Starches; Inulin Price in Greece - 2023
Contents:
- Starches; Inulin Price in Greece (CIF) - 2023
- Starches; Inulin Price in Greece (FOB) - 2022
- Starches; Inulin Imports in Greece
- Starches; Inulin Exports in Greece
Starches; Inulin Price in Greece (CIF) - 2023
The average starches; inulin import price stood at $925 per ton in August 2023, picking up by 10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in April 2023 an increase of 13% against the previous month. As a result, import price attained the peak level of $1,052 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,118 per ton), while the price for Turkey ($546 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Greece (FOB) - 2022
In 2022, the average starches; inulin export price amounted to $422 per ton, with a decrease of -24.2% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 9.1%. Over the period under review, the average export prices reached the maximum at $1,212 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($1,327 per ton), while the average price for exports to Poland ($294 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 Bulgaria (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Greece
For the fourth year in a row, Greece recorded growth in supplies from abroad of starches; inulins, which increased by 3.8% to 29K tons in 2022. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 8.8% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, starches; inulin imports soared to $23M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 4.0 | 4.7 | 4.6 | 4.6 | 4.8% |
| Romania | 1.2 | 1.2 | 1.5 | 2.8 | 32.6% |
| Serbia | 1.0 | 1.1 | 1.7 | 2.5 | 35.7% |
| Netherlands | 1.3 | 1.6 | 2.5 | 2.2 | 19.2% |
| Egypt | N/A | N/A | 0.3 | 2.0 | 566.7% |
| Austria | 2.0 | 1.0 | 1.1 | 1.8 | -3.5% |
| Belgium | 0.2 | 0.5 | 0.9 | 1.0 | 71.0% |
| Thailand | 0.3 | 0.6 | 0.4 | 1.0 | 49.4% |
| Spain | 0.1 | 0.1 | 0.7 | 1.0 | 115.4% |
| Germany | 1.1 | 1.2 | 1.0 | 0.9 | -6.5% |
| Italy | 1.1 | 1.2 | 0.4 | 0.7 | -14.0% |
| Poland | 0.4 | 0.3 | 0.5 | 0.7 | 20.5% |
| Czech Republic | 0.4 | 0.4 | 0.3 | 0.5 | 7.7% |
| Others | 1.3 | 1.3 | 1.5 | 1.5 | 4.9% |
| Total | 14.3 | 15.3 | 17.4 | 23.4 | 17.8% |
Top Suppliers of Starches; Inulin to Greece in 2022:
- Bulgaria (6.1K tons)
- Romania (4.0K tons)
- Serbia (3.2K tons)
- Egypt (2.7K tons)
- Austria (2.5K tons)
- Netherlands (1.9K tons)
- Italy (1.3K tons)
- Spain (1.3K tons)
- Belgium (1.0K tons)
- Thailand (1.0K tons)
- Poland (0.7K tons)
- Czech Republic (0.6K tons)
- Germany (0.6K tons)
Starches; Inulin Exports in Greece
In 2022, starches; inulin exports from Greece soared to 2.4K tons, jumping by 48% against the previous year. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 84%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, starches; inulin exports rose sharply to $1,000K in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 91% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Starches; Inulin in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 0.6 | 93.8 | 246 | 608 | 904.4% |
| Cyprus | 150 | 128 | 277 | 217 | 13.1% |
| Turkey | 45.1 | 65.0 | 23.2 | 53.5 | 5.9% |
| Albania | 33.7 | 27.9 | 38.5 | 36.5 | 2.7% |
| Bulgaria | 101 | 33.7 | 25.5 | 23.1 | -38.8% |
| Czech Republic | 88.3 | 80.5 | 23.6 | N/A | -48.3% |
| Others | 83.6 | 37.3 | 260 | 61.8 | -9.6% |
| Total | 502 | 467 | 892 | 1,000 | 25.8% |
Top Export Markets for Starches; Inulin from Greece in 2022:
- Poland (2070.8 tons)
- Cyprus (163.4 tons)
- Turkey (42.0 tons)
- Albania (34.4 tons)
- Bulgaria (19.7 tons)
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