Greece: Extracts Of Tea Market 2024

Extracts Of Tea Market Size in Greece

The Greek extracts of tea market dropped markedly to $X in 2022, reducing by X% against the previous year. Overall, consumption saw a sharp shrinkage. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Extracts Of Tea Production in Greece

In value terms, extracts of tea production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep reduction. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Extracts Of Tea Exports

Exports from Greece

In 2022, approx. X tons of extracts, essences and concentrates of tea or mate were exported from Greece; waning by X% against the previous year's figure. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, extracts of tea exports declined markedly to $X in 2022. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for extracts of tea exports from Greece, accounting for a X% share of total exports. Moreover, extracts of tea exports to Italy exceeded the volume sent to the second major destination, Cyprus (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Bulgaria (X% per year).

In value terms, Italy ($X) remains the key foreign market for extracts, essences and concentrates of tea or mate exports from Greece, comprising X% of total exports. The second position in the ranking was held by Cyprus ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Bulgaria (X% per year).

Export Prices by Country

In 2022, the average extracts of tea export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Italy ($X 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 Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Extracts Of Tea Imports

Imports into Greece

In 2022, imports of extracts, essences and concentrates of tea or mate into Greece contracted remarkably to X tons, reducing by X% on 2021 figures. Over the period under review, imports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, extracts of tea imports fell markedly to $X in 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Bulgaria (X tons) and Hungary (X tons) were the main suppliers of extracts of tea imports to Greece, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest extracts of tea suppliers to Greece were Germany ($X), Italy ($X) and Bulgaria ($X), together comprising X% of total imports. The Netherlands, Poland and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average extracts of tea import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price posted a temperate increase. 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 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform