Greece: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in Greece

The Greek market for fresh bread and miscellaneous bakery expanded markedly to $X in 2023, picking up by X% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Fresh Bread and Miscellaneous Bakery in Greece

In value terms, fresh bread and miscellaneous bakery production rose notably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Fresh bread and miscellaneous bakery production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

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Exports of Fresh Bread and Miscellaneous Bakery

Exports from Greece

In 2023, the amount of fresh bread and miscellaneous bakery exported from Greece surged to X tons, picking up by X% compared with the year before. Over the period under review, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

In value terms, fresh bread and miscellaneous bakery exports surged to $X in 2023. In general, exports showed a resilient increase. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2023 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X tons), Germany (X tons) and Cyprus (X tons) were the main destinations of fresh bread and miscellaneous bakery exports from Greece, together comprising X% of total exports. Bulgaria, France, Belgium, Romania, the Netherlands, Norway, Italy, Austria, the United States and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fresh bread and miscellaneous bakery exported from Greece were the UK ($X), Germany ($X) and Cyprus ($X), with a combined X% share of total exports. Bulgaria, Romania, France, the Netherlands, Belgium, the United States, Italy, Norway, Poland and Austria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, France, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for fresh bread and miscellaneous bakery stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Bread and Miscellaneous Bakery

Imports into Greece

In 2023, approx. X tons of fresh bread and miscellaneous bakery were imported into Greece; remaining relatively unchanged against 2022. Overall, total imports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see steady growth in the near future.

In value terms, fresh bread and miscellaneous bakery imports soared to $X in 2023. Over the period under review, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main suppliers of fresh bread and miscellaneous bakery imports to Greece, together accounting for X% of total imports. Bulgaria, Poland, Belgium, Italy, Romania and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh bread and miscellaneous bakery suppliers to Greece were Germany ($X), Belgium ($X) and Italy ($X), with a combined X% share of total imports. France, Bulgaria, Poland, Spain, Romania and the Netherlands lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for fresh bread and miscellaneous bakery amounted to $X per ton, jumping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform