Greece - Butter And Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Greece - Butter And Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights

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Price for Butter and Dairy Spreads in Greece - 2023

Contents:

  1. Price for Butter and Dairy Spreads in Greece (CIF) - 2023
  2. Price for Butter and Dairy Spreads in Greece (FOB) - 2023
  3. Imports of Butter and Dairy Spreads in Greece
  4. Exports of Butter and Dairy Spreads in Greece

Price for Butter and Dairy Spreads in Greece (CIF) - 2023

In July 2023, the average butter and dairy spreads import price amounted to $5,667 per ton, with a decrease of -6.3% against the previous month. Overall, the import price continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in April 2023 an increase of 20% against the previous month. The import price peaked at $6,992 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Denmark ($7,523 per ton), while the price for Bulgaria ($4,495 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Denmark (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Butter and Dairy Spreads in Greece (FOB) - 2023

In July 2023, the average butter and dairy spreads export price amounted to $4,289 per ton, which is down by -8% against the previous month. Over the period under review, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in December 2022 an increase of 44% against the previous month. As a result, the export price reached the peak level of $7,945 per ton. From January 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Cyprus ($8,631 per ton), while the average price for exports to Bulgaria ($2,575 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Butter and Dairy Spreads in Greece

Butter and dairy spreads imports into Greece rose modestly to 9.2K tons in 2022, increasing by 2.7% on 2021 figures. Overall, imports, however, showed a slight downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 3.8%.

In value terms, butter and dairy spreads imports skyrocketed to $60M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Butter and Dairy Spreads in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands10.86.69.413.78.3%
Germany7.77.310.311.815.3%
Denmark7.28.69.68.76.5%
Italy3.55.35.48.534.4%
France5.03.75.17.414.0%
Poland1.81.51.14.838.7%
Belgium2.22.51.92.20.0%
Romania1.21.41.41.0-5.9%
Others1.80.51.32.15.3%
Total41.237.445.560.213.5%

Top Suppliers of Butter and Dairy Spreads to Greece in 2022:

  1. Netherlands (2.0K tons)
  2. Germany (1.7K tons)
  3. Denmark (1.5K tons)
  4. Italy (1.2K tons)
  5. France (1.1K tons)
  6. Poland (0.7K tons)
  7. Romania (0.4K tons)
  8. Belgium (0.3K tons)

Exports of Butter and Dairy Spreads in Greece

In 2022, butter and dairy spreads exports from Greece surged to 2.1K tons, growing by 43% compared with 2021 figures. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.6% 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 increased by +66.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, butter and dairy spreads exports skyrocketed to $8.9M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.4% 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 +70.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Butter and Dairy Spreads in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania3.03.94.63.44.3%
Bulgaria1.00.70.52.332.0%
Cyprus1.01.41.31.923.9%
ItalyN/AN/AN/A0.50%
NetherlandsN/AN/AN/A0.30%
Others0.20.30.40.426.0%
Total5.26.46.98.919.6%

Top Export Markets for Butter and Dairy Spreads from Greece in 2022:

  1. Bulgaria (881.3 tons)
  2. Romania (717.5 tons)
  3. Cyprus (257.8 tons)
  4. Italy (146.3 tons)
  5. Netherlands (70.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for butter and dairy spreads 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:

  • FCL 983 - Butter and Ghee of Sheep Milk
  • FCL 1022 - Butter of Goat Milk
  • FCL 952 - Butter of Buffalo Milk
  • FCL 886 - Butter of Cow Milk

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. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. 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, PRODUCING ANIMALS AND YIELD
  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. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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