Greece - Spices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpice Price in Greece - 2023
Contents:
- Spice Price in Greece (CIF) - 2022
- Spice Price in Greece (FOB) - 2022
- Spice Imports in Greece
- Spice Exports in Greece
Spice Price in Greece (CIF) - 2022
The average spice import price stood at $3,892 per ton in 2022, declining by -3.1% against the previous year. In general, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of 18% against the previous year. The import price peaked at $5,216 per ton in 2014; however, from 2015 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 Austria ($8,290 per ton), while the price for China ($1,725 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Spice Price in Greece (FOB) - 2022
In 2022, the average spice export price amounted to $7,065 per ton, falling by -39.2% against the previous year. In general, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 47% against the previous year. The export price peaked at $16,147 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($21,140 per ton), while the average price for exports to Israel ($1,561 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 (-1.4%), while the prices for the other major destinations experienced a decline.
Spice Imports in Greece
In 2022, the amount of spices imported into Greece expanded modestly to 6.2K tons, increasing by 1.8% on the year before. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 4.1%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, spice imports fell modestly to $24M in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $24M, and then reduced slightly in the following year.
| Import of Spice in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.6 | 3.1 | 4.6 | 5.5 | 28.4% |
| China | 1.5 | 2.3 | 2.1 | 2.2 | 13.6% |
| Spain | 1.8 | 1.9 | 2.0 | 2.2 | 6.9% |
| Netherlands | 1.8 | 2.3 | 2.4 | 1.9 | 1.8% |
| Germany | 1.6 | 1.2 | 2.2 | 1.8 | 4.0% |
| Italy | 0.9 | 1.0 | 1.3 | 1.6 | 21.1% |
| India | 1.0 | 1.3 | 1.7 | 1.2 | 6.3% |
| Turkey | 0.6 | 0.7 | 1.1 | 1.1 | 22.4% |
| Indonesia | 0.8 | 1.0 | 0.9 | 0.8 | 0.0% |
| Bulgaria | 0.5 | 0.5 | 0.6 | 0.6 | 6.3% |
| Pakistan | 0.2 | 0.4 | 0.4 | 0.4 | 26.0% |
| Syrian Arab Republic | N/A | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 5.1 | 4.5 | 4.7 | 4.4 | -4.8% |
| Total | 18.5 | 20.3 | 24.3 | 23.9 | 8.9% |
Top Suppliers of Spice to Greece in 2022:
- China (1281.6 tons)
- Vietnam (1277.6 tons)
- Spain (654.5 tons)
- Netherlands (562.5 tons)
- India (464.2 tons)
- Germany (228.6 tons)
- Italy (221.4 tons)
- Pakistan (200.2 tons)
- Bulgaria (199.7 tons)
- Turkey (182.4 tons)
- Indonesia (129.3 tons)
- Syrian Arab Republic (119.2 tons)
Spice Exports in Greece
Spice exports from Greece surged to 1.2K tons in 2022, growing by 35% compared with the previous year. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.9% 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 +94.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 52% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, spice exports declined rapidly to $8.3M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value 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, exports increased by +57.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year.
| Export of Spice in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 584 | 864 | 964 | 1,272 | 29.6% |
| Germany | 458 | 841 | 1,239 | 1,270 | 40.5% |
| Spain | 1,178 | 744 | 1,500 | 1,101 | -2.2% |
| Turkey | 24.8 | 1.3 | 22.1 | 750 | 211.6% |
| Albania | 200 | 280 | 312 | 335 | 18.8% |
| Netherlands | 146 | 134 | 82.8 | 249 | 19.5% |
| Bulgaria | 208 | 331 | 321 | 190 | -3.0% |
| Romania | 116 | 65.8 | 33.1 | 131 | 4.1% |
| Sweden | 33.4 | 100 | 168 | 102 | 45.1% |
| North Macedonia | 116 | 126 | 43.1 | 75.4 | -13.4% |
| Israel | N/A | N/A | 0.3 | 55.2 | 18300.0% |
| Serbia | 82.0 | 101 | 33.6 | 15.6 | -42.5% |
| Others | 2,155 | 4,370 | 5,455 | 2,787 | 9.0% |
| Total | 5,303 | 7,958 | 10,174 | 8,333 | 16.3% |
Top Export Markets for Spice from Greece in 2022:
- Turkey (231.0 tons)
- Germany (226.4 tons)
- Cyprus (167.2 tons)
- Albania (103.1 tons)
- Bulgaria (99.1 tons)
- Romania (68.9 tons)
- Spain (52.1 tons)
- Israel (35.4 tons)
- Netherlands (31.1 tons)
- Sweden (25.0 tons)
- North Macedonia (16.9 tons)
- Serbia (3.6 tons)
This report provides an in-depth analysis of the spice 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:
- FCL 687 - Pepper
- FCL 689 - Pimento
- FCL 692 - Vanilla
- FCL 693 - Cinnamon (canella)
- FCL 698 - Cloves
- FCL 702 - Nutmeg, mace, cardamoms
- FCL 711 - Anise, badian, fennel
- FCL 720 - Ginger
- FCL 723 - Spices nes
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
802
This report provides an in-depth analysis of the spice market in Greece.
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This report provides an in-depth analysis of the piper pepper market in Greece.
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This report provides an in-depth analysis of the global piper pepper market.
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This report provides an in-depth analysis of the global pimenta pepper market.
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This report provides an in-depth analysis of the spice market in Greece.
716
This report provides an in-depth analysis of the piper pepper market in Greece.
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This report provides an in-depth analysis of the pimenta pepper market in Greece.
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The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
