Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Greece - 2023
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Greece (FOB) - 2023
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Greece (CIF) - 2022
- Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Greece
- Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Greece
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Greece (FOB) - 2023
In September 2023, the average export price for oil seeds; cotton seeds, other than seed, whether or not broken amounted to $462 per ton, shrinking by -3.4% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 8.8% m-o-m. Over the period under review, the average export prices attained the peak figure at $493 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In September 2023, the highest price was recorded for prices to Italy ($494 per ton) and the Czech Republic ($483 per ton), while the average price for exports to Japan ($363 per ton) and Jordan ($426 per ton) were amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Greece (CIF) - 2022
In 2022, the average import price for oil seeds; cotton seeds, other than seed, whether or not broken amounted to $769 per ton, falling by -46.9% against the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 382% against the previous year. The import price peaked at $2,935 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($4,943 per ton), while the price for Bulgaria amounted to $749 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Greece
In 2022, the amount of oil seeds; cotton seeds, other than seed, whether or not broken exported from Greece soared to 247K tons, with an increase of 29% against the previous year's figure. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, exports of oil seeds; cotton seeds, other than seed, whether or not broken surged to $105M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.4% 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 +74.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 36.3 | 39.9 | 44.3 | 40.3 | 3.5% |
| Saudi Arabia | 10.0 | 12.5 | 13.7 | 23.8 | 33.5% |
| Spain | 3.2 | 3.9 | 1.4 | 20.5 | 85.7% |
| United Arab Emirates | 1.7 | 3.0 | 1.3 | 4.8 | 41.3% |
| Qatar | 0.9 | 2.1 | 0.7 | 3.3 | 54.2% |
| Japan | 2.2 | 1.4 | 3.6 | 3.3 | 14.5% |
| Oman | 0.4 | 0.8 | 1.7 | 2.1 | 73.8% |
| South Korea | 2.0 | 3.3 | 0.7 | 0.8 | -26.3% |
| Others | 3.2 | 3.4 | 4.5 | 5.8 | 21.9% |
| Total | 60.0 | 70.5 | 71.9 | 105 | 20.5% |
Top Export Markets for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken from Greece in 2022:
- Italy (89.6K tons)
- Saudi Arabia (56.4K tons)
- Spain (49.7K tons)
- United Arab Emirates (11.9K tons)
- Japan (8.9K tons)
- Qatar (8.1K tons)
- Oman (5.6K tons)
- South Korea (2.1K tons)
Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Greece
For the third consecutive year, Greece recorded decline in purchases abroad of oil seeds; cotton seeds, other than seed, whether or not broken, which decreased by -37.3% to 70 tons in 2022. In general, imports continue to indicate a significant curtailment.
In value terms, imports of oil seeds; cotton seeds, other than seed, whether or not broken shrank dramatically to $54K in 2022. Overall, imports faced a sharp slump. The smallest decline of -7.2% was in 2020.
| Import of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | N/A | 110 | 73.6 | 52.4 | -31.0% |
| South Korea | 62.2 | N/A | N/A | N/A | 0% |
| Hungary | 11.5 | N/A | N/A | N/A | 0% |
| Japan | 103 | 22.4 | N/A | N/A | -78.3% |
| Italy | 235 | N/A | 0.3 | N/A | -96.4% |
| Romania | N/A | 245 | 83.7 | N/A | -65.8% |
| Others | N/A | 4.7 | 4.6 | 1.6 | -41.7% |
| Total | 412 | 382 | 162 | 54.0 | -49.2% |
Top Suppliers of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken to Greece in 2022:
- Bulgaria (69.9 tons)
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