Price for Pectic Substances; Pectinates and Pectates in Greece - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Greece (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Greece (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Greece
4. Exports of Pectic Substances; Pectinates and Pectates in Greece

Price for Pectic Substances; Pectinates and Pectates in Greece (CIF) - 2022

In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $12,033 per ton, declining by -11% against the previous year. Over the period under review, the import price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 62%. The import price peaked at $21,237 per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 Denmark ($14,458 per ton), while the price for Croatia ($3,696 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Greece (FOB) - 2022

The average export price for pectic substances; pectinates and pectateses stood at $13,527 per ton in 2022, stabilizing at the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 48%. The export price peaked at $22,950 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($55,892 per ton), while the average price for exports to Romania ($7,689 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 Cyprus (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pectic Substances; Pectinates and Pectates in Greece

In 2022, imports of pectic substances; pectinates and pectateses into Greece soared to 265 tons, with an increase of 19% compared with the year before. The total import volume increased at an average annual rate of +11.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, pectic substances; pectinates and pectates imports rose remarkably to $3.2M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 17%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Greece in 2022:

1. Italy (68.8 tons)
2. Denmark (47.2 tons)
3. China (46.0 tons)
4. France (45.6 tons)
5. Germany (29.7 tons)
6. Spain (11.4 tons)
7. Croatia (7.1 tons)

Exports of Pectic Substances; Pectinates and Pectates in Greece

After three years of growth, overseas shipments of pectic substances; pectinates and pectateses decreased by -44.6% to 19 tons in 2022. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, the exports reached the peak of 34 tons, and then declined rapidly in the following year.

In value terms, pectic substances; pectinates and pectates exports declined dramatically to $252K in 2022. Overall, exports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of $457K, and then reduced markedly in the following year.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Greece in 2022:

1. Albania (5.5 tons)
2. Romania (5.1 tons)
3. Bulgaria (4.7 tons)
4. Russia (1.5 tons)
5. Turkey (1.0 tons)
6. Austria (0.4 tons)
7. Cyprus (0.3 tons)

Source: IndexBox Market Intelligence Platform