Report Update: May 1, 2024

Greece - Fructose And Fructose Syrup - Market Analysis, Forecast, Size, Trends And Insights

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Fructose Price in Greece - 2023

Fructose Price in Greece (CIF) - 2022

The average fructose import price stood at $1,077 per ton in 2022, with a decrease of -12.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 37% against the previous year. The import price peaked at $1,347 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($3,018 per ton), while the price for Bulgaria ($613 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Fructose Price in Greece (FOB) - 2022

In 2022, the average fructose export price amounted to $2,419 per ton, increasing by 23% against the previous year. Over the period under review, export price indicated modest growth 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. Based on 2022 figures, fructose export price increased by +66.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 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 Italy ($15,000 per ton), while the average price for exports to the Czech Republic ($641 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 Italy (+287.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fructose Imports in Greece

In 2022, the amount of fructose and fructose syrup imported into Greece surged to 12K tons, jumping by 32% compared with the previous year's figure. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fructose imports skyrocketed to $13M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Fructose in Greece (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	779	1,082	1,494	2,322	43.9%
Bulgaria	808	1,249	1,098	1,767	29.8%
Turkey	768	926	1,143	1,588	27.4%
Netherlands	528	765	960	1,166	30.2%
Hungary	442	456	400	999	31.2%
France	437	716	825	853	25.0%
Mexico	283	537	586	773	39.8%
Belgium	291	294	512	682	32.8%
Italy	1,153	461	923	500	-24.3%
Spain	21.1	31.5	341	390	164.4%
Austria	255	282	218	211	-6.1%
Israel	216	121	208	149	-11.6%
United Kingdom	391	502	287	61.0	-46.2%
Others	584	1,232	1,938	1,181	26.5%
Total	6,956	8,656	10,935	12,641	22.0%

Top Suppliers of Fructose to Greece in 2022:

Bulgaria (2884.9 tons)
Germany (2326.6 tons)
Turkey (1888.5 tons)
Netherlands (790.5 tons)
Hungary (737.3 tons)
Belgium (580.7 tons)
France (474.6 tons)
Italy (328.4 tons)
Mexico (256.1 tons)
Spain (244.7 tons)
Austria (244.2 tons)
Israel (106.1 tons)
United Kingdom (33.8 tons)

Fructose Exports in Greece

In 2022, overseas shipments of fructose and fructose syrup decreased by -13.8% to 198 tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.4% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 101%. As a result, the exports reached the peak of 284 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, fructose exports expanded rapidly to $479K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 54%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Export of Fructose in Greece (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cyprus	46.7	52.8	78.8	253	75.6%
Poland	0.4	N/A	11.4	72.7	466.4%
Albania	37.8	40.7	46.7	64.7	19.6%
Romania	26.1	7.3	28.9	25.3	-1.0%
Serbia	4.8	11.6	13.4	19.5	59.6%
Bulgaria	59.0	17.5	31.8	8.2	-48.2%
Czech Republic	5.8	1.9	81.0	3.0	-19.7%
Italy	N/A	192	N/A	N/A	0%
Others	86.9	88.5	161	32.6	-27.9%
Total	267	412	453	479	21.5%

Top Export Markets for Fructose from Greece in 2022:

Italy (undefined tons)
Cyprus (78.3 tons)
Albania (48.9 tons)
Romania (20.4 tons)
Serbia (19.3 tons)
Poland (13.1 tons)
Bulgaria (7.3 tons)
Czech Republic (4.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the fructose 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 10621320 - Chemically pure fructose in solid form, fructose and fructose syrup, containing in the dry state > .50 % of fructose, i soglucose excluding with added flavouring or colouring matter

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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