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Greece - Butter And Ghee - Market Analysis, Forecast, Size, Trends and Insights
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Greece: Butter And Ghee Market Overview 2021

Butter And Ghee Market Size in Greece

In 2019, the Greek butter and ghee market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Butter and ghee consumption peaked at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Butter And Ghee Production in Greece

In value terms, butter and ghee production stood at $X in 2019 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the production volume increased by X% against the previous year. Butter and ghee production peaked at $X in 2008; however, from 2009 to 2019, production remained at a lower figure.

Butter And Ghee Exports

Exports from Greece

In 2019, exports of butter and ghee from Greece contracted to X tonnes, dropping by -X% on the previous year. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked at X tonnes in 2018, and then dropped in the following year.

In value terms, butter and ghee exports reduced slightly to $X in 2019. Overall, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Exports peaked at $X in 2018, and then reduced modestly in the following year.

Exports by Country

Romania (X tonnes), Bulgaria (X tonnes) and Cyprus (X tonnes) were the main destinations of butter and ghee exports from Greece, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butter and ghee exported from Greece were Romania ($X), Cyprus ($X) and Bulgaria ($X), with a combined X% share of total exports.

Among the main countries of destination, Romania recorded the highest rates of growth with regard to 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

In 2019, the average butter and ghee export price amounted to $X per tonne, picking up by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. The export price peaked in 2019 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Cyprus ($X per tonne), while the average price for exports to Bulgaria ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Albania, while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Greece

In 2019, overseas purchases of butter and ghee increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, butter and ghee imports declined to $X in 2019. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tonnes), Germany (X tonnes) and France (X tonnes) were the main suppliers of butter and ghee imports to Greece, together comprising X% of total imports. Denmark, Italy, Belgium and Romania lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) were the largest butter and ghee suppliers to Greece, together comprising X% of total imports. These countries were followed by Denmark, Belgium, Italy and Romania, which together accounted for a further X (+X% per year) recorded the highest rates of growth with regard to the value of imports, among 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 2019, the average butter and ghee import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. The import price peaked at $X per tonne in 2018, and then fell notably in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($X per tonne), while the price for Romania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter and ghee in the world?
+
The country with the largest volume of butter and ghee consumption was India (4.6M tonnes), comprising approx. 39% of total volume. Moreover, butter and ghee consumption in India exceeded the figures recorded by the second-largest consumer, the U.S. (991K tonnes), fivefold. Pakistan (853K tonnes) ranked third in terms of total consumption with a 7.3% share.
What are the largest producers of butter and ghee in the world?
+
India (4.6M tonnes) constituted the country with the largest volume of butter and ghee production, accounting for 39% of total volume. Moreover, butter and ghee production in India exceeded the figures recorded by the second-largest producer, the U.S. (967K tonnes), fivefold. Pakistan (852K tonnes) ranked third in terms of total production with a 7.2% share.
What are the leading suppliers of butter and ghee to Greece?
+
In value terms, the largest butter and ghee suppliers to Greece were the Netherlands ($12M), Germany ($8M) and France ($7.6M), together accounting for 58% of total imports. Denmark, Belgium, Italy and Romania lagged somewhat behind, together accounting for a further 33%.
What are the leading importers of butter and ghee from Greece?
+
In value terms, the largest markets for butter and ghee exported from Greece were Romania ($1.3M), Cyprus ($850K) and Bulgaria ($433K), with a combined 92% share of total exports.
What is the average export price for butter and ghee in Greece?
+
The average butter and ghee export price stood at $5,865 per tonne in 2019, surging by 16% against the previous year.
What is the average import price for butter and ghee in Greece?
+
The average butter and ghee import price stood at $4,538 per tonne in 2019, declining by -16.5% against the previous year.

Product coverage:
• FCL 983 - Butter and Ghee of Sheep Milk
• FCL 1022 - Butter of Goat Milk
• FCL 952 - Butter of Buffalo Milk
• FCL 886 - Butter of Cow Milk
• FCL 887 - Ghee from Cow Milk
• FCL 953 - Ghee, from Buffalo Milk

This report provides an in-depth analysis of the butter and ghee 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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