Greece: Wheat Bran Market 2024

Wheat Bran Market Size in Greece

In 2022, the Greek wheat bran market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Wheat Bran Production in Greece

In value terms, wheat bran production skyrocketed to $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wheat Bran Exports

Exports from Greece

In 2022, after two years of decline, there was significant growth in overseas shipments of wheat bran, when their volume increased by X% to X tons. Overall, exports, however, showed a noticeable slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat bran exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a mild setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Cyprus (X tons) was the main destination for wheat bran exports from Greece, accounting for a X% share of total exports. Moreover, wheat bran exports to Cyprus exceeded the volume sent to the second major destination, Italy (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Cyprus amounted to X%.

In value terms, Cyprus ($X) emerged as the key foreign market for wheat bran exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Cyprus amounted to X%.

Export Prices by Country

In 2022, the average wheat bran export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a tangible expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wheat Bran Imports

Imports into Greece

In 2022, the amount of wheat bran imported into Greece amounted to X tons, with an increase of X% compared with the year before. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, wheat bran imports skyrocketed to $X in 2022. Over the period under review, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest supplier of wheat bran to Greece, accounting for a X% share of total imports. Moreover, wheat bran imports from Bulgaria exceeded the figures recorded by the second-largest supplier, North Macedonia (X tons), threefold. The third position in this ranking was held by Serbia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bulgaria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (X% per year) and Serbia (X% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of wheat bran to Greece, comprising X% of total imports. The second position in the ranking was taken by North Macedonia ($X), with an X% share of total imports. It was followed by Serbia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Bulgaria totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (X% per year) and Serbia (X% per year).

Import Prices by Country

In 2022, the average wheat bran import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bulgaria ($X per ton) and Romania ($X per ton), while the price for North Macedonia ($X per ton) and Serbia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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