Greece: Butter And Ghee Market Overview 2020

Butter And Ghee Market Size in Greece

The revenue of the butter and ghee market in Greece amounted to $X in 2018, reducing by -X% against the previous year. In general, butter and ghee consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. In that year, the butter and ghee market attained its peak level of $X, and then declined slightly in the following year.

Butter And Ghee Production in Greece

In value terms, butter and ghee production stood at $X in 2018 estimated in export prices. Overall, butter and ghee production continues to indicate a slight deduction. The most prominent rate of growth was recorded in 2012 when production volume increased by X% y-o-y. Butter and ghee production peaked at $X in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

Butter And Ghee Exports

Exports from Greece

In 2018, approx. X tonnes of butter and ghee were exported from Greece; increasing by X% against the previous year. Overall, butter and ghee exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, butter and ghee exports stood at $X in 2018. Over the period under review, butter and ghee exports continue to indicate extraordinary growth. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, butter and ghee exports attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

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 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Romania (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for butter and ghee exports from Greece, comprising X% of total butter and ghee exports. The second position in the ranking was occupied by Bulgaria ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Romania totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Cyprus (+X% per year).

Export Prices by Country

In 2018, the average butter and ghee export price amounted to $X per tonne, lowering by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 an increase of X% y-o-y. In that year, the average export prices for butter and ghee reached their peak level of $X per tonne, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Cyprus ($X per tonne), while the average price for exports to Poland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria, while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Greece

In 2018, approx. X tonnes of butter and ghee were imported into Greece; waning by -X% against the previous year. In general, butter and ghee imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, butter and ghee imports reached their peak figure at X tonnes in 2011; however, from 2012 to 2018, imports remained at a lower figure.

In value terms, butter and ghee imports stood at $X in 2018. Overall, the total imports indicated a measured expansion from 2007 to 2018: its value 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 2018 figures, butter and ghee imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

Germany (X tonnes), the Netherlands (X tonnes) and France (X tonnes) were the main suppliers of butter and ghee imports to Greece, together comprising X% of total imports. Denmark, Romania, Belgium and Italy lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Romania, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the largest butter and ghee suppliers to Greece, with a combined X% share of total imports. Denmark, Belgium, Italy and Romania lagged somewhat behind, together accounting for a further X terms of the main suppliers, Romania experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average butter and ghee import price stood at $X per tonne in 2018, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Italy ($X per tonne), while the price for Romania ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform