Greece - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Greece - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights

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Breakfast Cereal Price in Greece - 2023

Contents:

  1. Breakfast Cereal Price in Greece (CIF) - 2023
  2. Breakfast Cereal Price in Greece (FOB) - 2023
  3. Breakfast Cereal Imports in Greece
  4. Breakfast Cereal Exports in Greece

Breakfast Cereal Price in Greece (CIF) - 2023

The average breakfast cereal import price stood at $3,527 per ton in August 2023, picking up by 8.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in February 2023 an increase of 15% month-to-month. Over the period under review, average import prices attained the peak figure at $3,640 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the UK ($5,015 per ton), while the price for Italy ($2,237 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Breakfast Cereal Price in Greece (FOB) - 2023

In August 2023, the average breakfast cereal export price amounted to $4,432 per ton, with an increase of 1.5% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in February 2023 an increase of 17% month-to-month. Over the period under review, the average export prices attained the peak figure at $4,970 per ton in May 2023; however, from June 2023 to August 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was the United States ($5,568 per ton), while the average price for exports to Austria ($1,675 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports in Greece

In 2022, breakfast cereal imports into Greece amounted to 39K tons, increasing by 5% against the previous year's figure. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, breakfast cereal imports rose rapidly to $115M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Breakfast Cereal in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France21.022.320.620.2-1.3%
Poland8.69.815.116.123.2%
Bulgaria15.414.413.814.7-1.5%
Spain11.117.114.413.67.0%
Germany10.511.110.912.86.8%
Romania0.50.62.611.0180.2%
United Kingdom10.97.07.08.2-9.1%
Netherlands5.15.36.34.4-4.8%
Italy3.33.53.53.95.7%
Turkey3.13.92.71.4-23.3%
Others6.55.75.18.48.9%
Total95.91011021156.2%

Top Suppliers of Breakfast Cereal to Greece in 2022:

  1. France (7.6K tons)
  2. Bulgaria (6.0K tons)
  3. Germany (4.6K tons)
  4. Romania (4.2K tons)
  5. Poland (4.2K tons)
  6. Spain (3.2K tons)
  7. Italy (1.8K tons)
  8. United Kingdom (1.7K tons)
  9. Turkey (1.4K tons)
  10. Netherlands (1.3K tons)

Breakfast Cereal Exports in Greece

In 2022, the amount of breakfast cereals exported from Greece expanded remarkably to 7.3K tons, increasing by 9.5% against 2021 figures. The total export volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, breakfast cereal exports soared to $31M in 2022. The total export value increased at an average annual rate of +11.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Breakfast Cereal in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cyprus4.65.56.610.933.3%
Germany4.15.76.15.510.3%
United States5.32.63.72.5-22.2%
Australia1.21.11.31.712.3%
Belgium0.30.30.81.363.0%
France0.80.61.61.111.2%
United Kingdom1.41.61.01.1-7.7%
Italy0.30.10.30.732.6%
Canada0.40.70.60.614.5%
Albania0.30.40.50.626.0%
Finland0.40.30.40.614.5%
Romania0.50.50.50.50.0%
IsraelN/A0.10.20.4100.0%
Others2.82.62.63.24.6%
Total22.422.126.230.711.1%

Top Export Markets for Breakfast Cereal from Greece in 2022:

  1. Cyprus (2366.2 tons)
  2. Germany (1366.3 tons)
  3. United States (546.7 tons)
  4. Australia (491.6 tons)
  5. Belgium (312.7 tons)
  6. France (285.8 tons)
  7. United Kingdom (253.7 tons)
  8. Albania (191.9 tons)
  9. Romania (170.9 tons)
  10. Canada (150.0 tons)
  11. Finland (133.8 tons)
  12. Italy (125.0 tons)
  13. Israel (113.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the breakfast cereal market in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
  • Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
  • Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals

Country coverage:

  • Greece

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Greece
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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