Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in Greece - 2023

Contents:

1. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Greece (FOB) - 2023
2. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Greece (CIF) - 2022
3. Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Greece
4. Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Greece

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Greece (FOB) - 2023

In November 2023, the average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $3,450 per ton, with an increase of 21% against the previous month. Over the period under review, export price indicated tangible growth from November 2022 to November 2023: its price increased at an average monthly rate of +3.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia increased by +73.3% against August 2023 indices. The most prominent rate of growth was recorded in September 2023 an increase of 69% month-to-month. The export price peaked in November 2023.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Austria ($7,817 per ton), while the average price for exports to Australia ($1,702 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Greece (CIF) - 2022

In 2022, the average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $1,723 per ton, with a decrease of -15.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 31% against the previous year. The import price peaked at $2,330 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Italy ($3,300 per ton), while the price for Poland ($1,098 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Greece

In 2022, shipments abroad of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia decreased by -20.6% to 3.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. As a result, the exports reached the peak of 3.9K tons, and then dropped dramatically in the following year.

In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia declined rapidly to $6.4M in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, the exports reached the peak of $8.4M, and then declined significantly in the following year.

Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Greece in 2022:

1. Italy (1686.2 tons)
2. Albania (437.8 tons)
3. Germany (318.3 tons)
4. Belarus (160.3 tons)
5. Bulgaria (106.1 tons)
6. Netherlands (97.2 tons)
7. Poland (75.1 tons)

Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Greece

In 2022, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia into Greece skyrocketed to 152 tons, increasing by 21% compared with 2021 figures. In general, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year.

In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia expanded to $261K in 2022. Overall, imports, however, showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year.

Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Greece in 2022:

1. Egypt (111.9 tons)
2. Italy (14.6 tons)
3. Poland (14.3 tons)
4. Romania (10.3 tons)
5. Germany (0.5 tons)

Source: IndexBox Market Intelligence Platform