Greece: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Greece

The Greek whole fresh milk market reached $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Whole Fresh Milk Production in Greece

In value terms, whole fresh milk production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 30%. Over the period under review, production reached the peak level at $X in 2013; afterwards, it flattened through to 2022.

Whole Fresh Milk Exports

Exports from Greece

Whole fresh milk exports from Greece reduced rapidly to X tons in 2022, waning by -36.3% on the year before. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 304% against the previous year. The exports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, whole fresh milk exports declined dramatically to $X in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2014 when exports increased by 200%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted notably in the following year.

Exports by Country

Cyprus (X tons), Bulgaria (X tons) and Romania (X tons) were the main destinations of whole fresh milk exports from Greece, together accounting for 87% of total exports. Albania, Serbia and Sweden lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +105.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for whole fresh milk exported from Greece were Cyprus ($X), Bulgaria ($X) and Romania ($X), with a combined 82% share of total exports. Albania, Sweden and Serbia lagged somewhat behind, together comprising a further 15%.

Among the main countries of destination, Serbia, with a CAGR of +96.2%, saw the highest growth rate of 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

The average whole fresh milk export price stood at $X per ton in 2022, reducing by -20.9% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of 29%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Bulgaria ($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 France (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Whole Fresh Milk Imports

Imports into Greece

In 2022, after three years of decline, there was significant growth in supplies from abroad of whole fresh milk, when their volume increased by 6.2% to X tons. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, whole fresh milk imports surged to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 51%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Hungary (X tons) and Romania (X tons) were the main suppliers of whole fresh milk imports to Greece, together comprising 45% of total imports. The Czech Republic, Slovenia, Austria, Poland, the Netherlands and Bulgaria lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +89.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest whole fresh milk suppliers to Greece were Germany ($X), Romania ($X) and Hungary ($X), together accounting for 46% of total imports. The Czech Republic, Austria, Slovenia, Poland, the Netherlands and Bulgaria lagged somewhat behind, together comprising a further 48%.

The Czech Republic, with a CAGR of +93.7%, saw the highest rates of growth with regard to 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

In 2022, the average whole fresh milk import price amounted to $X per ton, surging by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Austria ($X per ton), while the price for Bulgaria ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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