Greece: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Greece

In 2022, the Greek margarine and shortening market increased by X% to $X, rising for the sixth year in a row after three years of decline. In general, the total consumption indicated temperate 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 2016 indices. Margarine and shortening consumption peaked in 2022 and is expected to retain growth in years to come.

Margarine And Shortening Production in Greece

In value terms, margarine and shortening production declined modestly to $X in 2022 estimated in export price. In general, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Margarine And Shortening Exports

Exports from Greece

In 2022, shipments abroad of margarine and shortening increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, margarine and shortening exports surged to $X in 2022. Overall, exports recorded a noticeable expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Bulgaria (X tons) was the main destination for margarine and shortening exports from Greece, accounting for a X% share of total exports. Moreover, margarine and shortening exports to Bulgaria exceeded the volume sent to the second major destination, Israel (X tons), fourfold. Albania (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Albania (X% per year).

In value terms, the largest markets for margarine and shortening exported from Greece were Bulgaria ($X), Israel ($X) and Albania ($X), together accounting for X% of total exports.

Israel, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 margarine and shortening export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price 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, margarine and shortening export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Margarine And Shortening Imports

Imports into Greece

In 2022, supplies from abroad of margarine and shortening decreased by X% to X tons, falling for the third year in a row after four years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, margarine and shortening imports rose notably to $X in 2022. In general, total imports indicated a perceptible expansion 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Sweden (X tons) and Belgium (X tons) were the main suppliers of margarine and shortening imports to Greece, together accounting for X% of total imports. Italy, Denmark, Spain, Romania, the Netherlands, Turkey, Germany, Bulgaria, Austria and Cyprus lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Sweden ($X) and Belgium ($X) were the largest margarine and shortening suppliers to Greece, together accounting for X% of total imports. Italy, the Netherlands, Spain, Denmark, Romania, Germany, Turkey, Cyprus, Bulgaria and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average margarine and shortening import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price 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, margarine and shortening import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :