.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 8.1% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the United States ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Canned Food Imports

Imports into Greece

In 2021, purchases abroad of canned food increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, canned food imports reached $X in 2021. Over the period under review, imports, however, showed a mild descent. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Albania (X tons) and Germany (X tons) were the main suppliers of canned food imports to Greece, together accounting for 41% of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Albania (with a CAGR of +24.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Albania ($X) constituted the largest canned food suppliers to Greece, with a combined 44% share of total imports.

Among the main suppliers, Albania, with a CAGR of +25.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average canned food import price amounted to $X per ton, increasing by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by France (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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